Common use of Absent an Event of Default Clause in Contracts

Absent an Event of Default. So long as no Event of Default occurs and is continuing and until such time as Debtor shall have received a written election from the Administrative Agent pursuant to Section 7.1.2 below: (i) Debtor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Equity or any part thereof; provided that no vote shall be cast or any consent given which would result in a breach of any covenant contained in any of the Loan Documents; and (ii) Debtor shall be entitled to receive and retain any and all dividends, payments, distributions and interest paid in respect of the Pledged Equity and Pledged Debt to the extent and in the manner not constituting a breach of the Credit Agreement or consented to in a writing signed by the Required Lenders after the Effective Date.

Absent an Event of Default. So long as no Event of Default occurs and is continuing and until such time as Debtor shall have received a written election from the Administrative Agent pursuant to Section 7.1.2 7.1.2. below: (i) Debtor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Equity or any part thereof; provided that no vote shall be cast or any consent given which would result in a breach of any covenant contained in any of the Loan Documents; and (ii) Debtor shall be entitled to receive and retain any and all dividends, payments, distributions and interest paid in respect of the Pledged Equity and Pledged Debt to the extent and in the manner not constituting a breach of the Credit Agreement or consented to in a writing signed by the Required Lenders after the Effective Date.