Common use of Subsequent Changes Affecting Pledged Collateral Clause in Contracts

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee shall have no obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee may, after the occurrence of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 4 contracts

Samples: Pledge Agreement (Aegis Consumer Funding Group Inc), Pledge Agreement (Aegis Consumer Funding Group Inc), Pledge Agreement (Aegis Consumer Funding Group Inc)

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Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lenders shall have no obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lenders may, after the occurrence of an Event of Default, without notice and at its their option, transfer or register the Pledged Collateral or any part thereof into its their respective or its their respective nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lenders may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Iii Offshore Advisors Et Al), Pledge Agreement (Aegis Consumer Funding Group Inc), Pledge Agreement (Aegis Consumer Funding Group Inc)

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lender shall have no obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 3 contracts

Samples: Pledge Agreement (Aegis Consumer Funding Group Inc), Pledge Agreement (Aegis Consumer Funding Group Inc), Pledge Agreement (Aegis Consumer Funding Group Inc)

Subsequent Changes Affecting Pledged Collateral. The Each Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the each Pledgor agrees that the Indenture Trustee Lender shall have no obligation to inform the any Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence of an Event of Default, without with notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mercury Inc), Pledge Agreement (Mercury Inc)

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividendsrights to distributions, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lender shall have no obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares Membership Interests for certificates or instruments of smaller or larger denominations. 5.

Appears in 1 contract

Samples: Pledge Agreement (KMC Telecom Holdings Inc)

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents represents, warrants and warrants covenants unto Lender that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lender shall not have no any obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence and during the continuance of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's ’s name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Stock Pledge Agreement (Better Choice Co Inc.)

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Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that neither the Indenture Trustee Agent nor any of the Holders of Secured Obligations shall have no any obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Agent may, after the occurrence of an Event of a Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Agent may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations. 5.

Appears in 1 contract

Samples: Pledge Agreement (FTD Corp)

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lender shall have no obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations. 5.

Appears in 1 contract

Samples: Pledge Agreement (KMC Telecom Holdings Inc)

Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants that it the Pledgor has made its own arrangements for keeping itself informed of changes or potential changes affecting the Pledged Collateral (including, but not limited to, the capital structure of the Subject Corporation, rights to convert, rights to subscribe, payment of dividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Indenture Trustee Lender shall not have no any obligation to inform the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Indenture Trustee Lender may, after the occurrence of an Event of Default, without notice and at its option, transfer or register the Pledged Collateral or any part thereof into its or its nominee's name with or without any indication that such Pledged Collateral is subject to the security interest hereunder. In addition, the Indenture Trustee Lender may at any time exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

Appears in 1 contract

Samples: Loan Agreement (Trak Auto Corp)

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