Rights of Pledgors Sample Clauses

Rights of Pledgors. Prior to the occurrence of an Event of Default under the Credit Agreement, each Pledgor shall have all voting and other rights, powers, privileges and preferences pertaining to the Collateral, subject to the terms of this Pledge Agreement, and Administrative Agent (for its benefit and for the benefit of Lenders) shall not be entitled to any of such rights by reason of its possession of the Pledged Interests.
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Rights of Pledgors. (a)So long as no Event of Default has occurred and is continuing, each Pledgor shall be entitled to receive cash dividends and other cash distributions paid on its Pledged Collateral solely to the extent permitted or not prohibited to be paid or distributed under the Credit Agreement, and to use and apply the same.
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Rights of Pledgors. Until the security constituted by this Escrow Agreement shall have become enforceable as provided in Section 6.01 hereof, the Company shall be entitled to exercise all rights and privileges (including voting the Indemnity Shares at any meeting of, and with respect to any action taken by, the Company as holders of the Indemnity Shares) and to receive all benefits to which the Company are entitled by virtue of being the owners and registered owners of the Indemnity Shares.
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Rights of Pledgors. Prior to the occurrence and continuance of an Event of Default (as defined below), and so long as Lender has not transferred the Collateral to its own name under Section 4 hereof, each Pledgor shall be entitled to vote or consent with respect to the Collateral pledged by such Pledgor in any manner not inconsistent with this Agreement or any note, document or instrument delivered pursuant to or in connection with this Agreement or with the Obligations and, if the Lender has had the shares transferred into his name, the Lender will take such steps that are reasonable and necessary to permit such Pledgor to exercise its right to vote the Collateral pledged by such Pledgor. Pledgors hereby grant to Lender an irrevocable proxy to vote the Collateral, which proxy shall be effective immediately upon the occurrence of an Event of Default.
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Rights of Pledgors. (1) Unless an Event of Default (as defined in Section 9) shall have occurred, and subject to the other provisions of this Pledge Agreement, each Pledgor shall be entitled to vote or consent with respect to the Collateral and to have and exercise all other rights, including voting rights, as a holder of the Collateral;
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Rights of Pledgors. Each Pledgor shall be entitled to (i)(A) receive and retain all payments under Payment Rights and Ordinary Distributions, and (B) make withdrawals from all Bank Accounts and retain such withdrawals, and (ii) obtain originals of all Instruments, Chattel Paper, Securities, Letters of Credit and Documents that are Collateral which shall be made available to each Pledgor upon request for purposes of presentation, collection or renewal (any such arrangement to be effected to the extent deemed appropriate by the Collateral Agent against a trust receipt or like document). Each withdrawal under clause (i)(B) and request under clause (ii) of the preceding sentence shall constitute a Representation and Warranty by such Pledgor that no Event of Default is continuing. No delivery of any Collateral pursuant to clause (ii) of the preceding sentence shall terminate the Security Interest therein and each Pledgor shall, within 18 days of its receipt of any such Collateral, either return such Collateral or its proceeds to the Collateral Agent or such other Person as the Collateral Agent may designate or, should the Security Interest in any such proceeds not be perfectible by possession, take such other action as may be required by Section 1.03(a) to continue the perfection of the Security Interest therein. During an Event of Default, the Collateral Agent shall have with respect to all Collateral held by or for its account all of the rights afforded it under Article 5.
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Rights of Pledgors. Unless an Event of Default shall have occurred and be continuing:
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Related to Rights of Pledgors

  • Certain Sales of Pledged Collateral (a) Each Pledgor recognizes that, by reason of certain prohibitions contained in law, rules, regulations or orders of any Governmental Authority, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Pledged Collateral, to limit purchasers to those who meet the requirements of such Governmental Authority. Each Pledgor acknowledges that any such sales may be at prices and on terms less favorable to the Collateral Agent than those obtainable through a public sale without such restrictions, and, notwithstanding such circumstances, agrees that any such restricted sale shall be deemed to have been made in a commercially reasonable manner and that, except as may be required by applicable law, the Collateral Agent shall have no obligation to engage in public sales.

  • Covenants of Pledgor and Party C 6.1 During the term of this Agreement, Pledgor and Party C hereby jointly and severally covenant to the Pledgee:

  • Disposition of Pledged Interests by Agent None of the Pledged Interests existing as of the date of this Agreement are, and none of the Pledged Interests hereafter acquired on the date of acquisition thereof will be, registered or qualified under the various federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such registration. Each Grantor understands that in connection with such disposition, Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Pledged Interest or any portion thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Agent has handled the disposition in a commercially reasonable manner.

  • Exercise of Pledge 8.1 Pledgee shall issue a written Notice of Default to Pledgor when it exercises the Pledge.

  • Authorization of Pledged Equity All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

  • Description of Pledged Collateral (a) The Pledged Collateral is described as follows and on any separate schedules at any time furnished by Pledgor to Secured Party (which schedules are hereby deemed part of this Agreement):

  • Transfers of Pledged Collateral No Pledgor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except as permitted by the Credit Agreement.

  • Release of Pledged Shares from Pledge Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.

  • Covenants of Pledgor Pledgor hereby covenants and agrees as follows:

  • NOTICE OF PLEDGE 4.1 Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than twenty business days after the date of this Agreement, and, in relation to any Account opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank and any other relevant third party of the Pledges by delivering a notification substantially in the form set out in Schedule 3 (Form of Notice of Pledge) by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition, the Pledgor shall use all reasonable efforts to procure that each Account Bank promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent and to the Pledgor.

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