Retention of Certain Rights. So long as Secured Parties have 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, Ventures reserves the right, subject to its obligations under Section 2.6, to exercise all voting rights with respect to the Pledged Equity Interest; 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 (Seven Ventures Inc), Security Agreement (Equitex Inc)