Common use of Prior to Maturity Clause in Contracts

Prior to Maturity. So long as no Event of Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Trustee's option, as evidenced by the Trustee's notifying the Company of such election, cease if an Event of Default shall have occurred and be continuing.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Hallwood Group Inc), Indenture (Hallwood Group Inc), Pledge and Security Agreement (Hallwood Group Inc)

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