Rights of the Pledgor. Until the occurrence of an Event of Default which is continuing, the Pledgor is entitled to: (i) the Collateral and to receive all dividends and distributions on the Collateral; and (ii) in the Pledgor’s sole discretion, direct the Lender to redeem the Collateral in accordance with Section 37.6 and 37.7 of the Articles in full satisfaction of the Secured Obligations contemplated hereby.
Appears in 2 contracts
Sources: Limited Recourse Securities Pledge Agreement (Canada Goose Holdings Inc.), Limited Recourse Securities Pledge Agreement (Canada Goose Holdings Inc.)