Common use of Statements; Notices of Adverse Claims Clause in Contracts

Statements; Notices of Adverse Claims. At the Secured Parties' expense and request, to the extent the Custodian has the operational ability to do so, the Custodian agrees to send copies of all statements with respect to the Collateral Account to the Collateral Agent and Administrative Agent. The Custodian is authorized to disclose to the Secured Parties such other information concerning the Collateral Account as each Secured Party may from time to time request; provided, however, that the Custodian shall have no duty or obligation to comply with any such request. Except as otherwise required by law, the Custodian will use reasonable efforts to promptly notify each of the Secured Parties and the Pledgor if the Custodian receives a notice that any other person claims that it has a security or property interest in or lien upon a Collateral Account. The Pledgor and the Administrative Agent shall have thirty (30) days after receipt of a statement of a Collateral Account to notify the Custodian of an error in such statement. The Custodian's liability for any such error is limited in accordance with Section 6 hereof.

Statements; Notices of Adverse Claims. At the Secured Parties' Agent’s expense and request, to the extent the Custodian has the operational ability to do so, the Custodian agrees to send copies of all statements with respect to the Collateral Account Controlled Accounts to the Collateral Agent and Administrative Agent. The Custodian is authorized to disclose to the Secured Parties Agent such other information concerning the Collateral Account Controlled Accounts as each Secured Party the Agent may from time to time request; provided, however, that the Custodian shall have no duty or obligation to comply with any such request. Except as otherwise required by law, the Custodian will use reasonable efforts to promptly notify each of the Secured Parties Agent and the Pledgor Borrower if the Custodian receives a notice that any other person claims that it has a security or property interest in or lien upon a Collateral Controlled Account. The Pledgor Borrower and the Administrative Agent shall have thirty (30) days after receipt of a statement of a Collateral Controlled Account to notify the Custodian of an error in such statement. The Custodian's ’s liability for any such error is limited in accordance with Section 6 hereof.