Retention of Certain Rights. So long as Equitex has not exercised remedies with respect to the Collateral under and in accordance with this Agreement, upon the occurrence and during the continuance of an Event of Default, Chex reserves the right to exercise all voting rights with respect to the Pledged Equity Interests; provided, that no vote shall be cast, right exercised or other action taken which could materially impair the Collateral.
Appears in 2 contracts
Sources: Security Agreement (Equitex Inc), Security Agreement (Seven Ventures Inc)