Common use of Voting before Enforcement Clause in Contracts

Voting before Enforcement. Subject to Clause 4.3 (Voting after Enforcement), the Pledgor shall be entitled to exercise the voting rights attached to any Share as it sees fit where: 4.2.1 it does so for a purpose not inconsistent with the Facility Agreement; and 4.2.2 the exercise of or failure to exercise those rights would not have an adverse effect on the value of the relevant Shares or the Pledged Assets and would not otherwise prejudice the interests of the Lender under the Facility Agreement.

Appears in 1 contract

Sources: Share Pledge Agreement (Millicom International Cellular Sa)

Voting before Enforcement. Subject to Clause 4.3 (Voting after Enforcement), the Pledgor shall be entitled to exercise the voting rights attached to any Share as it sees fit where:: -------------------------------------------------------------------------------- A03313412/1.0/05 Aug 2003 4.2.1 it does so for a purpose not inconsistent with the Facility AgreementAgreements; and 4.2.2 the exercise of or failure to exercise those rights would not have an adverse effect or the failure to exercise would have an adverse effect on the value of the relevant Shares or the Pledged Assets and would not otherwise prejudice the interests of the Lender (as defined in the Facility Agreements) under the Facility AgreementAgreements.

Appears in 1 contract

Sources: Share Pledge Agreement (Millicom International Cellular Sa)