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 Secured Party 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) Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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 15 contracts

Samples: Credit Agreement (Dominicks Supermarkets Inc), Credit Agreement (Enstar Income Program Iv-1 Lp), Credit Agreement (Andros Holdings Inc)

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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 Secured Party 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) Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this AgreementAgreement or otherwise, nor shall Secured Party 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 9 contracts

Samples: Security Agreement (Eldorado Resorts LLC), Guarantor Security Agreement (Eldorado Resorts LLC), Company Security Agreement (Players International Inc /Nv/)

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 for the benefit of the Secured Party Parties 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 Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor Agreement and shall Secured Party 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 5 contracts

Samples: Security and Pledge Agreement (Nextera Enterprises Inc), Security and Pledge Agreement (Nextera Enterprises Inc), Security and Pledge Agreement (Nextera Enterprises Inc)

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 Secured Party the Administrative Agent of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) Secured Party neither the Lenders nor the Administrative Agent shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party the Administrative Agent or the Lenders 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 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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 Secured Party 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) the Secured Party 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 Secured Party 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 3 contracts

Samples: Loan and Security Agreement (Russell Corp), Security Agreement (Phoenix Racing Inc), Security Agreement (Synthetic Industries Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (ai) Grantor shall remain liable under any contracts the Contracts and agreements included in the Collateral, Collateral to the extent set forth therein, therein to perform all of its the duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (bii) the exercise by Secured Party Trustee or any holder of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts Contracts and agreements included in the Collateral, and (ciii) Secured Party Trustee shall not have any obligation or liability under any contracts the Contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Secured Party Trustee 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 3 contracts

Samples: Security Agreement (New Cf&i Inc), Security Agreement (New Cf&i Inc), Security Agreement (New Cf&i Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any the contracts and agreements included in the Collateral, Grantor’s 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 Secured Party the Lender of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) Secured Party Lender shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall Secured Party Lender 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 3 contracts

Samples: Security Agreement (Verity Corp.), Security Agreement (Verity Corp.), Verity Corp. Security Agreement Verity Farms (Verity Corp.)

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

Appears in 2 contracts

Samples: Credit Agreement (Usi Holdings Corp), Borrower Pledge and Security Agreement (Flashnet Communications Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the 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 either Secured Party of any of its 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 Secured Party shall not have any obligation or liability under any contracts contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall either Secured Party 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: Security Agreement (Buy Com Inc), Security Agreement (Buy Com Inc)

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, Grantor’s 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 Secured Party 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, Collateral and (c) the Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall the Secured Party 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: Security Agreement (Health Enhancement Products Inc), Security Agreement (Osiris Therapeutics, Inc.)

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 Secured Party 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) Secured Party shall not have any obligation or liability under any contracts contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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 2 contracts

Samples: Security Agreement (Insignia Solutions PLC), Security Agreement (Fibercore Inc)

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 Secured Party 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) Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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 2 contracts

Samples: Subsidiary Security Agreement (Pantry Inc), Subsidiary Trademark Security Agreement (Pantry Inc)

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, to therein and perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party the Lender 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, Collateral and (c) Secured Party the Lender shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party the Lender 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: Security Agreement (Smith & Wollensky Restaurant Group Inc), Security Agreement (Smith & Wollensky Restaurant Group Inc)

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

Appears in 2 contracts

Samples: Pledge and Security Agreement (Energy XXI LTD), Intercreditor Agreement (Epl Oil & Gas, Inc.)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the 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 the Secured Party of any of its 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) the Secured Party shall not have any obligation or liability under any contracts contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party 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: Security Agreement (Buy Com Inc), Security Agreement (Buy Com Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each Grantor shall remain liable under any the contracts and agreements included in the Collateral, such Grantor’s 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 any Secured Party of any of its the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the such Grantor’s Collateral, and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the such Grantor’s Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Texas Industries Inc), Amended and Restated Security Agreement (Texas Industries Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) 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 Obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party the Collateral Agent of any of its the rights hereunder shall not release Grantor from any of its duties or obligations Obligations under the contracts and agreements included in the Collateral, Collateral and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Transaction Document, nor shall any Secured Party be obligated to perform any of the obligations Secured Obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Applied Dna Sciences Inc), Securities Purchase Agreement (Applied Dna Sciences Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor the Grantors 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 Secured Party the Collateral Agent of any of its the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Collateral Agent nor any Secured Party 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 Collateral Agent or any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Hastings Entertainment Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) : the Grantor shall remain liable under any contracts the Contracts and agreements included in the Collateral, Collateral to the extent set forth therein, to and shall perform all of its 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 the Secured Party of any of its rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and any such Contracts or agreements included in the Collateral, ; and (c) the Secured Party shall not have any obligation or liability under any contracts and such Contracts or 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 the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.. REPRESENTATIONS AND WARRANTIES

Appears in 1 contract

Samples: Borrower Copyright Security Agreement (Titan Corp)

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 Secured Party the Collateral 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, Collateral and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall any Secured Party 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 (Massic Tool Mold & Die Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, notwithstanding (a) Grantor shall remain liable under any the contracts and agreements included in the Collateral, Collateral to the extent set forth therein, to and shall perform all of its duties and obligations thereunder under such contracts and agreements, to the same extent as if this Pledge Agreement had not been executed, ; (b) the exercise by Secured Party Holder of any of its rights hereunder shall not release Grantor from any of its duties or obligations under the any contracts and agreements included in the Collateral, ; and (c) Secured Party Holder shall not have any obligation or liability under any such contracts and or agreements included in the Collateral by reason of this Pledge Agreement, nor shall Secured Party Holder 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: Pledge and Security Agreement (Quest Patent Research Corp)

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, Grantor's 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 Secured Party the Collateral 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, Collateral and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Financing Document, nor shall any Secured Party 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 (Allegheny Energy, Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any 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 Secured Party of any of its the rights hereunder shall not release Grantor 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 obligations or liability under any the contracts and agreements included in the Collateral by reason of this Security Agreement or the Loan Agreement, nor shall Secured Party 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: CBS Security Agreement (American Wagering Inc)

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, Grantor’s 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 Secured Party the Collateral 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, Collateral and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Financing Document, nor shall any Secured Party 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: Assignment and Assumption Agreement (Allegheny Energy, Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) 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 Secured Party the Collateral Agent of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) no Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Transaction Document, nor shall any Secured Party be obligated to perform any of the obligations Secured 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: Guaranty and Security Agreement (Applied Dna Sciences Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under any contracts and agreements Contracts included in the Intellectual Property 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 Secured Party of any of its rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements Contracts included in the Intellectual Property Collateral, and (c) Secured Party shall not have any obligation or liability under any contracts Contracts and agreements licenses included in the Intellectual Property Collateral by reason of this Agreement, nor shall Secured Party 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: Put/Call Agreement (Planetout Inc)

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 Secured Party 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 Secured Party 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 Secured Party 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 in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Borrower Security Agreement (American Eco Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each 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 any Secured Party of any of its the rights hereunder shall not release any Grantor 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 the contracts and agreements included in the Collateral by reason of this Agreement, nor shall any of the Secured Party Parties be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Timco Aviation Services Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (ai) Grantor shall remain liable under any the contracts and agreements included in the Collateral, Collateral to the extent set forth therein, further 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 Secured Party of any of its the rights or remedies hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (ciii) Secured Party shall not have any has no obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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 Pledged hereunder.

Appears in 1 contract

Samples: Security Agreement (Findex Com Inc)

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Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each 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 Secured Party of any of its the rights hereunder shall not release any Grantor 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 the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Timco Aviation Services Inc)

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, to therein and perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party the Lender 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) Secured Party the Lender shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party the Lender 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 (Stationdigital Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor the Grantors shall remain jointly and severally 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 Secured Party of any of its rights hereunder shall not release Grantor the Grantors from any of its their 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 contracts contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party be obligated to perform any of the obligations or duties of Grantor the Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Orleans Homebuilders Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) 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 Secured Party the Administrative Agent of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Administrative Agent nor any Secured Party 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 Administrative Agent or any Secured Party 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: Pledge Agreement (Unit Corp)

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 Secured Party 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 Secured Party 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 Secured Party 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 in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Parent Guarantor (American Eco Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any contracts the Contracts and agreements other items 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 Secured Party of any of its the rights hereunder shall not release the Grantor from 3 any of its duties or obligations under the contracts Contracts and agreements other items included in the Collateral, and (c) the Secured Party shall not have any no obligation or liability under any contracts the Contracts and agreements other items included in the Collateral by reason of this Agreement, nor shall the Secured Party 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 (Pilgrim America Capital Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor shall remain liable under 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 Agreement had not been executed, (b) the exercise by the Secured Party or any Creditor of any of its the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither the Secured Party nor any Creditor shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party or any Creditor 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 in respect of which a security interest is granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Petroleum Helicopters Inc)

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 Secured Party of any of its rights hereunder shall not release Grantor from any of its duties or obligations under the any contracts and agreements included in the Collateral, and (c) Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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: Pledge and Security Agreement (24/7 Media Inc)

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 Secured Party of any of its 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) the Secured Party shall not have any obligation obligations or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party 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: Subsidiary Security Agreement (Doughties Foods Inc)

Grantor Remains Liable. Anything contained herein Notwithstanding anything to the contrary notwithstandingcontained herein, (a) 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 respective duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Secured Party 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) Secured Party 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 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: Security Agreement (Aemetis, Inc)

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, Grantor's 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 Secured Party of any of its the rights hereunder shall not release any Grantor 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 the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Finance Document, nor shall the Secured Party 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 (Flagstone Reinsurance Holdings LTD)

Grantor Remains Liable. Anything contained herein Notwithstanding anything to the contrary notwithstandingcontained herein, (a) 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 respective duties and obligations Obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party of any of its rights hereunder shall not release Grantor from any of its duties or obligations Obligations under the contracts and agreements included in the Collateral, and (c) Secured Party shall not have any obligation Obligations or liability under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party be obligated to perform any of the obligations Obligations or duties of Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.. 25705872v.3

Appears in 1 contract

Samples: Credit Agreement (Harte Hanks Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor each of the Grantors 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 Secured Party Parties of any of its the rights hereunder shall not release Grantor either of the Grantors from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) the Secured Party Parties 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 Secured Party Parties be obligated to perform any of the obligations or duties of Grantor the Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Compensation and Security Agreement (Xplore Technologies Corp)

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 Secured Party 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, Collateral and (c) the Secured Party shall not have any obligation or liability under any the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall the Secured Party 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: Guaranty and Security Agreement (WHX Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any contracts the Contracts and agreements other items 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 Secured Party of any of its the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts Contracts and agreements other items included in the Collateral, and (c) the Secured Party shall not have any no obligation or liability under any contracts the Contracts and agreements other items included in the Collateral by reason of this Agreement, nor shall the Secured Party be 3 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 (Pilgrim America Capital Corp)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) the 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 the Secured Party of any of its 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) the Secured Party shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party 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 (Skyterra Communications Inc)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, (ai) 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, (bii) the exercise by Secured Party of any of its the rights or remedies hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (ciii) Secured Party shall not have any has no obligation or liability under any the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party 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 Pledged hereunder.

Appears in 1 contract

Samples: Security Agreement (Save on Energy Inc)

Grantor Remains Liable. Anything contained herein Notwithstanding anything to the contrary notwithstandingcontained herein, (a) 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 respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party 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) Secured Party shall not have any obligation obligations or liability under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Secured Party be obligated to perform any of the obligations 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: Pledge Agreement

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