Common use of Company Remains Liable Clause in Contracts

Company Remains Liable. Anything herein to the contrary notwithstanding, (i) the Company 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 Agreement had not been executed, (ii) the exercise by the Collateral Agent or the Noteholders of any rights under this Agreement or any of the other Note Documents shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral, and (iii) neither the Collateral Agent nor the Noteholders shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any of the other Note Documents nor shall the Collateral Agent or any Noteholder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Medallion Financial Corp), Security Agreement (Medallion Financial Corp)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (ia) the Company 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 Agreement had not been executed, (iib) the exercise by the Collateral Agent or the Noteholders Trustee of any rights under this Agreement or any of the other Note Documents rights hereunder shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (iiic) neither the Collateral Agent Trustee nor the Noteholders any Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any of the other Note Documents Agreement, nor shall the Collateral Agent Trustee or any Noteholder Holder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Louisiana Casino Cruises Inc), Security Agreement (Louisiana Casino Cruises Inc)

Company Remains Liable. Anything herein to the contrary notwithstanding, (i) the Company shall remain liable under the contracts any contracts, agreements and agreements other documents 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 Agreement had not been executed, (ii) the exercise by the Collateral Agent or the Noteholders of any rights under this Agreement or any of the other Note Documents rights hereunder shall not release the Company from any of its duties or obligations under the contracts such contracts, agreements and agreements other documents included in the Collateral, and (iii) neither the Collateral Agent nor the Noteholders shall not have any obligation or liability under the contracts any contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement or any of the other Note Documents Agreement, nor shall the Collateral Agent or any Noteholder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned such contract, agreement or other document included in the Collateral hereunder.

Appears in 1 contract

Samples: Security Agreement (Storage Technology Corp)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (ia) the Company 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 Agreement had not been executed, (iib) the exercise by the Collateral Agent or for the benefit of the Noteholders of any rights under this Agreement or any of the other Note Documents rights hereunder shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral, and (iiic) neither the Collateral Agent nor the Noteholders shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or any of the other Note Documents Agreement, nor shall the Collateral Agent or any Noteholder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Airgate PCS Inc /De/)

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