Common use of Subsequent Changes Affecting Collateral Clause in Contracts

Subsequent Changes Affecting Collateral. Pledgor acknowledges that it has made its own arrangements for keeping informed of changes or potential changes affecting the Collateral including, but not limited to, conversions, subscriptions, exchanges, reorganizations, dividends, tender offers, mergers, consolidations, maturity of bonds or other financial assets and shareholder meetings. Pledgor agrees that the Bank has no responsibility to inform Pledgor of such matters or to take any action with respect thereto even if any of the Collateral has been registered in the name of the Bank or its agent or nominee.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Financial Institutions Inc), Revolving Credit Agreement (Financial Institutions Inc), Credit Agreement (Financial Institutions Inc)

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Subsequent Changes Affecting Collateral. Pledgor acknowledges that it has made its own arrangements for keeping informed of changes or potential changes affecting the Collateral including, but not limited to, conversions, subscriptions, exchanges, reorganizations, dividends, tender offers, mergers, consolidations, maturity of bonds or other financial assets and shareholder meetings. Pledgor Xxxxxxx agrees that the Bank has no responsibility to inform Pledgor of such matters or to take any action with respect thereto even if any of the Collateral has been registered in the name of the Bank or its agent or nominee.

Appears in 1 contract

Samples: Laukien Frank H

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Subsequent Changes Affecting Collateral. Pledgor acknowledges that it he has made its his own arrangements for keeping informed of changes or potential changes affecting the Collateral (including, but not limited to, conversions, subscriptions, exchanges, reorganizations, dividends, tender offersoffer, mergers, consolidations, maturity of bonds or other financial assets consolidations and shareholder meetings. ) and Pledgor agrees that the Bank Lender has no responsibility to inform Pledgor him of such matters or to take any action with respect thereto even if any of the Collateral has been registered in the name of the Bank Lender or its agent or nominee.

Appears in 1 contract

Samples: Investment Property Security Agreement (Fountain Powerboat Industries Inc)

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