Voting Rights; Cash Dividends. Notwithstanding anything to the contrary contained herein, during the term of this Pledge Agreement until such time as there exists a default in the payment of principal or interest on the Note or any other default under the Note or hereunder, Pledgor shall be entitled to all voting rights with respect to the Pledged Shares and shall be entitled to receive all cash dividends paid in respect of the Pledged Shares. Upon the occurrence of and during the continuance of any such default, Pledgor shall no longer be able to vote the Pledged Shares and the Company shall retain all such cash dividends payable on the Pledged Shares as additional security hereunder.
Voting Rights; Cash Dividends. Notwithstanding anything to the contrary contained herein, during the term of this Pledge Agreement until such time as there exists a default in the payment of principal or interest on the Note or any other default under the Note, Pledgor shall be entitled to all voting rights with respect to the Pledged Shares and shall be entitled to receive all cash dividends paid in respect of the Pledged Shares. Upon the occurrence of and during the continuance of any such default, the Company shall retain all such cash dividends payable on the Pledged Shares as additional security hereunder.
Voting Rights; Cash Dividends. Notwithstanding anything to the ------ ------ ---- --------- contrary contained herein, during the term of this Pledge Agreement until such time as there exists a default in the payment of principal or interest on the Note or any other default under the Note or hereunder, Pledgor shall be entitled to all voting rights with respect to the Pledged Shares. Upon the occurrence of and during the continuance of any such default, Pledgor shall no longer be able to vote the Pledged Shares. Any cash dividends declared and paid with respect to the Pledged Shares shall be payable directly to the Company and shall be applied to reduce the outstanding principal amount (and any interest thereon) of the Note, and any cash dividends paid to Promisor with respect to the Pledged Shares will be promptly remitted to the Company and shall be applied to reduce the outstanding principal amount (and any interest thereon) of the Note.
Voting Rights; Cash Dividends. Notwithstanding anything to the contrary contained herein, during the term of this Pledge Agreement until such time as there exists a default in the payment of principal or interest on either of the Notes or any other default under either of the Notes or hereunder, Pledgor shall be entitled to all voting rights with respect to the Pledged Securities and shall be entitled to receive all cash dividends paid in respect of the Pledged Securities. Upon the occurrence of and during the continuance of any such default, Pledgor shall no longer be able to vote the Pledged Securities and the Agent shall retain all such cash dividends payable on the Pledged Securities as additional security hereunder.
Voting Rights; Cash Dividends. Notwithstanding any contrary provision of this Pledge Agreement, as long as Pledgor is the owner of the Stock, Pledgor shall be entitled to all voting rights with respect to the Collateral and shall be entitled to receive all cash payments, dividends or distributions paid in respect of the Collateral, subject to Sections 1 and 5 of this Agreement.
Voting Rights; Cash Dividends. Unless Parent fails to pay when due the full amount of the Principal Amount and the interest then accrued thereon, Pledgor shall be entitled to all voting rights with respect to the Pledged Securities and shall be entitled to receive all cash dividends and other cash distributions, if any, paid in respect of the Pledged Securities. Upon the occurrence of and during the continuance of any such payment default, Pledgor shall no longer be able to vote the Pledged Securities and Pledgee shall retain all such cash dividends payable on the Pledged Securities as additional security hereunder.
Voting Rights; Cash Dividends. Until such time as an Event of Default occurs, Pledgor shall have all voting rights, but shall have no right to receive cash dividends or distributions with respect to the Pledged Securities.
Voting Rights; Cash Dividends. Notwithstanding anything to the contrary ----------------------------- contained herein, during the term of this Pledge Agreement and until such time as there exists a material default under the Executive Note, the Executive shall be entitled to all voting rights with respect to the Pledged Shares, and shall be entitled to receive all cash dividends paid in respect of the Pledged Shares. Upon the occurrence of, and during the continuance of, any such default, the Company shall retain all such cash dividends payable on the Pledged Shares as additional security hereunder.
Voting Rights; Cash Dividends. Notwithstanding anything to the contrary contained herein, during the term of this Agreement until such time as there exists an Event of Default (as defined below), Holdings is entitled to all voting rights with respect to the Pledged Shares and is entitled to receive all cash dividends declared or paid in respect of the Pledged Shares; provided that no vote shall be cast or any consent, waiver or ratification given or any action taken which would, in any material respect, violate or be inconsistent with any of the terms of this Agreement, or the Notes, or which would have the effect of impairing, in any material respect, the position or interests of SEPR. If an Event of Default shall occur and be continuing, all rights of Holdings to vote and to give consents, waivers and ratifications shall cease and SEPR shall have all such rights. In accepting the pledge of the Pledged Shares hereunder, SEPR agrees to abide by and honor all of the terms and provisions of the Pledged Shares, including all such terms and provisions set forth in the Corporation's Certificate of Amendment of the Certificate of Incorporation, dated October 4, 2000.
Voting Rights; Cash Dividends. Upon execution of this Second ----------------------------- Restated Securities Pledge Agreement, Pledgor shall deliver to Xxxxxxx Xxxxxxx Aldunate ("Xx. Xxxxxxx") an irrevocable proxy to vote the Pledged Securities in the form of Exhibit A to this Agreement; provided, however, so long as no default exists in the payment of principal or interest on any Replacement Note, Pledgor shall be entitled to exercise all voting rights with respect to the Pledged Securities. All dividends or other distributions with respect to any Pledged Securities in the form of cash or cash equivalents shall be retained by or otherwise immediately remitted to Pledgee for application to the Note as provided therein.
