Common use of Right to Vote Pledged Stock Clause in Contracts

Right to Vote Pledged Stock. Unless an Acceleration Default shall have occurred and be continuing, the Lien Grantor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor accompanied by a certificate signed by its principal financial officer stating that no Default has occurred and is continuing, deliver to the Lien Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Subject to the rights of the holders of the Senior Secured Obligations, unless a Default shall have occurred and be continuing, the Lien Grantor Borrower shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor Borrower accompanied by a certificate signed by its principal financial officer stating that no Default has occurred and is continuing, deliver to the Lien Grantor Borrower or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Subject to the rights of the holders of the Senior Secured Obligations, if a Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor Borrower shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuingcontinuing and the Debtor has received notice that its rights hereunder have been terminated, the Lien Grantor Debtor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor Debtor accompanied by a certificate signed by its principal financial officer stating that no Event of Default has occurred and is continuing, deliver to the Lien Grantor Debtor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor Debtor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuing, the Lien each Grantor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent Pledgee shall, upon receiving a written request from the Obligor such Grantor accompanied by a certificate signed by its the principal executive officer or principal financial officer of the Borrower stating that no Event of Default has occurred and is continuing, deliver to the Lien such Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent Pledgee or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral AgentPledgee. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Agent Pledgee shall have the right to the extent permitted by law and the Lien each Grantor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent Pledgee were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuing, the Lien Grantor applicable Pledgor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Administrative Agent shall, upon receiving a written request from the Obligor such Pledgor accompanied by a certificate signed by its principal financial officer stating that no Event of Default has occurred and is continuing, deliver to the Lien Grantor such Pledgor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Administrative Agent or its nominee as shall be specified in such request and be in form and substance reasonably satisfactory to the Collateral Administrative Agent. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Administrative Agent shall have the right to the extent permitted by law (including any laws, rules, regulations and the Lien Grantor orders relating to national security) and each Pledgor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock pledged by it with the same force and effect as if the Collateral Administrative Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Default shall have occurred and be continuing, the Lien Grantor Borrower shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor Borrower accompanied by a certificate signed by its principal financial officer stating that no Default has occurred and is continuing, deliver to the Lien Grantor Borrower or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor Borrower shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless If an Acceleration Event of Default shall have occurred and be continuing, the Lien Grantor Collateral Agent shall have the right, from time to timethe extent permitted by law, and the Pledgor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers waivers, and take any other action with respect to any or all of the Pledged Stock, with the same force and effect as if the Collateral Agent was the absolute and sole owner thereof, subject to the receipt of any necessary regulatory approvals. Unless and until an Event of Default has occurred and is continuing, the Pledgor shall have the sole right to vote and to give consents, ratifications and waivers, and take any other actions with respect to any or all of the Pledged Stock as it deems necessary or appropriate and the Collateral Agent shall, upon receiving a written request from the Obligor Pledgor accompanied by a certificate signed by its principal financial officer stating that no Event of Default has occurred and is continuing, deliver to the Lien Grantor or as specified in such request Pledgor such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance reasonably satisfactory to the Collateral Agent. If an Acceleration Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuing, each Grantor shall, subject to the Lien Grantor shall provisions of the PST Documents, have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent Pledgee shall, upon receiving a written request from the Obligor such Grantor accompanied by a certificate signed by its the principal executive officer or principal financial officer of the Borrower stating that no Event of Default has occurred and is continuing, deliver to the Lien such Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent Pledgee or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral AgentPledgee. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Agent Pledgee shall have the right to the extent permitted by law and subject to the Lien provisions of the PST Documents, and each Grantor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent Pledgee were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuing, the Lien Grantor Pledgor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor Pledgor accompanied by a certificate signed by its principal financial officer stating that no Event of Default has occurred and is continuing, deliver to the Lien Grantor Pledgor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law and the Lien Grantor Pledgor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof. The Agent will promptly notify the Borrower of any action taken by it pursuant to this Section, provided that the absence of such notification shall not limit any right of the Agent hereunder.

Right to Vote Pledged Stock. Unless an Acceleration Event of Default shall have occurred and be continuing, the Lien each Grantor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to the Pledged Stock, and the Collateral Agent shall, upon receiving a written request from the Obligor such Grantor accompanied by a certificate signed by its the principal executive officer or principal financial officer of the Borrower stating that no Event of Default has occurred and is continuing, deliver to the Lien such Grantor or as specified in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any of the Pledged Stock which is registered in the name of the Collateral Agent or its nominee as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. If an Acceleration Event of Default shall have occurred and be continuing, the Collateral Agent shall have the right to the extent permitted by law law, and the Lien each Grantor shall take all such action as may be necessary or appropriate to give effect to such right, to vote and to give consents, ratifications and waivers, and take any other action with respect to any or all of the Pledged Stock with the same force and effect as if the Collateral Agent were the absolute and sole owner thereof.