Common use of Rights of Pledgor Clause in Contracts

Rights of Pledgor. So long as no Event of Default has occurred and is continuing after the applicable cure period described in Section 11 of the Loan Agreement, if any, and so long as Pledgee has not transferred the Collateral to its own name: (i) Pledgor shall be entitled to receive and retain any cash dividends or cash interest payments paid on the Collateral; and (ii) Pledgor shall be entitled to vote or consent with respect to the Collateral in any manner not inconsistent with this Agreement or the Guarantee. Pledgor hereby grants to Pledgee an irrevocable proxy to vote the Collateral, which proxy shall be effective upon the occurrence and continuation of an Event of Default and upon Pledgee transferring the Collateral to its own name. (iii) Pledgor shall have the right to demand from time to time all or a portion of the Collateral be transferred on Pledgee's behalf to brokers for sale and the application of the net proceeds of such sale to repay Borrower's Obligations under the Loan Agreement. Upon the request of Pledgee, Pledgor agrees to deliver to Pledgee such further evidence of such irrevocable proxy or such further irrevocable proxies to vote the Collateral purported to be owned by Pledgor as Pledgee may request.

Rights of Pledgor. So long as no Event of Default has occurred and is continuing after the applicable cure period described in Section 11 of the Loan Agreement, if anycontinuing, and so long as the Pledgee has not transferred the Collateral to its own namename under Section 8 hereof: (ia) Pledgor shall be entitled to receive and retain any cash dividends or and other cash interest payments distributions paid on the Collateral, in each case, to the extent permitted pursuant to the Credit Agreement; and (iib) Pledgor shall be entitled to vote or consent or grant waivers or ratifications with respect to the Collateral in any manner not inconsistent with this Agreement, the Credit Agreement or the Guaranteeany other Loan Document. Pledgor hereby grants to the Pledgee an irrevocable proxy to vote the Collateral, which proxy shall be effective immediately upon the occurrence and continuation of an Event of Default and upon Pledgee transferring the Collateral to its own name. (iii) Pledgor shall have the right to demand from time to time all or a portion registration of the Collateral be transferred on Pledgee's behalf to brokers for sale and in the application name of the net proceeds of such sale Pledgee pursuant to repay Borrower's Obligations under the Loan AgreementSection 8 hereof. Upon the request of the Pledgee, Pledgor agrees to deliver to the Pledgee such further evidence of such irrevocable proxy or such further irrevocable proxies proxy to vote the Collateral purported to be owned by Pledgor during the continuance of an Event of Default as the Pledgee may reasonably request.

Rights of Pledgor. So long as no Event of Default has occurred and is continuing after the applicable cure period described in Section 11 of the Loan Agreement, if anycontinuing, and so long as the Pledgee has not transferred the Collateral to its own namename under Section 8 hereof: (ia) Pledgor shall be entitled to receive and retain any cash dividends or and other cash interest payments distributions paid on the Collateral, in each case, to the extent permitted pursuant to the Credit Agreement; and (iib) Pledgor shall be entitled to vote or consent or grant waivers or ratifications with respect to the Collateral in any manner not inconsistent with this Agreement, the Credit Agreement or the Guaranteeany other Loan Document. Pledgor hereby grants to the Pledgee an irrevocable proxy to vote the Collateral, which proxy shall be effective immediately upon the occurrence and continuation of an Event of Default and upon Pledgee transferring the Collateral to its own name. (iii) Pledgor shall have the right to demand from time to time all or a portion registration of the Collateral be transferred on Pledgee's behalf to brokers for sale and in the application name of the net proceeds of such sale to repay Borrower's Obligations under the Loan AgreementPledgee. Upon the request of the Pledgee, Pledgor agrees to deliver to the Pledgee such further evidence of such irrevocable proxy or such further irrevocable proxies proxy to vote the Collateral purported to be owned by Pledgor during the continuance of an Event of Default as the Pledgee may reasonably request.