Rights of the Pledgor. For so long as the Sellers have not demanded payment against the Pledgor in respect of the Secured Obligations, the Pledgor shall be entitled to receive, retain or dispose of the interest paid in respect of the Pledged Note and shall have the right to exercise any consent rights of the promisee in respect of the Pledged Note.
Appears in 3 contracts
Sources: Pledge and Security Agreement (Fintech Telecom, LLC), Pledge and Security Agreement (Telecom Italia S P A), Pledge and Security Agreement (Telecom Italia S P A)