Common use of Debtor Remains Liable Clause in Contracts

Debtor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Debtor 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, (b) the exercise by the Agent of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) neither the Agent nor any Lender shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, the Loan Agreement or any other Transaction Document, nor shall the Agent or any Lender be obligated to perform any of the obligations or duties of the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 4 contracts

Samples: Company General Security Agreement (Acura Pharmaceuticals, Inc), Company General Security Agreement (Acura Pharmaceuticals, Inc), Company General Security Agreement (Acura Pharmaceuticals, Inc)

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Debtor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstandingcontained herein, (ai) the Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its Debtor’s respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, ; (bii) the exercise by the Agent Lender of any of the its rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral and (ciii) neither the 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, the Loan Agreement or any other Transaction Document, nor shall the Agent or any Lender be obligated to perform any of the obligations or duties of the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Loan and Security Agreement (H/Cell Energy Corp), Loan and Security Agreement (Blue Dolphin Energy Co), Loan and Security Agreement (Blue Dolphin Energy Co)

Debtor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Debtor 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, (b) the exercise by the Agent Administrative Lender of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral Collateral, and (c) neither the Agent Administrative Lender nor any Lender Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, the Loan Agreement nor shall Administrative Lender or any other Transaction Document, nor shall the Agent or any Lender Secured Party be obligated to perform any of the obligations or duties of the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Sun Healthcare Group Inc), Security Agreement (Power One Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Debtor shall remain liable under the contracts and agreements included in or relating to 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, (b) the exercise by the Agent Lender of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in or relating to the Collateral Collateral, and (c) neither the Agent nor any Lender shall not have any obligation or liability under the contracts and agreements included in or relating to the Collateral by reason of this Agreement, the Loan Agreement or any other Transaction Document, nor shall the Agent or any Lender be obligated to perform any of the obligations or duties of the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Arch Capital Group LTD), Security Agreement (Arch Capital Group LTD)

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Debtor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Debtor shall remain liable under the contracts and agreements included in the Collateral all Assigned Agreements, 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, (b) the exercise by the Agent or any of the other Secured Parties of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral such Assigned Agreements, and (c) neither the Agent nor any Lender of the other Secured Parties shall have any obligation or liability under the contracts and agreements included in the Collateral any Assigned Agreements by reason of this Agreement, the Loan Agreement or any other Transaction Document, nor shall the Agent or any Lender of the other Secured Parties be obligated to perform any of the obligations or duties of the Debtor 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 (Gsi Group Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Debtor 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, (b) the exercise by the Agent of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) neither the Agent nor any Lender Purchaser shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, the Loan Purchase Agreement or any other Transaction DocumentDocument (as defined in the Subordination Agreement), nor shall the Agent or any Lender Purchaser be obligated to perform any of the obligations or duties of the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Company General Security Agreement (Halsey Drug Co Inc/New)

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