Rights Relating to Pledged Shares. Prior to the occurrence of an Event of Default (as defined herein) and the issuance of Pledged Shares to the Pledgee (in accordance with Section 5.1), the Pledged Shares shall not be, or be deemed to be, issued or outstanding shares of the Pledgor and neither the Pledgee nor any other person shall be entitled to vote the Pledged Shares, to receive dividends and other distributions thereon, or to enjoy any other rights and privileges incident to the ownership of the Pledged Shares.
Appears in 12 contracts
Samples: Pledge and Escrow Agreement (Deep Field Technologies, Inc.), Pledge and Escrow Agreement (Compliance Systems Corp), Pledge and Escrow Agreement (Wherify Wireless Inc)
Rights Relating to Pledged Shares. Prior to the occurrence of an Event of Default (as defined herein) and the issuance of Pledged Shares to the Pledgee (in accordance with Section 5.1), the Pledged Shares shall not be, or be deemed to be, issued or outstanding shares of the Pledgor and neither the Pledgee nor any other person shall be entitled to vote the Pledged Sharesvote, to receive dividends and other distributions thereon, or to and enjoy any all other rights and privileges incident to the ownership of the number of Pledged SharesShares actually released from escrow in accordance with Section 5.1.
Appears in 1 contract
Samples: Pledge and Escrow Agreement (Access Pharmaceuticals Inc)
