Common use of Company Remains Liable Clause in Contracts

Company Remains Liable. Anything herein to the contrary notwithstanding, (i) the Company remains liable under any contracts, agreements and other documents 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 Secured Party of any of the rights hereunder does not release the Company from any of its duties or obligations under such contracts, agreements and other documents included in the Collateral and (iii) the Secured Party has no obligation or liability under any contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor is the Secured Party obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any such contract, agreement or other document included in the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Insite Vision Inc), Security Agreement (Insite Vision Inc)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (i) the Company remains shall remain liable under any contracts, agreements and other documents 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 Secured Party Collateral Agent of any of the its rights hereunder does shall not release the Company from any of its duties or obligations under such contracts, agreements and other documents included in the Collateral Collateral, and (iii) the no Secured Party has no shall have any obligation or liability under any contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor is the shall any Secured Party be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any such contract, agreement or other document included in the CollateralCollateral hereunder.

Appears in 1 contract

Samples: Security Agreement (Quadrant Biosciences Inc)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (i) the Company remains liable under any contracts, agreements and other documents 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 Secured Party Collateral Agent of any of the rights hereunder does not release the Company from any of its duties or obligations under such contracts, agreements and other documents included in the Collateral and (iii) the Secured Party Collateral Agent has no obligation or liability under any contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor is the Secured Party Collateral Agent obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any such contract, agreement or other document included in the Collateral.

Appears in 1 contract

Samples: Security Agreement (Insite Vision Inc)

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