Common use of Covenants Regarding Contracts Clause in Contracts

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender of any of its rights hereunder shall not release the Company from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company from satisfying such duties and obligations) and (iii) the Lender shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender be obligated to perform any of the duties or obligations of the Company thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Medirisk Inc)

AutoNDA by SimpleDocs

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company Guarantor shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender of any of its rights hereunder shall not release the Company Guarantor from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company Guarantor from satisfying such duties and obligations) ), and (iii) the Lender shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender be obligated to perform any of the duties or obligations of the Company Guarantor thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company Guarantor or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Medirisk Inc)

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company Guarantor shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender Agent of any of its rights on behalf of the Banks hereunder shall not release the Company Guarantor from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company Guarantor from satisfying such duties and obligations) ), and (iii) the Lender Agent shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender Agent be obligated to perform any of the duties or obligations of the Company Guarantor thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company Guarantor or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Trion Inc)

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company Borrower shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender Agent of any of its rights on behalf of the Lenders hereunder shall not release the Company Borrower from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company Borrower from satisfying such duties and obligations) ), and (iii) the Lender Agent shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender Agent be obligated to perform any of the duties or obligations of the Company Borrower thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company Borrower or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

AutoNDA by SimpleDocs

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender of any of its rights hereunder shall not release the Company from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company from satisfying such duties and obligations) ), and (iii) the Lender shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender be obligated to perform any of the duties or obligations of the Company thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Medirisk Inc)

Covenants Regarding Contracts. (a) Anything herein to the contrary notwithstanding, (i) the Company Borrower shall remain liable under all Assigned Contracts (as hereinafter defined) to the extent set forth therein to perform its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the exercise by the Lender Agent of any of its rights on behalf of the Banks hereunder shall not release the Company Borrower from any of its duties or obligations under any of the Assigned Contracts (except to the extent that such exercise prevents the Company Borrower from satisfying such duties and obligations) ), and (iii) the Lender Agent shall not have any duties, obligations or liability under any of the Assigned Contracts or duties by reason of this Agreement, nor shall the Lender Agent be obligated to perform any of the duties or obligations of the Company Borrower thereunder, to make any payment, to make any inquiry as to the nature or sufficiency of any payment received by the Company Borrower or the sufficiency of any performance by any party under any such contract or agreement, or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Trion Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.