Rights Prior to Default. Unless or until an “Event of Default” (as defined in Section 6 hereof) shall occur and be continuing, the Assignor shall have the right and license to collect, at the time (but in no event more than 30 days in advance) provided for the payment thereof, all rents, issues, income and profits assigned hereunder, and to retain, use and enjoy the same. Upon the occurrence of an Event of Default, the Assignor’s right and license to collect such rents, issues, income and profits shall immediately terminate without further notice thereof to the Assignor. The Assignee shall have the right to notify the tenants under the Leases of the existence of this Assignment at any time.
Rights Prior to Default. Other than during the existence of an Event of Default:
Rights Prior to Default. So long as no Event of Default, and no Default under Section 9.01(f) of the Credit Agreement, shall have occurred and be continuing:
Rights Prior to Default. For so long as no Event of Default (defined herein) has occurred and is continuing, I shall be entitled to (a) have and exercise all voting and consensual rights and powers pertaining to the Shares or any other securities included in the Collateral, (b) receive any and all Ordinary Dividends with respect to the Shares free and clear of this pledge, and (c) direct that any other cash held in the Account be applied to payment of the Secured Obligations. "Ordinary Dividend" means any regular periodic dividend paid on the Shares or other securities included in the Collateral that, together with all other such dividends paid within the then-preceding 12 months, does not exceed 6% of the then fair market value of the securities on which such dividend is paid. If necessary and I so request, you shall issue appropriate instructions to WSI as to my voting and consensual rights and rights to receive Ordinary Dividends and apply payments to the Secured Obligations as provided in this paragraph. Upon the occurrence and during the continuation of any Event of Default, the foregoing rights shall terminate, and you shall be entitled to have and exercise all such voting and consensual rights and to retain all such Ordinary Dividends as part of the Collateral hereunder.
Rights Prior to Default. Until an Event of Default, the Borrower may have possession of the Collateral and use it in any lawful manner not inconsistent with this Amended and Restated Security Agreement, the December or September Loan Agreement or any other Loan Documents or the September Loan Documentation, and not inconsistent with any policy of insurance thereon.
Rights Prior to Default. So long as no Default or Event of Default exists and Secured Party shall not have given written notice to any Pledgor or any Company of its intention to foreclose upon or otherwise dispose of all or any part of the Collateral, or to exercise its voting rights pertaining to the Pledge Equity Interests, Pledgors shall be entitled to exercise any and all voting and/or consensual rights and powers relating or pertaining to the Pledge Equity Interests or any part thereof for any purpose not inconsistent with the terms of this Agreement.
Rights Prior to Default. So long as no Event of Default exists and Pledgee shall not have given written notice to Pledgor or the Partnership of its intention to foreclose upon or otherwise dispose of all or any part of the Collateral, or to exercise its voting rights pertaining to the Pledged Partnership Interests, Pledgor shall be entitled to exercise any and all voting and/or consensual rights and powers relating or pertaining to the Pledged Partnership Interests or any part thereof for any purpose not inconsistent with the terms of this Agreement.
Rights Prior to Default. Unless Resident is in default under this Agreement, Resident shall be entitled to vote the share represented by the certificate and to exercise all other rights relative to Cooperative stock, including the right to quiet enjoyment and occupancy of the Unit. Any lender holding a mortgage on Cooperative’s assets will agree to recognize Resident’s right to occupancy of the Unit so long as Resident is not in default under this Agreement.
Rights Prior to Default. Unless and until there has occurred an Event of Default and such Event of Default is continuing, Pledgor shall have the right to exercise any and all voting, consensual and other powers of ownership pertaining to the Pledged Shares.
Rights Prior to Default. So long as no Event of Default shall ----------------------- have occurred and be continuing:
