Common use of Right to Vote Pledged Stock Clause in Contracts

Right to Vote Pledged Stock. Unless an Event of Default shall have occurred and be continuing, the Pledgor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any or all of the Pledged Stock. If an Event of Default shall have occurred and be continuing, the Agent shall have the right, to the 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, and take any other action, with respect to any or all of the Pledged Stock with the same force and effect as if the Agent were the absolute and sole owner thereof.

Right to Vote Pledged Stock. Unless an Event of Default shall have occurred and be continuing, the Pledgor shall have the right, from time to time, to vote and to give consents, ratifications and waivers with respect to any or all of the Pledged Stock. If an Event of Default shall have occurred and be continuing, then the Collateral Agent shall have the right, right to the extent permitted or recognized 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, and take any other action, 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.