Common use of Subsequent Changes Affecting Pledged Collateral Clause in Contracts

Subsequent Changes Affecting Pledged Collateral. 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each Pledgor agrees that none of the Collateral Agent or any Secured Party shall have any obligation to inform any Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent 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 name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.

Appears in 3 contracts

Samples: Share Pledge Agreement (Citadel L P), Share Pledge Agreement (Best Tone Holdings LTD), Share Pledge Agreement (Mountview Path LTD)

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Subsequent Changes Affecting Pledged Collateral. Each 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each the Pledgor agrees that none of the Collateral Agent or any of the Secured Party Parties shall have any obligation to inform any the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent 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.

Appears in 2 contracts

Samples: Share Pledge Agreement (Fushi International Inc), Pledge Agreement (Golden Autumn Holdings Inc.)

Subsequent Changes Affecting Pledged Collateral. Each 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each the Pledgor agrees that none of the Collateral Agent or any of the Secured Party Parties shall have any obligation to inform any the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent 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 name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Barneys New York Inc), Share Pledge Agreement (Harbin Electric, Inc)

Subsequent Changes Affecting Pledged Collateral. Each Pledgor of the Pledgors 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each such Pledgor agrees that none of the Collateral Administrative Agent or any Secured Party of the Lenders shall have any obligation to inform any such Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Administrative Agent 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 name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Barneys New York Inc)

Subsequent Changes Affecting Pledged Collateral. Each Pledgor of the Pledgors 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each such Pledgor agrees that none of the Collateral Agent or any of the Secured Party Parties shall have any obligation to inform any such Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent 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 name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Barneys New York Inc)

Subsequent Changes Affecting Pledged Collateral. 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each Pledgor agrees that none of the Collateral Agent or any of the Secured Party Parties shall have any obligation to inform any such Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent 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.

Appears in 1 contract

Samples: Share Pledge Agreement (American Dairy Inc)

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Subsequent Changes Affecting Pledged Collateral. Each 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each the Pledgor agrees that none of the Collateral Administrative Agent or any Secured Party of the Lenders shall have any obligation to inform any the Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Administrative Agent 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 name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Barneys New York Inc)

Subsequent Changes Affecting Pledged Collateral. 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 distributionsdividends, cash distributions or other distributions reorganization or other exchanges, tender offers to purchase and voting rights), and each Pledgor agrees that none neither the Agent nor any of the Collateral Agent or any Holders of Secured Party Obligations shall have any obligation to inform any Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent may, after the occurrence and during the continuance 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.

Appears in 1 contract

Samples: Consent Agreement (SCP Pool Corp)

Subsequent Changes Affecting Pledged Collateral. 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 distributions, reorganization or other exchanges, offers to purchase and voting rights), and each Pledgor agrees that none of the Collateral Agent or any of the Secured Party Parties shall have any obligation to inform any such Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Collateral Agent may, after the occurrence and during the continuance of an a Qualified 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.

Appears in 1 contract

Samples: Share Pledge Agreement (American Dairy Inc)

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