Common use of Subsequent Changes Affecting Pledged Collateral Clause in Contracts

Subsequent Changes Affecting Pledged Collateral. Each Pledgor represents to the Collateral 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, reorganization or other exchanges, tender offers and voting rights), and each Pledgor agrees that the Collateral 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. Each Pledgor covenants that it will not, except as otherwise permitted by the Credit Agreement, without the prior written consent of the Collateral Agent and the requisite Lenders required by the Credit Agreement, sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or create or permit to exist any Lien or encumbrance upon or with respect to any of the Pledged Collateral.

Subsequent Changes Affecting Pledged Collateral. Each The Pledgor represents to the Collateral Agent that such the Pledgor has made its own arrangements for keeping informed of changes or potential changes affecting the Pledged Collateral (including including, but not limited to, rights to convert, rights to subscribe, payment of dividends, payments of interest and/or principal, reorganization or other exchanges, tender offers and voting rights), and each the Pledgor agrees that the Collateral Agent and the Lenders shall have no responsibility or liability for informing such the Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto. Each The Pledgor covenants that it will not, except as otherwise permitted by the Credit Agreement, without the prior written consent of the Collateral Agent and the requisite Lenders required by the Credit AgreementAgent, sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or create or permit to exist any Lien or encumbrance upon or with respect to any of the Pledged Collateral, except for Permitted Liens (as defined in each of the Loan Agreement and the Financing Agreement).