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

Samples: Security Agreement (Air T Inc), Stock Pledge Agreement (Infotech Usa Inc), Securities Pledge Agreement (Tarpon Industries, Inc.)

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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

Samples: 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 it 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 1 contract

Samples: Stock Pledge and Guaranty Agreement (Pacificnet Inc)

Subsequent Changes Affecting Collateral. The Pledgor represents Pledgors represent to the Pledgee Lender that the Pledgor has Pledgors have made its their 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 Pledgors agree that the Pledgee Lender shall have no responsibility or liability for informing the Pledgor Pledgors 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

Samples: Pledge and Security Agreement (Horizon Group Properties Inc)

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Subsequent Changes Affecting Collateral. The Each Pledgor represents to the Pledgee that the such 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 each Pledgor agrees that neither the Pledgee nor any Lender shall have no any responsibility or liability for informing the such 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

Samples: Master Pledge Agreement (Easy Gardener Products LTD)

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