Subsequent Changes Affecting Pledged Collateral. Pledgor hereby represents to Agent that such Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including rights to convert, rights to subscribe, payment of dividends and distributions, reorganization or other exchanges, tender offers and voting rights), and such Pledgor hereby agrees that Agent shall have no responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Agent may, at any time that an Event of Default exists, at its option and without notice to Pledgor, transfer or register the Pledged Collateral or any portion 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: Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.)
Subsequent Changes Affecting Pledged Collateral. Pledgor hereby represents to Agent that such Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including rights to convert, rights to subscribe, payment of dividends and distributions, reorganization or other exchanges, tender offers and voting rights), and such Pledgor hereby agrees that Agent shall have no responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Agent may, at any time that an Event of Default exists, at its option and without notice to Pledgor, transfer or register the Pledged Collateral or any portion 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: Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.)
Subsequent Changes Affecting Pledged Collateral. Pledgor hereby represents to Agent that such Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including rights to convert, rights to subscribe, payment of dividends and distributions, reorganization or other exchanges, tender offers and voting rights), and such Pledgor hereby agrees that Agent shall have no responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Agent may, at any time that an Event of Default exists, at its option and without notice to Pledgor, transfer or register the Pledged Collateral or any portion 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.
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Subsequent Changes Affecting Pledged Collateral. Pledgor hereby represents to Agent and the other Secured Parties that such Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including rights to convert, rights to subscribe, payment of dividends and distributionsdividends, reorganization or other exchanges, tender offers and voting rights), and such Pledgor hereby agrees that Agent and the other Secured Parties shall have no responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Agent may, at any time that an Event of Default exists, at its option and without notice to Pledgor, transfer or register the Pledged Collateral or any portion thereof into its or its nominee’s name with or without any indication that such Pledged Collateral is subject to the security interest hereunder.
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Samples: Loan and Security Agreement (Texas Market Tire, Inc.)
Subsequent Changes Affecting Pledged Collateral. Pledgor hereby represents to Agent and Lenders that such Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including rights to convert, rights to subscribe, payment of dividends and distributionsdividends, reorganization or other exchanges, tender offers and voting rights), and such Pledgor hereby agrees that Agent and Lenders shall have no responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Agent may, at any time that an Event of Default exists, at its option and without notice to Pledgor, transfer or register the Pledged Collateral or any portion 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.
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