Common use of Before Default Clause in Contracts

Before Default. The Company may, until an Event of Default occurs or -------------- the relevant Securities become registered in the name of the Security Agent or its nominee (whichever is earlier): (i) exercise or cause to be exercised in such manner as the Company may direct any voting or other rights attached to any of the Securities, provided that such voting rights shall not be exercised in any manner which is, in the opinion of the Security Agent, prejudicial to the security intended to be conferred on the Security Agent and the other Finance Parties by this Deed or is in breach of the provisions of this Deed or any other Financing Document to which it is a party or so as to permit any variation of the rights attaching to or conferred by any Securities; and (ii) retain and apply for its own use all dividends, interest and other monies paid in respect of any Securities; and

Before Default. The Company may, until an Event of Default occurs or -------------- the relevant Securities become registered in the name of the Security Agent or its nominee (whichever is earlier): (i) exercise or cause to be exercised in such manner as the Company may direct any voting or other rights attached to any of the Securities, provided that such voting rights shall not be exercised in any manner which is, in the opinion of the Security Agent, prejudicial to the security intended to be conferred on the Security Agent and the other Finance Parties by this Deed or is in breach of the provisions of this Deed or any other Financing Document to which it is a party or so as to permit any variation of the rights attaching to or conferred by any Securities; and (ii) retain and apply for its own use all dividends, interest and other monies paid in respect of any Securities; and