Common use of VOTING, ETC Clause in Contracts

VOTING, ETC. WHILE NO EVENT OF DEFAULT. Unless there shall be continuing an Event of Default, the Pledgor shall be entitled to exercise any and all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, HOWEVER, 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 or any of the other Loan Documents. All such rights of a Pledgor to vote and to give consents, waivers and ratifications with respect to all or any part of the Collateral owned by it shall cease if an Event of Default shall be continuing if, and to the extent that, the Pledgee shall notify the Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the case may be) such part of such Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs

VOTING, ETC. WHILE NO EVENT OF DEFAULTPRIOR TO MATURITY. Unless there shall be continuing and until an Event of DefaultDefault shall have occurred and be continuing, and until notice of such Event of Default has been given by the Pledgee, the Pledgor shall be entitled to exercise any and all voting rights attaching to any and all Collateral owned by it, vote the Pledged Shares and to give consents, waivers or and ratifications in respect thereofof the Pledged Shares; PROVIDED, HOWEVER, that no vote shall be cast 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, with or violate any provisions of any of the terms documents or instruments evidencing any of the Obligations or of this Agreement. Until the occurrence of an Event of Default, the Credit Agreement Pledgee shall execute and deliver to the Pledgor such proxies or any of other documents in writing as may be necessary to enable the other Loan DocumentsPledgor to exercise the foregoing rights. All such rights of a the Pledgor to vote and to give consents, waivers and ratifications with respect to all or any part of the Collateral owned by it shall cease if forthwith in case an Event of Default shall have occurred and be continuing ifcontinuing, and without any notice (except as provided in this Section 6) or demand by the Pledgee to the extent that, the Pledgee shall notify the Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the case may be) such part of such CollateralPledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Netscout Systems Inc)

VOTING, ETC. WHILE NO EVENT OF DEFAULTPRIOR TO MATURITY. Unless there shall be continuing and until an Event of DefaultDefault shall have occurred and be continuing, and until notice of such Event of Default has been given by the Pledgee, the Pledgor shall be entitled to exercise any and all voting rights attaching to any and all Collateral owned by it, vote the Pledged Shares and to give consents, waivers or ratifications and ratifications, in respect thereofof the Pledged Shares; PROVIDED, HOWEVER, that no vote shall be cast 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, with or violate any provisions of any of the terms documents or instruments evidencing any of the Obligations or of this Agreement. Until the occurrence of an Event of Default, the Credit Agreement Pledgee shall execute and deliver to the Pledgor such proxies or any of other documents in writing as may be necessary to enable the other Loan DocumentsPledgor to exercise the foregoing rights. All such rights of a the Pledgor to vote and to give consents, waivers and ratifications with respect to all or any part of the Collateral owned by it shall cease if forthwith in case an Event of Default shall have occurred and be continuing ifcontinuing, and without any notice (except as provided in this Section 6) or demand by the Pledgee to the extent that, the Pledgee shall notify the Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the case may be) such part of such CollateralPledgor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Netscout Systems Inc)

AutoNDA by SimpleDocs

VOTING, ETC. WHILE NO NOTICED EVENT OF DEFAULT. Unless and until there shall have occurred and be continuing an a Noticed Event of Default, the each Pledgor shall be entitled to exercise any and all voting rights attaching to any and all Collateral owned by it, and to give consents, waivers or ratifications in respect thereof; PROVIDED, HOWEVER, 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 Protection Agreement or any Other Hedging Agreement (collectively, the "Secured Debt Agreements"), or which would have the effect of impairing the value of the other Loan DocumentsCollateral, 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 with respect to all or any part of the Collateral owned by it shall cease if an in case a Noticed Event of Default shall occur and be continuing if, and to the extent that, the Pledgee Section 7 hereof shall notify the Pledgor in writing of the Pledgee's decision to exercise such rights with respect to all or (as the case may be) such part of such Collateralbecome applicable.

Appears in 1 contract

Samples: Security Agreement (Vestar Capital Partners Iv Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.