Common use of Voting and Other Consensual Rights Clause in Contracts

Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(d), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral or any part thereof, and, provided, further, that upon request of the Collateral Agent at any time or from time to time, Pledgor shall give the Collateral Agent prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

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Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(dSection 6.08(c), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral Pledged Securities or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement, the Note or any other Transaction Document; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral Pledged Securities or any part thereof, and, provided, further, that upon request of the Collateral Agent Secured Party at any time or from time to time, Pledgor shall give the Collateral Agent Secured Party prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Security and Pledge Agreement (Intelect Communications Inc)

Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection Section 6.06(d), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of this Security Agreement; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral or any part thereof, and, provided, further, that upon request of the Collateral Agent Secured Party at any time or from time to time, Pledgor shall give the Collateral Agent Secured Party prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Security Agreement (Dailey Petroleum Services Corp)

Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(d6.05(d), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral or any part thereof, and, provided, further, that upon request of the Collateral Agent at any time or from time to time, Pledgor shall give the Collateral Agent prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Stock Pledge Agreement (Panda Interfunding Corp)

Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(d)‎Section 6.6, Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the its Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided provided, however, that Pledgor shall not exercise or and shall refrain from exercising any such right if such action would have a material adverse effect Material Adverse Effect on the value of the Collateral or any part thereof, ; and, providedprovided further that, further, that upon request of the Collateral Agent Secured Party at any time or from time to time, Pledgor shall give the Collateral Agent Secured Party prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Pledge Agreement (American Standard Energy Corp.)

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Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(dSection 6.07(d), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral or any part thereof, and, provided, further, that upon request of the Collateral Agent Secured Party at any time or from time to time, Pledgor shall give the Collateral Agent Secured Party prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Security Agreement (Kinder Morgan Energy Partners Lp)

Voting and Other Consensual Rights. Except to the extent otherwise provided in subsection 6.06(d), Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement; provided however, that Pledgor shall not exercise or refrain from exercising any such right if such action would have a material adverse effect on the value of the Collateral or any part thereof, and, provided, further, that upon request of the Collateral Agent Secured Party at any time or from time to time, Pledgor shall give the Collateral Agent Secured Party prompt written notice of the manner in which Pledgor has exercised, or the reasons for refraining from exercising, any such right.

Appears in 1 contract

Samples: Security Agreement (Brigham Holdings Ii LLC)

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