Common use of Debtors Remain Liable Clause in Contracts

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Secured Party of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Secured Party shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Wilhelmina International, Inc.), Pledge and Security Agreement (Home Solutions of America Inc), Pledge and Security Agreement (Home Solutions of America Inc)

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Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Secured Party the Collateral Agent of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Secured Party the Collateral Agent shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party the Collateral Agent be obligated to perform any of the obligations or duties of any a Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Intercreditor Agreement (Vanguard Natural Resources, Inc.), Intercreditor Agreement (Vanguard Natural Resources, LLC)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Secured Party the Administrative Agent of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of the Secured Party Parties shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Alon Brands, Inc.), Security Agreement (Pegasus Systems Inc)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (a) each Debtor shall Debtors will remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to therein, and will perform all of its respective their duties and obligations thereunder under such contracts and agreements to the same extent as if this Security Agreement had not been executed, ; (b) the exercise by Secured Party Collateral Agent of any of its rights hereunder shall will not release any Debtor from any of its duties or obligations under the any such contracts and or agreements included in the Collateral, and ; and (c) no Secured Party shall not will have any obligation or liability under any of the contracts and or agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party will any such Person be obligated to perform any of the obligations or duties 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 (Sand Springs Railway CO)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (ai) each Debtor Debtors shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to and shall perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, ; (bii) the exercise by Secured Party of any of its the rights hereunder shall not release any either Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and ; (ciii) Secured Party shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party be obligated to perform any of the obligations or duties of any either Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) Secured Party shall not have any liability in contract or tort for either Debtor’s acts or omissions.

Appears in 1 contract

Samples: Pledge and Security Agreement (Unilife Corp)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (ai) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to and shall perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, ; (bii) the exercise by Secured Party of any of its the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and ; (ciii) Secured Party shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) Secured Party shall not have any liability in contract or tort for any Debtor’s acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Tel Instrument Electronics Corp)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (ai) each Debtor shall remain liable under the contracts and any agreements included 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 respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, ; (bii) the exercise by the Secured Party Parties of any of its the rights hereunder shall not release any such Debtor from any of its respective duties or obligations under the contracts and agreements included in the Collateral, any such agreements; and (ciii) the Secured Party Parties shall not have any obligation or liability under any of the contracts and such agreements included in the Collateral by reason of this Security Agreement, nor shall the Secured Party Parties be obligated to perform any of the obligations or duties 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 (Globix Corp)

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Debtors Remain Liable. Notwithstanding anything Anything contained herein to the contrary contained hereinnotwithstanding, (a) each Debtor shall remain liable under the any contracts and agreements included in the Collateral Collateral, to the extent set forth therein therein, to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by the Secured Party of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) the Secured Party shall not have any obligation or liability under any of the contracts contracts, licenses, and agreements included in the Collateral by reason of this Security Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties 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 (Real Goods Solar, Inc.)

Debtors Remain Liable. Notwithstanding anything any­thing to the contrary contained herein, (a) each Debtor shall remain liable under the contracts and agreements documentation included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security 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 the contracts and agreements included in the Collateralsuch documentation, and (c) the Secured Party shall not have any obligation or liability under any of the contracts and agreements included such documentation ­included in the Collateral by reason of this Security Agreement, nor shall and (d) the Secured Party shall not be obligated to perform per­form any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Master Pledge Agreement (Fyi Inc)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor the Debtors shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by the Secured Party of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) the Secured Party shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties 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 (Apartment Investment & Management Co)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (a) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, ; (b) the exercise by Secured Party of any of its the rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, ; and (c) Secured Party shall not have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party be obligated to perform any of the obligations or duties 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 (Washington Group International Inc)

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