Common use of Debtor’s Duties Clause in Contracts

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

Appears in 3 contracts

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

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Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that the Debtors each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Purchasers 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 Purchasers Agent be required or obligated in any manner to perform or fulfill any of the obligations of the Debtors any Debtor under or with respect to any Collateral.

Appears in 3 contracts

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

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

Appears in 3 contracts

Samples: 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 the Debtors each Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Purchasers Collateral Agent, except as provided under applicable law, shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Purchasers Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of the Debtors any Debtor under or with respect to any Collateral.

Appears in 2 contracts

Samples: 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 the Debtors shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Purchasers Purchaser shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Purchasers Purchaser be required or obligated in any manner to perform or fulfill any of the obligations of the Debtors under or with respect to any Collateral.

Appears in 2 contracts

Samples: 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 the Debtors Debtor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Purchasers Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Purchasers Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of the Debtors Debtor under or with respect to any CollateralXxxxxxxxxx.

Appears in 1 contract

Samples: Credit and Security Agreement (Artisan Entertainment Inc)

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

Appears in 1 contract

Samples: Security Agreement (Davel Communications Inc)

Debtor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that the Debtors 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 Purchasers Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Purchasers Agent be required or obligated in any manner to perform or fulfill any of the obligations of the Debtors such Debtor under or with respect to any Collateral.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Note Purchase Agreement (Dynasil Corp of America)

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

Appears in 1 contract

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

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Security Agreement (Asc Holdings Inc)

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