Common use of Subsequent Changes Affecting Collateral Clause in Contracts

Subsequent Changes Affecting Collateral. The Pledgors represent to the Collateral Agent that they have made 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 interest or other distributions, reorganization or other exchanges, tender offers and voting rights), and the Pledgors agree that the Collateral Agent shall have no responsibility or liability for informing the Pledgors of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto.

Appears in 2 contracts

Samples: Pledge and Collateral Agency Agreement (Colombia Energy Resources, Inc.), Pledge and Collateral Agency Agreement (Colombia Clean Power & Fuels, Inc)

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Subsequent Changes Affecting Collateral. The Pledgors represent Pledgor represents to the Collateral Agent that they have the Pledgor has made their 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 interest or other distributionsdividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgors agree Pledgor agrees that the Collateral Agent shall have no responsibility or liability for informing the Pledgors 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: Securities Pledge Agreement (Medical Technology Systems Inc /De/)

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Subsequent Changes Affecting Collateral. The Pledgors represent Pledgor represents to the Collateral Agent that they have the Pledgor has made their 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 interest or other distributionsdividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgors agree Pledgor agrees that the Collateral Agent shall have no responsibility or liability for informing the Pledgors 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: Securities Pledge Agreement (Medical Technology Systems Inc /De/)

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