Common use of Knowledge in Collateral Manager's Possession Clause in Contracts

Knowledge in Collateral Manager's Possession. The Issuer acknowledges that (i) certain employees of the Collateral Manager and its Affiliates may possess information relating to certain borrowers or issuers that have issued obligations included in the Collateral Obligations, that is not known to employees of the Collateral Manager who are responsible for monitoring the Collateral Obligations and performing the other obligations of the Collateral Manager hereunder and (ii) because the Collateral Manager and/or its Affiliates may trade in the public equity or debt securities of certain borrowers or issuers that have issued obligations included in the Collateral Obligations and receipt of material non-public information with respect to any such borrower or issuer could have adverse consequences with respect to the Collateral Manager's or its Affiliates' other managed accounts, the Collateral Manager may refuse to receive, or may be restricted from receiving, material non-public information with respect to any issuer. The Collateral Manager will be required to act hereunder with respect to any information within its possession only if such information was known to those employees of the Collateral Manager responsible for performing the obligations of the Collateral Manager hereunder in accordance with applicable confidentiality requirements, and only to the extent not prohibited by applicable law or the Collateral Manager's internal policies and procedures.