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 duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by 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) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this 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: Security Agreement (Spartech Corp), Security Agreement (Spartech Corp)

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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 Agreement had not been executedthereunder, (b) the exercise by 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) none of neither the Collateral Agent nor any other Priority Lien Secured Parties Party shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of of, or arising out of, this AgreementSecurity Agreement , nor shall Collateral Agent or any other Priority Lien Secured Party be obligated to perform any of the obligations or duties of any a Debtor thereunder or pursuant thereto or to take any action to collect or enforce any claim for payment assigned assigned, or to which the Priority Lien Secured Parties are entitled to, hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Grizzly Energy, LLC), Pledge and Security Agreement

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (a) each the Debtor shall remain liable under the any contracts and agreements included in the Collateral of the Debtor to the extent set forth therein to perform all of its duties and the Debtor’s obligations thereunder to the same extent as if this Agreement had not been executed, ; (b) the exercise by Collateral Agent the Secured Party of any of its rights hereunder shall not release any the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral of the Debtor; and (c) the Secured Party shall not have any obligation under any contracts and agreements included in the Collateral of the Debtor by reason of this Agreement, nor shall any 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 duties sufficiency of any payment that the Debtor thereunder 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 assigned hereunderthereunder.

Appears in 2 contracts

Samples: Patent License Agreement (Orthologic Corp), Patent Assignment Agreement (Orthologic Corp)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor (rather than the Administrative Agent or any Secured Party) 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 Agreement had not been executedthereunder, (b) the exercise by Collateral 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 neither the Administrative Agent nor any other Secured Parties Party shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of of, or arising out of, this AgreementSecurity Agreement , nor shall Administrative Agent or any other Secured Party be obligated to perform any of the obligations or duties of any a Debtor thereunder or pursuant thereto or to take any action to collect or enforce any claim for payment assigned assigned, or to which the Secured Parties are entitled to, hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Vanguard Natural Resources, Inc.)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (a) each Debtor shall remain liable under the contracts and agreements Contracts included in the Collateral to the extent set forth therein to perform all of its duties and such Debtor’s obligations thereunder to the same extent as if this Agreement had not been executed, ; (b) the exercise by Collateral Agent 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 Contracts included in the Collateral, ; and (c) none of the Secured Parties Party shall not have any obligation or liability under any of the contracts and agreements Contracts included in the Collateral by reason of this Agreement, nor shall any the Secured Party be obligated to perform or fulfill any of the obligations or duties of any Debtor thereunder thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment any 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 assigned hereunderthereunder.

Appears in 1 contract

Samples: Second Lien Security Agreement (Basic Energy Services, Inc.)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (ai) each Debtor shall remain liable under the contracts any contracts, agreements and agreements other documents included in the Collateral Collateral, to the extent set forth therein therein, 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 Collateral Agent the Secured Party of any of its the rights hereunder shall not release any such Debtor from any of its duties or obligations under the contracts such contracts, agreements and agreements other documents included in the Collateral, and (ciii) none of the Secured Parties Party shall not have any obligation or liability under any of the contracts contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement, nor shall any 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 such contract, agreement or other document included in the Collateral hereunder.. ​

Appears in 1 contract

Samples: Security Agreement (AEON Biopharma, Inc.)

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 duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by 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) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this 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 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

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Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (ai) each Debtor this Agreement shall remain liable have no effect on any Debtor’s liability or obligations under the contracts and agreements 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, Collateral; (bii) the exercise by Collateral Administrative Agent 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) none of the neither Administrative Agent nor any Secured Parties Party shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Administrative Agent nor 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; and (iv) neither Administrative Agent nor any Secured Party shall have any liability in contract or tort for any Debtor’s acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Berry Petroleum Corp)

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: --------------------- (a) each Debtor shall remain liable under the any contracts and agreements included in the Collateral of such Debtor to the extent set forth therein to perform all of its duties and such Debtor's obligations thereunder to the same extent as if this Agreement had not been executed, ; (b) the exercise by Collateral Agent 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) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral of such Debtor; and (c) the Secured Party shall not have any obligation under any contracts and agreements included in the Collateral of any Debtor by reason of this Agreement, nor shall any the Secured Party be obligated to perform or fulfill any of the obligations or duties of any Debtor thereunder thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment that any 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 assigned hereunderthereunder.

Appears in 1 contract

Samples: Credit Agreement (Coinstar Inc)

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 with respect 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 executedCollateral, (b) the exercise by Collateral Administrative Agent or any other Secured Party of any of its such Person’s rights hereunder shall not release any Debtor from any of its duties or obligations with respect to or under the contracts and agreements included in the Collateralany Collateral or under this Agreement, and (c) none of the neither Administrative Agent nor any other Secured Parties Party shall have any obligation or liability with respect to or under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party 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 or in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Primeenergy Corp)

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