Common use of Assumption of Rights, Not Assumption of Duties Clause in Contracts

Assumption of Rights, Not Assumption of Duties. Notwithstanding anything to the contrary contained herein, (a) each of the parties thereto shall remain liable under each of the Security Documents (other than this Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had not be executed, (b) the exercise by the Collateral Trustee of any of its rights, remedies or powers hereunder shall not release such parties from any of their respective duties or obligations under the other Security Documents and (c) the Collateral Trustee shall not be obligated to perform any of the obligations or duties of any of the parties thereunder other than the Collateral Trustee.

Appears in 3 contracts

Samples: Collateral Trust Agreement (GenOn Energy, Inc.), Collateral Trust Agreement (NRG Energy, Inc.), Collateral Trust Agreement (NRG Energy Inc)

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Assumption of Rights, Not Assumption of Duties. Notwithstanding anything Anything herein contained to the contrary contained hereinnotwithstanding, (a) each of the parties thereto shall remain liable under each of the Security Documents (other than this Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had not be executed, (b) the exercise by the Collateral Trustee of any of its rights, remedies or powers hereunder shall not release such parties from any of their respective duties or obligations under the other Security Documents and (c) the Collateral Trustee shall not be obligated to perform any of the obligations or duties of any of the parties thereunder other than the Collateral Trusteethereunder.

Appears in 1 contract

Samples: Collateral Trust Agreement (Calpine Corp)

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Assumption of Rights, Not Assumption of Duties. Notwithstanding anything to the contrary contained herein, : (a) each of the parties thereto shall will remain liable under each of the Security Documents (other than this Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had not be bebeen executed, ; (b) the exercise by the Collateral Trustee of any of its rights, remedies or powers hereunder shall will not release such parties from any of their respective duties or obligations under the other Security Documents Documents; and (c) the Collateral Trustee shall will not be obligated to perform any of the obligations or duties of any of the parties thereunder to the Security Documents other than the Collateral Trustee.. Section 6.14

Appears in 1 contract

Samples: Collateral Trust Agreement (Altera Infrastructure L.P.)

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