Common use of Voting and Payment Rights in Respect of the Pledged Equity Clause in Contracts

Voting and Payment Rights in Respect of the Pledged Equity. (i) So long as no Event of Default shall exist, each Obligor may (A) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose permitted by this Agreement or the Credit Agreement and (B) subject to the requirements of this Agreement, receive and retain any and all dividends, principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and

Appears in 2 contracts

Samples: Security and Pledge Agreement (Orbital Atk, Inc.), Security and Pledge Agreement (Orbital Sciences Corp /De/)

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Voting and Payment Rights in Respect of the Pledged Equity. (iA) So long as no Event of Default shall exist, each Obligor the Debtor may (A1) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose permitted by not inconsistent with the terms of this Agreement or the Credit Stock Purchase Agreement and (B2) subject to the requirements of this Agreement, receive and retain any and all dividends, principal or interest paid dividends in respect of the Pledged Equity to the extent they are allowed under the Credit Stock Purchase Agreement; and

Appears in 1 contract

Samples: Pledge and Security Agreement (Victory Oilfield Tech, Inc.)

Voting and Payment Rights in Respect of the Pledged Equity. (i) So long as no Unless an Event of Default shall existhave occurred and be continuing, each Obligor may (A) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose permitted by not inconsistent with the terms of this Agreement or the Credit Agreement and (B) subject to the requirements of this Agreement, receive and retain any and all dividends, principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and

Appears in 1 contract

Samples: Credit Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)

Voting and Payment Rights in Respect of the Pledged Equity. (i) So long as no Event of Default shall exist, each Obligor may (A) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose permitted by not inconsistent with the terms of this Agreement or the Credit Agreement and (B) subject to the requirements of this Agreement, receive and retain any and all dividendsdividends (other than dividends consisting of certificated securities), principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and

Appears in 1 contract

Samples: Security and Pledge Agreement (Silicon Laboratories Inc)

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Voting and Payment Rights in Respect of the Pledged Equity. (i) So long as no Event of Default shall exist, each Obligor Grantor may (A) exercise any and all voting and other consensual rights pertaining to the Pledged Equity of such Obligor Grantor or any part thereof for any purpose permitted by not inconsistent with the terms of this Agreement or the Credit Agreement and (B) subject to the requirements of this Agreement, receive and retain any and all dividends, principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; andthe

Appears in 1 contract

Samples: Execution Copy Security and Pledge Agreement (Babcock & Wilcox Enterprises, Inc.)

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