Common use of Subsequent Changes Affecting Collateral Clause in Contracts

Subsequent Changes Affecting Collateral. The Pledgor represents to the Pledgee that the Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Pledgee shall have no responsibility or liability for informing the Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Air T Inc), Stock Pledge Agreement (Infotech Usa Inc), Securities Pledge Agreement (Colonial Commercial Corp)

Subsequent Changes Affecting Collateral. The Pledgor represents to the Pledgee that the Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividendsdividends or distributions, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Pledgee shall have no responsibility or liability for informing the Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto.

Appears in 4 contracts

Sources: Pledge Agreement (Horizon Group Properties Inc), Pledge Agreement (Reschke Michael W), Pledge Agreement (Reschke Michael W)

Subsequent Changes Affecting Collateral. The Pledgor represents to the Pledgee that the Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividendsdividends or distributions, reorganization or other exchanges, tender offers offers, and voting rights), and the Pledgor agrees that the Pledgee shall have no responsibility or liability for informing the Pledgor it of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto.

Appears in 1 contract

Sources: Pledge Agreement

Subsequent Changes Affecting Collateral. The Pledgor represents to --------------------------------------- the Pledgee that the Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividendsdividends or distributions, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Pledgee shall have no responsibility or liability for informing the Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto.

Appears in 1 contract

Sources: Pledge Agreement (Reschke Michael W)