Exercise of Rights in Pledged Securities and other Investment Property. Such Grantor will permit the Collateral Trustee or its nominee (or, if applicable, its agent for perfection pursuant to Section 8.21.2 hereof) at any time when a Notice of Acceleration is in effect, with prior notice to such Grantor, to exercise or refrain from exercising any and all voting and other consensual rights pertaining to Investment Property that is included in the Collateral and owned by such Grantor or any part thereof, and to receive all dividends and interest in respect of such Collateral.
Appears in 2 contracts
Sources: Pledge and Security Agreement, Pledge and Security Agreement (YRC Worldwide Inc.)