Common use of Notice of Registration or Endorsement Clause in Contracts

Notice of Registration or Endorsement. The Securities Intermediary agrees that it shall promptly notify the Agent and the Borrower in writing after becoming aware (using reasonable care) that any financial asset pledged to the Account is registered or endorsed in contravention of Section 1(b); provided, however, that the Securities Intermediary shall have no liability hereunder for the failure to deliver such notice except to the extent such failure results from its gross negligence or willful misconduct.

Notice of Registration or Endorsement. The Securities Intermediary agrees that it shall promptly notify the Program Agent and the Borrower in writing after becoming aware (using reasonable care) that any financial asset pledged to the Account which constitutes Pledged Collateral is registered or endorsed in contravention of Section 1(b3(b); provided, however, that the Securities Intermediary shall have no liability hereunder for the failure to deliver such notice except to the extent such failure results from its gross negligence negligence, lack of good faith or willful misconduct.

Notice of Registration or Endorsement. The Securities Intermediary agrees that it shall promptly notify the Agent and the Borrower in writing after becoming aware (using reasonable care) that any financial asset pledged to the Account which constitutes Assigned Collateral is registered or endorsed in contravention of Section 1(bSECTION 3(B); providedPROVIDED, howeverHOWEVER, that the Securities Intermediary shall have no liability hereunder for the failure to deliver such notice except to the extent such failure results from its gross negligence or willful misconduct.

Notice of Registration or Endorsement. The Securities Intermediary agrees that it shall promptly notify the Administrative Agent and the Borrower in writing after becoming aware (using reasonable care) that any financial asset pledged to the Account which constitutes Pledged Collateral is registered or endorsed in contravention of Section 1(b3(b); provided, however, that the Securities Intermediary shall have no liability hereunder for the failure to deliver such notice except to the extent such failure results from its gross negligence negligence, lack of good faith or willful misconduct.

Notice of Registration or Endorsement. The Securities Intermediary agrees that it shall promptly notify the Program Agent and the Borrower in writing after becoming aware (using reasonable carecare ) that any financial asset pledged to the Account which constitutes Pledged Collateral is registered or endorsed in contravention of Section 1(b3(b); provided, however, that the Securities Intermediary shall have no liability hereunder for the failure to deliver such notice except to the extent such failure results from its gross negligence negligence, lack of good faith or willful misconduct.