Common use of Debtor Remains Liable Clause in Contracts

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (i) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by Agent of any of the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iii) neither Agent nor any Lender shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent nor any Lender be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) neither Agent nor any Lender shall have any liability in contract or tort for any Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Playboy Enterprises Inc)

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Debtor Remains Liable. Anything herein to the contrary notwithstanding: (i) each the Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by Agent of any of the rights hereunder shall not release any the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iii) neither Agent nor any Lender shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent nor any Lender be obligated to perform any of the obligations or duties of any the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) neither Agent nor any Lender shall have any liability in contract or tort for any the Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Playboy Enterprises Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (i) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by Agent the Trustee of any of the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iii) neither Agent the Trustee nor any Lender Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent the Trustee nor any Lender Holder be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) neither Agent the Trustee nor any Lender Holder shall have any liability in contract or tort for any Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Playboy Enterprises Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (ia) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall 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 Agent Trustee of any of the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iiic) neither Agent Trustee nor any Lender Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent Trustee nor any Lender Holder be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (ivd) neither Agent Trustee nor any Lender Holder shall have any liability in contract or tort for any Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Corp)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (ia) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall 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 Agent of any of the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iiic) neither Agent nor any Lender shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent nor any Lender be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (ivd) neither Agent nor any Lender shall have any liability in contract or tort for any Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Corp)

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Debtor Remains Liable. Anything herein to the contrary notwithstanding: (ia) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall 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 Agent the Investor of any of the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iiic) neither Agent nor any Lender the Investor shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent nor any Lender the Investor be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (ivd) neither Agent nor any Lender the Investor shall not have any liability in contract or tort for any Debtor's acts or omissions.

Appears in 1 contract

Samples: Acknowledgment and Agreement (Andrea Electronics Corp)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (i) each the Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by Agent the Trustee of any of the rights hereunder shall not release any the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; (iii) neither Agent the Trustee nor any Lender Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent the Trustee nor any Lender Holder be obligated to perform any of the obligations or duties of any the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) neither Agent the Trustee nor any Lender Holder shall have any liability in contract or tort for any the Debtor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Playboy Enterprises Inc)

Debtor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstanding: contained herein, (i) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein and shall to perform all of its Debtor’s respective duties and obligations thereunder to the same extent as if this Agreement had not been executed; (ii) the exercise by Agent Lender of any of the its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral; Collateral and (iii) neither Agent nor any Lender shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent nor any Lender be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) neither Agent nor any Lender shall have any liability in contract or tort for any Debtor's acts or omissions.. LOAN AND SECURITY AGREEMENT – PAGE 10 THERMO COMMUNICATIONS FUNDING, LLC – Americrew, Inc.

Appears in 1 contract

Samples: Loan and Security Agreement (AmeriCrew Inc.)

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