Common use of Action by Secured Party Clause in Contracts

Action by Secured Party. If the Secured Party shall take any action, including any waiver, under this Pledge Agreement, the action of the Secured Party shall be determined by the written consent of the holders of a majority of the dollar amount of the Debentures then outstanding.

Appears in 2 contracts

Sources: Pledge Agreement (Bullion River Gold Corp), Securities Purchase Agreement (Bullion River Gold Corp)