Common use of Debtor’s Duties Clause in Contracts

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor under or with respect to any Collateral.

Appears in 3 contracts

Sources: Security Agreement (Tweeter Home Entertainment Group Inc), Security Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor the Debtors shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent Purchasers shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent Purchasers be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor the Debtors under or with respect to any Collateral.

Appears in 3 contracts

Sources: Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc), Security, Pledge and Guaranty Agreement (Synergy Brands Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect to any Collateral.

Appears in 3 contracts

Sources: Security Agreement (TAL International Group, Inc.), Security Agreement (TAL International Group, Inc.), Security Agreement (TAL International Group, Inc.)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor the Debtors shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent Purchaser shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent Purchaser be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor the Debtors under or with respect to any Collateral.

Appears in 2 contracts

Sources: Security and Pledge Agreement (Dyntek Inc), Security and Pledge Agreement (Dyntek Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent Collateral Agent, except as provided under applicable law, shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor under or with respect to any Collateral.

Appears in 2 contracts

Sources: Security Agreement (Stonemor Partners Lp), Security Agreement (Stonemor Partners Lp)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect to any Collateral▇▇▇▇▇▇▇▇▇▇.

Appears in 1 contract

Sources: Credit and Security Agreement (Artisan Entertainment Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Security Agreement (Davel Communications Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral of such Debtor and the Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent be required or obligated in any manner to perform or fulfill any of the obligations of any such Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Collateral Assignment of Proceeds and Security Agreement (Allbritton Communications Co)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent Secured Party shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent Secured Party be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Stock Purchase Agreement (Homeland Resources Ltd.)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral Collateral, and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Security Agreement (TAL International Group, Inc.)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect respect-to any Collateral.

Appears in 1 contract

Sources: Security Agreement (TAL International Group, Inc.)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent be required or obligated in any manner to perform or fulfill any of the obligations of any each Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Security Agreement (Asc Holdings Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Agent Lender shall not have any obligations or liabilities with respect to any Collateral other than an obligation to act in a commercially reasonable manner, by reason of or arising out of this Agreement, nor shall the Agent Lender be required or obligated in any manner to perform or fulfill any of the obligations of any the Debtor under or with respect to any Collateral.

Appears in 1 contract

Sources: Note Purchase Agreement (Dynasil Corp of America)