Common use of Borrower Remains Liable Clause in Contracts

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1) the Borrower shall remain liable under the contracts and agreements included in the collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; (2) the exercise by the Lender of any rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3) the Lender shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Orange Productions Inc), Security Agreement (Cuidao Holding Corp)

AutoNDA by SimpleDocs

Borrower Remains Liable. Anything herein to the contrary notwithstanding, : (1a) the each Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excludedexecuted; (2b) the exercise by the Lender Agent of any of the rights granted hereunder shall not release the any Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3c) the Lender Agent shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Agent be obligated to perform any of the obligations or duties of the any Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender Secured Party of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; , and (3c) the Lender Secured Party shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Secured Party be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Visual Data Corp)

Borrower Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstanding, contained in this Agreement: (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral to the extent set forth therein Collateral and obligated to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender of any of its rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; , and (3c) the Lender shall not have any no obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (United Development Funding III, LP)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender Group of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; Collateral and (3c) the Lender Group shall not have any no obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Group be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Loan Agreement (Naturade Inc)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, : (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excludedexecuted; (2b) the exercise by the Lender Lenders of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3c) the Lender Lenders shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Lenders be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Valuestar Corp)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, : (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excludedexecuted; (2b) the exercise by the Lender Agent of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3c) the Lender Agent shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Agent be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Protection One Alarm Monitoring Inc)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender Secured Parties of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; , and (3c) the Lender Secured Parties shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Secured Parties be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Dragon International Group Corp.)

Borrower Remains Liable. Anything contained herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the any contracts and agreements included in the collateral Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender Bank of any of its rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; , and (3c) the Lender Bank shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Bank be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Superconductor Technologies Inc)

AutoNDA by SimpleDocs

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its Borrower's duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; Collateral and (3c) the Lender shall not have any no obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Amended Security Agreement (Briazz Inc)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, : (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excludedexecuted; (2b) the exercise by the Lender of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3c) the Lender shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Dove Entertainment Inc)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1) the Borrower shall remain liable under the contracts and agreements included in the collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; (2) the exercise by the Lender Agent of any rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; and (3) the Lender Agent shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Agent be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Surgical Safety Products Inc)

Borrower Remains Liable. Anything (a) Notwithstanding anything herein to the contrary notwithstandingcontrary, (1a) the Borrower shall remain liable under the contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender REG of any of its rights hereunder shall not release the Borrower from any of its duties or obligations under the contracts and agreements included in the Collateral; , and (3c) the Lender REG shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender REG be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Subordinated Security Agreement (Blackhawk Biofuels, LLC)

Borrower Remains Liable. Anything herein to the contrary notwithstanding, (1a) the Borrower shall remain liable under the any contracts and agreements included in the collateral Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been excluded; executed, (2b) the exercise by the Lender Bank of any of the rights hereunder shall not release the Borrower from any of its duties or obligations under the any contracts and agreements included in the Collateral; , and (3c) the Lender Bank shall not have any no obligation or liability under the any contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Lender Bank be obligated to perform any of the obligations or duties of the Borrower thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Vicon Industries Inc /Ny/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!