Common use of VOTING, ETC Clause in Contracts

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default (or a Default under Section 10.05 of the Credit Agreement), each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers or ratifications in respect thereof provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Agreements (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any Secured Creditor therein. All such rights of a Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 10.05 of the Credit Agreement) shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Sources: Pledge Agreement (Fairpoint Communications Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default and (or a except to the extent an Event of Default under as specified in Section 10.05 9.05 of the Credit Agreement), each Agreement has occurred) the Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Secured Interest Rate Agreements Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any Secured Creditor therein. All such rights of a such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 10.05 of the Credit Agreement) shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Sources: Credit Agreement (Hosiery Corp of America Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there an Event of Default shall have occurred and be continuing an Event and written notice thereof shall be given by the Pledgee to the relevant Pledgor (provided that if any of Default (or a Default under the Defaults specified in Section 10.05 9.05 of the Credit AgreementAgreement shall occur, no such notice should be required), each Pledgor shall be entitled to exercise all voting rights attaching to any and all voting and other consensual rights pertaining to the Collateral owned by it, it and to give consents, waivers or ratifications in respect thereof provided thereof; provided, that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, violate or be inconsistent with, with any of the terms of this Agreement, the Credit Agreement, any other Credit Document or any Interest Rate Agreements Protection or Other Hedging Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any Secured Creditor thereinCreditor. All such rights of a each Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 10.05 of the Credit Agreement) shall occur and be continuing continuing, and Section 7 hereof shall become applicable.

Appears in 1 contract

Sources: Credit Agreement (Firstlink Communications Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default (or a Default under Section 10.05 of Default, the Credit Agreement), each Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to and attaching to any and all of the Collateral owned by it, and to give consents, waivers or ratifications in respect thereof thereof; provided that that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violateviolate in any material respect, result in a breach of any covenant contained in, or be inconsistent with, with any of the terms of this Agreementany Loan Document, the Credit Agreement, any other Credit Document or any Interest Rate Agreements which could reasonably be expected to have a Material Adverse Effect (collectively, the "Secured Debt Agreements"“Voting Rights”), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any Secured Creditor therein. All such rights of a the Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default has occurred, and is continuing and the Pledgee shall have given notice to the Pledgor of its intent to exercise rights pursuant to Section 7 hereof (or a although no such notice shall be required if an Event of Default under described in any of clauses (a) through (e) of Section 10.05 8.1.9 of the Credit Agreement) Agreement shall occur have occurred and be continuing continuing) and Section 7 hereof shall become applicable.

Appears in 1 contract

Sources: Credit Agreement (Strategic Hotels & Resorts, Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an Event of Default and (or a except to the extent an Event of Default under as specified in Section 10.05 9.05 of the Credit Agreement), Agreement has occurred) each Pledgor shall be entitled to exercise all voting rights attaching to any and all Collateral Pledged Securities owned by it, and to give consents, waivers or ratifications in respect thereof thereof, provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would violate, result in breach of any covenant contained in, or be inconsistent with, any of the terms of this Agreement, the Credit Agreement, Agreement any other Credit Document or any Secured Interest Rate Agreements Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the Collateral or any part thereof or the position or interests of the Pledgee or any Secured Creditor therein. All such rights of a such Pledgor to vote and to give consents, waivers and ratifications shall cease in case an Event of Default (or a Default under Section 10.05 of the Credit Agreement) shall occur and be continuing and Section 7 hereof shall become applicable.

Appears in 1 contract

Sources: Credit Agreement (Hosiery Corp of America Inc)