Rights of Debtor. 5 2.5 Perfection . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.6 State Registrations . . . . . . . . . . . . . . . . . . . . 5
Rights of Debtor. Until default, Debtor may use its inventory and goods in any lawful manner not inconsistent with this Agreement and with the terms of insurance thereon; may sell its inventory and goods in the ordinary course of business; and may use and consume any raw materials or supplies, the use and consumption of which is necessary in order to carry on Debtor's business.
Rights of Debtor. Debtor is the legal and beneficial owner of the Collateral free and clear of any Lien or other charge or encumbrance, including, without limitation, pledges, assignments, licenses, shop rights and covenants by Debtor not to sue xxx Person, except for the security interests and assignment created by this Agreement. No effective financing statement or other instrument similar in effect naming Debtor as "debtor" covering all or any part of the Collateral is on file in any recording office, except such as may have been filed in favor of Secured Party relating to this Agreement.
Rights of Debtor. Debtor is the legal and beneficial owner of the Collateral free and clear of any Lien or other charge or encumbrance, including, without limitation, pledges, assignments, licenses, shop rights and covenants by Debtor not to sue xxx Person, except for the security interests and assignment created by this Agreement any other Liens permitted under the Credit Agreement. No effective financing statement or other instrument similar in effect naming Debtor as "debtor" covering all or any part of the Collateral is on file in any recording office, except such as may have been filed in favor of Administrative Agent relating to this Agreement.
Rights of Debtor. Prior to the occurrence of a Default (as hereinafter defined), Debtor may exercise any and all rights, voting and otherwise, with respect to the Collateral. However, Debtor may not receive any distributions and other payments made with respect to the Collateral free from the Security Interest provided for in this Agreement.
Rights of Debtor. In addition to all covenants and agreements of Debtor set forth in Obligations or made in connection therewith, which are incorporated herein by this reference, Debtor hereby agrees:
Rights of Debtor. The provisions of this Agreement shall not in any way expand, alter or modify the rights of the Debtor under the documents evidencing their obligations to the Lender and Reservoir, respectively, including, without limitation, the right to cure any default with respect thereto. This Agreement is for the sole and exclusive benefit of the parties hereto and shall govern their relationship inter se as creditors of the Debtor.
Rights of Debtor. (a)So long as no Event of Default (hereinafter defined), or any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default, shall have occurred and be continuing, Pledgor shall be entitled to exercise, enjoy and perform all of the rights and obligations as owner of the Pledged Collateral, including, without limitation, the right to retain any cash profit distributions issued with respect to the Pledged Collateral and to exercise any and all voting rights and other consent rights pertaining to the Pledged Collateral or any part thereof for any purpose not inconsistent with this Agreement; provided, however, that Pledgor shall not exercise or refrain from exercising such right if, in Pledgor’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral.
Rights of Debtor. Provided that no Event of Default has occurred and has remained uncured for the applicable cure period, Debtor shall be entitled to vote or consent with respect to the Transferred Shares in any manner not inconsistent with this Agreement. Debtor grants to Secured Party an irrevocable proxy to voter consent with respect to the Transferred Shares which proxy shall be effective immediately upon the occurrence or continuance of an Event of Default. Debtor and Secured Party hereby acknowledge that the proxy provided for herein is a proxy coupled with an interest and will continue for the entire term of this Agreement. Upon request of Secured Party, Debtor agrees to deliver to Secured Party such further evidence of such irrevocable proxy to vote the Transferred Shares.
Rights of Debtor. 5 2.03. Perfection....................... 5 2.04. Registrations.................... 5 2.05.
