Common use of Non-Reliance on Collateral Agent Clause in Contracts

Non-Reliance on Collateral Agent. The Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities of this Agreement, the Purchase Contract Agreement, the Securities or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of Securities. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their affiliates) that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 21 contracts

Samples: Pledge Agreement (Comcast Cable Trust Iii), Form of Pledge Agreement (Ferro Corp), Pledge Agreement (Forest City Enterprises Inc)

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Non-Reliance on Collateral Agent. The Neither the Securities Intermediary nor the Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities of this Agreement, the Purchase Contract Agreement, the Securities or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of Securities. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their respective affiliates) that may come into the possession of the Collateral Agent or the Securities Intermediary or any of its their respective affiliates.

Appears in 9 contracts

Samples: Pledge Agreement (K N Capital Trust Iii), Pledge Agreement (Ingersoll Rand Co), Pledge Agreement (Conseco Financing Trust Vii)

Non-Reliance on Collateral Agent. The Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Unit Agent or any Holder of Securities Units of this Agreement, the Purchase Contract Master Unit Agreement, the Securities Call Option Agreement, the Units or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Unit Agent or any Holder of SecuritiesUnits. The Collateral Agent shall not have any duty or responsibility to provide the Company or the Call Option Holder with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Unit Agent or any Holder of Securities (or any of their affiliates) Units that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 8 contracts

Samples: Pledge Agreement (Ati Financing Ii), Pledge Agreement (Monsanto Co), Pledge Agreement (Life Re Capital Trust Ii)

Non-Reliance on Collateral Agent. The Collateral Agent shall -------------------------------- not be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities of this Agreement, the Purchase Contract Agreement, the Securities or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of Securities. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their affiliates) that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 2 contracts

Samples: Pledge Agreement (Alco Standard Corp), Pledge Agreement (Monsanto Co)

Non-Reliance on Collateral Agent. The Collateral Agent shall not be -------------------------------- required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities of this Agreement, the Purchase Contract Agreement, the Securities or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of Securities. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their affiliates) that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 1 contract

Samples: Pledge Agreement (Household International Inc)

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Non-Reliance on Collateral Agent. The Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities of this Agreement, the Purchase Contract Agreement, the Securities or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of Securities. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their respective affiliates) that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 1 contract

Samples: Pledge Agreement (MCN Financing Iv)

Non-Reliance on Collateral Agent. The Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of Securities Units of this Agreement, the Purchase Contract Agreement, the Securities Units or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder of SecuritiesUnits. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder of Securities (or any of their affiliates) Units that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 1 contract

Samples: Pledge Agreement (Seagram Co LTD)

Non-Reliance on Collateral Agent. The Collateral Agent shall not be required to keep itself informed as to the performance or observance by the Purchase Contract Unit Agent or any Holder of Securities Units of this Agreement, the Purchase Contract Master Unit Agreement, the Securities Units or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Unit Agent or any Holder of SecuritiesUnits. The Collateral Agent shall not have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Unit Agent or any Holder of Securities (or any of their affiliates) Units that may come into the possession of the Collateral Agent or any of its affiliates.

Appears in 1 contract

Samples: Pledge Agreement (Seagram Co LTD)

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