Common use of 4Limitations Clause in Contracts

4Limitations. The Lien on Collateral granted hereunder and under the other Loan Documents is given as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral. In no event shall any Obligor’s grant of a Lien under any Loan Document secure its Excluded Swap Obligations.

Appears in 3 contracts

Samples: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc), Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc), Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)

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4Limitations. The Lien on Collateral granted hereunder and under the other any Loan Documents Document is given as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral. In no event shall any Obligor’s grant of a Lien under any Loan Document secure its Excluded Swap Obligations.

Appears in 1 contract

Samples: Loan Agreement and Forbearance Agreement (School Specialty Inc)

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4Limitations. The Lien on Collateral granted hereunder and under the other any Loan Documents Document is given as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral. In no event shall any Obligor’s the grant of a any Lien under any Loan Document secure its an Excluded Swap ObligationsObligation of the granting Obligor.

Appears in 1 contract

Samples: Loan Agreement and Forbearance Agreement (School Specialty Inc)

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