Common use of Information concerning the Obligors Clause in Contracts

Information concerning the Obligors. (a) Each Pledgor represents and warrants to the Security Agent and the other Finance Parties that such Pledgor is affiliated with each Obligor or is otherwise in a position to have access to all relevant information bearing on the present and continuing creditworthiness of each Obligor and the risk that any Obligor will be unable to pay the Secured Liabilities when due. (b) Each Pledgor waives any requirement that the Security Agent or the other Finance Parties advise such Pledgor of information known to the Security Agent or any other Finance Party regarding the financial condition or business of any Obligor, or any other circumstance bearing on the risk of non-performance of the Secured Liabilities. (c) Each Pledgor assumes sole responsibility for keeping itself informed of the financial condition and business of each Obligor.

Appears in 1 contract

Samples: Pledge Agreement (Iridium Communications Inc.)

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Information concerning the Obligors. (a) Each Pledgor represents and warrants to the Security Agent Trustee and the other Finance Parties that such Pledgor is affiliated with each other Obligor or is otherwise in a position to have access to all relevant information bearing on the present and continuing creditworthiness of each other Obligor and the risk that any other Obligor will be unable to pay the Secured Liabilities when due. (b) Each Pledgor waives any requirement that the Security Agent Trustee or the other Finance Parties advise such Pledgor of information known to the Security Agent Trustee or any other Finance Party regarding the financial condition or business of any Obligor, or any other circumstance bearing on the risk of non-performance of the Secured Liabilities. (c) Each Pledgor assumes sole responsibility for keeping itself informed of the financial condition and business of each other Obligor.

Appears in 1 contract

Samples: Pledge Agreement (Eagle Bulk Shipping Inc.)

Information concerning the Obligors. (a) Each The Pledgor represents and warrants to the Security Agent and the other Finance Parties that such the Pledgor is affiliated with each Obligor or is otherwise in a position to have access to all relevant information bearing on the present and continuing creditworthiness of each Obligor and the risk that any Obligor will be unable to pay the Secured Liabilities when due. (b) Each The Pledgor waives any requirement that the Security Agent or the other Finance Parties advise such the Pledgor of information known to the Security Agent or any other Finance Party regarding the financial condition or business of any Obligor, or any other circumstance bearing on the risk of non-performance of the Secured Liabilities. (c) Each The Pledgor assumes sole responsibility for keeping itself informed of the financial condition and business of each Obligor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Iridium Communications Inc.)

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Information concerning the Obligors. (a) Each The Pledgor represents and warrants to the Security Collateral Agent and the other Finance Parties that such the Pledgor is affiliated with each Obligor or is otherwise in a position to have access to all relevant information bearing on the present and continuing creditworthiness of each Obligor and the risk that any Obligor will be unable to pay the Secured Liabilities when due. (b) Each The Pledgor waives any requirement that the Security Collateral Agent or the other Finance Parties advise such the Pledgor of information known to the Security Collateral Agent or any other Finance Party regarding the financial condition or business of any Obligor, or any other circumstance bearing on the risk of non-performance of the Secured Liabilities. (c) Each The Pledgor assumes sole responsibility for keeping itself informed of the financial condition and business of each Obligor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Borse Dubai LTD)

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