Common use of Debtor Remains Liable Clause in Contracts

Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Marketing Specialists Corp), Credit Agreement (Marketing Specialists Corp), Loan Agreement (Ods Networks Inc)

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Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, : (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any Debtor from any of its duties or obligations under such documentation, ; (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, ; and (d) the Secured Party shall not be obligated to perform any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Omni Energy Services Corp)

Debtor Remains Liable. Notwithstanding anything any­thing to the contrary contained herein, (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included ­included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform per­form any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Fyi Inc)

Debtor Remains Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, --------------------- (ai) each the Debtor shall remain liable under the documentation included any agreements which have been (in the Collateral to the extent set forth therein whole or in part) pledged or assigned herein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, ; (bii) the exercise by the Secured Party of any of its the rights or remedies hereunder shall not release any the Debtor from any of its respective duties or obligations under any such documentation, agreements; and (ciii) the Secured Party shall not have any obligation or liability under any of such documentation included in the Collateral agreements by reason of this Agreement, and (d) nor shall the Secured Party shall not 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.

Appears in 1 contract

Samples: Account Control Agreement (Globix Corp)

Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any the Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform any of the obligations of any the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Tufco Technologies Inc)

Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any each Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (First Investors Financial Services Group Inc)

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Debtor Remains Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (ai) each the Debtor shall remain liable under the documentation included any agreements which have been (in the Collateral to the extent set forth therein whole or in part) pledged or assigned herein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, ; (bii) the exercise by the Secured Party of any of its the rights or remedies hereunder shall not release any the Debtor from any of its respective duties or obligations under any such documentation, agreements; and (ciii) the Secured Party shall not have any obligation or liability under any of such documentation included in the Collateral agreements by reason of this Agreement, and (d) nor shall the Secured Party shall not 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.

Appears in 1 contract

Samples: Pledge and General Security Agreement (Xtrana Inc)

Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, (a) each the Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any the Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform any of the obligations of any the Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Tufco Technologies Inc)

Debtor Remains Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the documentation 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 Secured Party of any of its rights or remedies hereunder shall not release any Debtor from any of its duties or obligations under such documentation, (c) the Secured Party shall not have any obligation under any of such documentation included in the Collateral by reason of this Agreement, and (d) the Secured Party shall not be obligated to perform any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Loan Agreement (Ods Networks Inc)

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