Common use of Collateral Agent, Agent and Lenders Not Obligated to Perform Clause in Contracts

Collateral Agent, Agent and Lenders Not Obligated to Perform. Neither the Collateral Agent, the Agent nor any Lender shall be obligated to perform any of the obligations of the Grantors under or in respect of any Guarantee Collateral or any other contract or agreement included in the Guarantee Collateral or to take any action to collect or enforce any claim for payment assigned by this Agreement.

Appears in 1 contract

Samples: Subsidiaries Security Agreement (Northstar Health Services Inc)

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Collateral Agent, Agent and Lenders Not Obligated to Perform. Neither the Collateral Agent, the Agent nor any Lender shall be obligated to perform any of the obligations of the Grantors Pledgors under or in respect of any Guarantee Pledged Collateral or any other contract or agreement included in the Guarantee Pledged Collateral or to take any action to collect or enforce any claim for payment assigned by this Agreement.

Appears in 1 contract

Samples: Subsidiaries Stock Pledge Agreement (Northstar Health Services Inc)

Collateral Agent, Agent and Lenders Not Obligated to Perform. Neither the Collateral Agent, the Agent nor any Lender shall be obligated to perform any of the obligations of the Grantors Company under or in respect of any Guarantee Pledged Collateral or any other contract or agreement included in the Guarantee Pledged Collateral or to take any action to collect or enforce any claim for payment assigned by this Agreement.

Appears in 1 contract

Samples: Company Pledge Agreement (Northstar Health Services Inc)

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Collateral Agent, Agent and Lenders Not Obligated to Perform. Neither the Collateral Agent, the Agent nor any Lender shall be obligated to perform any of the obligations of the Grantors Company under or in respect of any Guarantee Collateral or any other contract or agreement included in the Guarantee Collateral or to take any action to collect or enforce any claim for payment assigned by this Agreement.

Appears in 1 contract

Samples: Company Security Agreement (Northstar Health Services Inc)

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