Common use of Retention of Certain Rights Clause in Contracts

Retention of Certain Rights. So long as no Event of Default has occurred and is continuing, the Pledgor reserves the right, and has the right, to exercise all voting and other rights, title and interest with respect to the Collateral (except as limited by the Loan Documents) and, to the extent permitted under the Loan Guarantee Agreement, to receive all income, gains, profits, dividends and other distributions from the Collateral whether non-cash dividends, cash, options, warrants, stock splits, reclassifications, rights, instruments or other investment property or other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such rights and interests.

Appears in 1 contract

Sources: Equity Pledge Agreement (Us Geothermal Inc)

Retention of Certain Rights. So long as no Security Event of Default has occurred and is continuing, the Pledgor reserves the right, and has the right, right to exercise all voting and other rights, title and interest with respect to the Collateral (except as limited by the Loan Financing Documents) and, to the extent permitted under the Loan Guarantee Credit Agreement, to receive all income, gains, profits, dividends and other distributions from the Collateral whether non-cash dividends, cash, options, warrants, stock splits, reclassifications, rights, instruments or other investment property or other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such rights and interests.

Appears in 1 contract

Sources: Pledge and Security Agreement (First United Ethanol LLC)

Retention of Certain Rights. So long as no Security Event of Default has occurred and is continuing, the Pledgor reserves the right, and has the right, right to exercise all voting and other rights, title and interest with respect to the Collateral (except as limited by the Loan Financing Documents) and, to the extent permitted under the Loan Guarantee Credit Agreement, to receive all income, gains, profits, dividends and other distributions from the Collateral whether non-cash dividends, cash, options, warrants, stock splits, reclassifications, rights, instruments or other investment property or other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such rights and interests.

Appears in 1 contract

Sources: Pledge and Security Agreement (First United Ethanol LLC)