Subsequent Changes Affecting Pledged Collateral. 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 cash distributions or other distributions, reorganization or other exchanges, tender offers and voting rights), and Pledgor agrees that Lender shall not have any obligation to inform Pledgor of any such changes or potential changes or to take any action or omit to take any action with respect thereto. Lender may, during the continuance of an Event of Default, in connection with the exercise of its remedies hereunder, 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 4 contracts
Samples: Pledge Agreement, Pledge Agreement (Air T Inc), Pledge Agreement (Air T Inc)
Subsequent Changes Affecting Pledged Collateral. The Pledgor represents and warrants to the Lender 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, rights to convert, rights to subscribe, payment of cash distributions or other distributionsdividends, reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that the Lender shall not have any obligation to inform no responsibility or liability for informing the Pledgor of any such changes or potential changes or to take for taking any action or omit omitting to take any action with respect thereto. The Lender may, during upon or at any time after the continuance occurrence of an Event of Default, in connection with the exercise of its remedies hereunder, 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: Eleventh Amendment Agreement, Eleventh Amendment Agreement (Qep Co Inc)
Subsequent Changes Affecting Pledged Collateral. 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 cash distributions or other distributions, reorganization or other exchanges, tender offers and voting rights), and Pledgor agrees that Lender shall not have any obligation to inform Pledgor Xxxxxxx of any such changes or potential changes or to take any action or omit to take any action with respect thereto. Lender may, during the continuance of an Event of Default, in connection with the exercise of its remedies hereunder, 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. Section 5.
Appears in 1 contract
Samples: Pledge Agreement (Air T Inc)