Common use of Grantor Remains Liable Clause in Contracts

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any 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 Agent of any of its rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Agent shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent be obligated to perform any of the obligations or duties of Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 5 contracts

Samples: Assets Security Agreement (Benedek License Corp), BCC Security Agreement (Benedek License Corp), Guarantor Security Agreement (James Cable Finance Corp)

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Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any its respective contracts and agreements 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, (b) the exercise by the Agent of any of its the rights hereunder shall not release the Grantor from any of its duties or obligations under the its respective contracts and agreements included in the Collateral, and (c) neither the Agent nor any Holder shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Agent or any Holder be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Guarantor Security and Pledge Agreement (National Record Mart Inc /De/), Issuer Security and Pledge Agreement (National Record Mart Inc /De/)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) such Grantor shall remain liable under any the contracts and agreements 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, (b) the exercise by the Agent or any Lender of any of its the rights hereunder shall not release such Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) the Agent and the Lenders shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Agent and the Lenders be obligated to perform any of the obligations or duties of such Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Burke Industries Inc /Ca/), Security Agreement (Burke Industries Inc /Ca/)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any the contracts and agreements 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, (b) the exercise by the Agent of any of its the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Agent nor any Bank shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Agent or any Bank be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Detroit Edison Co)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any 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 Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Collateral Agent shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Collateral Agent be obligated to perform any of the obligations or duties of Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Dictaphone Corp /De)

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Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any the contracts and agreements 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, (b) the exercise by Agent the Purchaser of any of its the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Agent the Purchaser shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent the Purchaser be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Vision Twenty One Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (ai) Grantor each of the Grantors 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 all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, ; (bii) the exercise by the Collateral Agent of any of its the rights hereunder shall not release Grantor any of the Grantors from any of its respective duties or obligations under the contracts and agreements included in the Collateral, any such agreements; and (ciii) the Collateral Agent 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 Collateral Agent be obligated to perform any of the obligations or duties of Grantor any of the Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Apa Security Agreement (Peoples Liberation Inc)

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