Common use of Prior to Maturity Clause in Contracts

Prior to Maturity. So long as no Default or Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, -------- however, that no vote shall be cast or consent, waiver or ratification given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement or any of the other Loan Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (Medallion Financial Corp)

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Prior to Maturity. So long as no Default or Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, -------- however, that no vote shall be cast or consent, waiver or ratification given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement Note Agreements, or any of the other Loan Note Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (Medallion Financial Corp)

Prior to Maturity. So long as no Default ------------------------------------------ or Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, -------- however, that no vote shall be cast or consent, waiver or ratification -------- ------- given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders Banks impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement or any of the other Loan Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (Medallion Financial Corp)

Prior to Maturity. So long as no Default or Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, -------- however, that no vote shall be cast or consent, waiver or ratification given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders Majority Banks impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement Credit Agreement, the Notes or any of the other Loan Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (CMG Information Services Inc)

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Prior to Maturity. So long as no Default or ------------------------------------------ Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; provided, -------- however, that no vote shall be cast or consent, waiver or ratification -------- ------- given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders Banks impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement or any of the other Loan Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (Medallion Financial Corp)

Prior to Maturity. So long as no Default or Event of ------------------------------------------ Default shall have occurred and be continuing, the Company shall be entitled to receive all cash dividends paid in respect of the Stock, to vote the Stock and to give consents, waivers and ratifications in respect of the Stock; providedPROVIDED, -------- howeverHOWEVER, that no vote shall be cast or consent, waiver or ratification given by ------- the Company if the effect thereof would in the reasonable judgment of the Required Holders Majority Banks impair any of the Stock Collateral or be inconsistent with or result in any violation of any of the provisions of the Loan Agreement Credit Agreement, the Notes or any of the other Loan Transaction Documents. All such rights of the Company to receive cash dividends shall cease in case a Default or an Event of Default shall have occurred and be continuing. All such rights of the Company to vote and give consents, waivers and ratifications with respect to the Stock shall, at the Collateral Agent's option, as evidenced by the Collateral Agent's notifying the Company of such election, cease in case a Default or an Event of Default shall have occurred and be continuing.

Appears in 1 contract

Samples: Stock Pledge Agreement (Hadco Acquisition Corp Ii)

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