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, cash distributions or other distributions reorganization or other exchanges, tender offers and voting rights), and the Pledgor agrees that neither the Agent nor any of the Holders of Secured Obligations shall have 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 Agent may, after the occurrence of a default by the Pledgor hereunder or under the Limited Guaranty ( a "Specified 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 Agent may after the occurrence of a Specified Default exchange certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or larger denominations.

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, cash distributions or other distributions reorganization distributions, reorganizations or other exchanges, tender offers and voting rights), and the each Pledgor agrees that neither the Administrative Agent nor any of the Holders of Secured Obligations Credit Parties shall have any obligation to inform the Pledgor Pledgors of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Subject in all respects to the provisions of the Intercreditor Agreement and applicable law, Administrative Agent may, after the occurrence and during the continuance of a default by the Pledgor hereunder or under the Limited Guaranty ( a "Specified 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, subject in all respects to the provisions of the Intercreditor Agreement and applicable law, Administrative Agent may may, after the occurrence and during the continuance of a Specified Default an Event of Default, exchange certificates or instruments representing or evidencing Pledged Shares Stock, Pledged Membership Interests or Pledged Partnership Interests for certificates or instruments of smaller or larger denominations.

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, cash distributions or other distributions reorganization distributions, reorganizations or other exchanges, tender offers and voting rights), and the each Pledgor agrees that neither the Collateral Agent nor any of the Holders of Secured Obligations Parties shall have any obligation to inform the Pledgor Pledgors of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Subject to the provisions of the Intercreditor Agreement, the Collateral Agent may, after the occurrence and during the continuance of a default by the Pledgor hereunder or under the Limited Guaranty ( a "Specified 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, subject to the provisions of the Intercreditor Agreement, the Collateral Agent may may, after the occurrence and during the continuance of a Specified Default an Event of Default, exchange certificates or instruments representing or evidencing Pledged Shares Interests for certificates or instruments of smaller or larger denominations.

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, cash distributions or other distributions reorganization distributions, reorganizations or other exchanges, tender offers and voting rights), and the each Pledgor agrees that neither the Collateral Agent nor any of the Holders of Secured Obligations shall have any obligation to inform the Pledgor Pledgors of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Subject in all respects to the provisions of the Intercreditor Agreement and applicable law, Collateral Agent may, after the occurrence and during the continuance of a default by the Pledgor hereunder or under the Limited Guaranty ( a "Specified 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, subject in all respects to the provisions of the Intercreditor Agreement and applicable law, Collateral Agent may may, after the occurrence and during the continuance of a Specified Default an Event of Default, exchange certificates or instruments representing or evidencing Pledged Shares Stock, Pledged Membership Interests or Pledged Partnership Interests for certificates or instruments of smaller or larger denominations.

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, cash distributions or other distributions reorganization distributions, reorganizations or other exchanges, tender offers and voting rights), and the each Pledgor agrees that neither the Administrative Agent nor any of the Holders of Secured Obligations other Creditor Parties shall have any obligation to inform the Pledgor Pledgors of any such changes or potential changes or to take any action or omit to take any action with respect thereto. The Subject in all respects to the provisions of the Intercreditor Agreement, the Administrative Agent may, after the occurrence and during the continuance of a default by the Pledgor hereunder or under the Limited Guaranty ( a "Specified 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, subject in all respects to the provisions of the Intercreditor Agreement, the Administrative Agent may may, after the occurrence and during the continuance of a Specified Default an Event of Default, exchange certificates or instruments representing or evidencing Pledged Shares Stock, Pledged Membership Interests or Pledged Partnership Interests for certificates or instruments of smaller or larger denominations.