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 any contracts and agreements included in the Collateral to the extent set forth therein to perform the Debtor's obligations thereunder to the same extent as if this Agreement had not been executed; (b) the exercise by the Secured Party of any rights hereunder shall not release the Debtor from any obligations under any contracts and agreements included in the Collateral; and (c) the Secured Party shall not have any obligation under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, or to take any action to collect or enforce any claim for payment thereunder.

Appears in 1 contract

Samples: Security Agreement (Denali Inc)

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Debtor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstandingcontained herein: (a) the each Debtor shall remain liable under any contracts and agreements the documentation included in the Collateral to the extent set forth therein to perform the Debtor's 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 the any Debtor from any of its duties or obligations under any contracts and agreements included in the Collateralsuch documentation; and (c) the Secured Party shall not have any obligation under any contracts and agreements of such documentation included in the Collateral by reason of this Agreement, nor shall ; and (d) the Secured Party shall not be obligated to perform or fulfill any of the obligations of the any Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Omni Energy Services Corp)

Debtor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstanding: --------------------- contained herein, (a) the Debtor shall remain liable under any contracts and agreements the documentation included in the Collateral to the extent set forth therein to perform the Debtor's 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 the Debtor from any of its duties or obligations under any contracts and agreements included in the Collateral; and such documentation, (c) the Secured Party shall not have any obligation under any contracts and agreements of such documentation included in the Collateral by reason of this Agreement, nor shall the and (d) Secured Party shall not be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Renaissance Worldwide Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: , (a1) the Debtor shall remain liable under any the contracts and agreements included in the Collateral to the extent set forth therein to perform the Debtor's all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; , (b2) the exercise by the Secured Party of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under any the contracts and agreements included in the Collateral; , and (c3) the Secured Party shall not have any no obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform or fulfill any of the obligations or duties of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Provider Revolving Loan Agreement (Hospital Staffing Services Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: , --------------------- (ai) the Debtor shall remain liable under any contracts and agreements included which have been (in the Collateral to the extent set forth therein whole or in part) pledged or assigned herein to perform the Debtor's 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 the rights hereunder shall not release the Debtor from any of its respective duties or obligations under any contracts and agreements included in the Collateralsuch agreements; and (ciii) the Secured Party shall not have any obligation or liability under any contracts and such agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform or fulfill any of the obligations or duties of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Pledge and General Security Agreement (Globix Corp)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (a) the , Debtor shall remain liable under any contracts and agreements included in the Collateral Assigned Agreements to the extent set forth therein to perform the Debtor's all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed; (b) the . The exercise by the Secured Party Agent of any of the rights hereunder shall not release the Debtor from any of its duties or obligations under the Assigned Agreements. Neither Agent nor any contracts and agreements included in the Collateral; and (c) the other Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral Assigned Agreements by reason of this Security Agreement, nor shall the Agent or any other Secured Party be obligated to perform or fulfill any of the obligations or duties of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Assignment and Security Agreement (Westmoreland Coal Co)

Debtor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstanding: contained herein, (a) the each Debtor shall remain liable under any contracts and agreements the documentation included in the Collateral to the extent set forth therein to perform the Debtor's 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 the Debtor from any of its duties or obligations under any contracts and agreements included in the Collateral; and such documentation, (c) the Secured Party shall not have any obligation under any contracts and agreements of such documentation included in the Collateral by reason of this Agreement, nor shall and (d) the Secured Party shall not be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Tufco Technologies Inc)

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Debtor Remains Liable. Anything herein to the contrary notwithstanding: , (ai) the Debtor shall remain liable under any contracts and agreements included which have been (in the Collateral to the extent set forth therein whole or in part) pledged or assigned herein to perform the Debtor's 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 the rights hereunder shall not release the Debtor from any of its respective duties or obligations under any contracts and agreements included in the Collateralsuch agreements; and (ciii) the Secured Party shall not have any obligation or liability under any contracts and such agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform or fulfill any of the obligations or duties of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Pledge and General Security Agreement (Xtrana Inc)

Debtor Remains Liable. Anything herein Notwithstanding any­thing to the contrary notwithstanding: contained herein, (a) the Debtor shall remain liable under any contracts and agreements the documentation included in the Collateral to the extent set forth therein to perform the Debtor's 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 the Debtor from any of its duties or obligations under any contracts and agreements included in the Collateral; and such documentation, (c) the Secured Party shall not have any obligation under any contracts and agreements included of such documentation ­included in the Collateral by reason of this Agreement, nor shall and (d) the Secured Party shall not be obligated to perform or fulfill per­form any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Fyi Inc)

Debtor Remains Liable. Anything herein to the contrary notwithstanding: (a) the --------------------- Debtor shall remain liable under any the contracts and agreements included in the Collateral to the extent set forth therein to perform the Debtor's its obligations thereunder to the same extent as if this Agreement had not been executed; (b) the exercise by the Secured Party of any rights hereunder shall not release the Debtor from any obligations under any the contracts and agreements included in the Collateral; and (c) the Secured Party shall not have any obligation under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, or to take any action to collect or enforce any claim for payment thereunder.

Appears in 1 contract

Samples: Credit Agreement (Coinstar Inc)

Debtor Remains Liable. Anything herein Notwithstanding anything to the --------------------- contrary notwithstanding: contained herein, (a) the Debtor shall remain liable under any contracts and agreements the documentation included in the Collateral to the extent set forth therein to perform the Debtor's 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 the Debtor from any of its duties or obligations under any contracts and agreements included in the Collateral; and such documentation, (c) the Secured Party shall not have any obligation under any contracts and agreements of such documentation included in the Collateral by reason of this Agreement, nor shall the and (d) Secured Party shall not be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment the Debtor may be entitled to receive thereunder, to present or file any claim, thereunder or to take any action to collect or enforce any claim for payment thereunderassigned hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Renaissance Worldwide Inc)

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