Common use of RESPONSIBILITY OF THE PLEDGEE Clause in Contracts

RESPONSIBILITY OF THE PLEDGEE. The Pledgee shall not be responsible to any Noteholder for: (i) the adequacy, accuracy or completeness of any recitals, statements, representations or warranties contained in this Agreement; (ii) the adequacy, accuracy or completeness of any statement or information (whether written or oral) made in or supplied in connection with this Agreement; or (iii) the legality, validity, effectiveness, adequacy or enforceability of this Agreement.

Appears in 4 contracts

Samples: Commercial Receivables Pledge Agreement (Solutia Inc), Floating Charge Agreement (Solutia Inc), Commercial Share Pledge Agreement (Solutia Inc)

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RESPONSIBILITY OF THE PLEDGEE. 17.1. The Pledgee shall not be responsible to any Noteholder for: (ia) the adequacy, accuracy or completeness of any recitals, statements, representations or warranties contained in this Agreementany Subsidiary Guaranty or Collateral Document; (iib) the adequacy, accuracy or completeness of any statement or information (whether written or oral) made in or supplied in connection with this Agreementany Subsidiary Guaranty or Collateral Document; or (iii) the legality, validity, effectiveness, adequacy or enforceability of this Agreement.

Appears in 2 contracts

Samples: Trademark Pledge Agreement (Solutia Inc), Trademark Pledge Agreement (Solutia Inc)

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