Voting; Distributions Sample Clauses
Voting; Distributions. Regardless of whether the restrictions imposed by Paragraph 1 hereof have lapsed, the Participant shall have the right to vote the Shares granted hereunder to the extent the Participant is a shareholder of record on any applicable record date with respect to such Shares. To the extent that the restrictions imposed by Paragraph 1 have not lapsed with respect to Shares, distributions (other than tax distributions), whether in cash, securities or other property, with respect to such Shares shall be held by the Company and distributed when the restrictions lapse.
Voting; Distributions. (a) So long as no Default or Event of Default shall have occurred and be continuing, each 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 and in a manner which does not impair the value or transferability of any of the Collateral.
(b) Except as provided in Section 5(c), each Pledgor shall be entitled to receive and retain cash distributions (and to disburse any of the foregoing subject to such restrictions as are set forth in the Loan Agreement) paid in respect of the Interest Collateral and any and all interest on and principal of the Pledged Debt; provided, however, that any and all instruments and other property received or receivable by a Pledgor or otherwise distributed to a Pledgor in exchange for any Interest Collateral shall, if received by such Pledgor, be received in trust for the benefit of the Pledgee and be forthwith delivered to the Pledgee as Interest Collateral in the same form as so received (with any necessary endorsement).
(c) Upon the occurrence and during the continuance of an Event of Default:
(i) All rights of each Pledgor to receive the principal, interest and other cash distributions that it would otherwise be authorized to receive and retain under Section 5(b) shall cease, and all such rights shall thereupon become vested in the Pledgee who shall thereupon have the sole right to receive and hold as Collateral such principal, interest and other distributions.
(ii) Any and all principal, interest and other distributions payable to any Pledgor in respect of the Collateral shall be received by such Pledgor in trust for the benefit of the Pledgee, shall be segregated from other funds of such Pledgor and shall, upon the written request of the Pledgee, be forthwith paid over to the Pledgee as Collateral in the same form as so received (with any necessary endorsement).
Voting; Distributions. Except as provided herein, unless and until there shall have occurred and be continuing an Event of Default, Assignor shall have the exclusive right to vote the shares represented by the Pledged Stock and to receive any and all dividends or distributions related thereto.
Voting; Distributions. Participants shall be entitled to vote Shares subject to an Award on all matters the Company's shareholders are entitled to vote. Distributions payable on Shares subject to an Award shall be paid by the Company to the Participant at the same time and manner as distributions are paid to the Company's shareholders.
Voting; Distributions