Limitations on Extreme's Right. to Lower the Collateral ------------------------------------------------------ Percentage. Notwithstanding the foregoing, no designation by Extreme of a new ---------- Collateral Percentage will be effective to reduce the Collateral Percentage if the designation is given, or the reduction would otherwise become effective, on or after the Designated Sale Date or when any of the following shall have occurred and be continuing:
Appears in 2 contracts
Sources: Pledge Agreement (Extreme Networks Inc), Pledge Agreement (Extreme Networks Inc)