Common use of Grantor Remains Liable Clause in Contracts

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the Grantor shall remain liable under any and 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 the Secured Parties of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts and agreements included in the Collateral, and (c) the Secured Parties 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 Parties be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 4 contracts

Samples: Security Agreement (Telenetics Corp), Security Agreement (Telenetics Corp), Security Agreement (Telenetics Corp)

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Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' Party's express prior written consent thereto, (a) the Grantor shall remain liable under any and 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 the Secured Parties Party of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts and agreements included in the Collateral, and (c) the Secured Parties 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 Parties Party be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 4 contracts

Samples: Security Agreement (C.O.R.E. (USA) Community-Oriented Resource Environment, Inc.), Security Agreement (Analytical Surveys Inc), Form of Security Agreement (Analytical Surveys Inc)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the each Grantor shall remain liable under any and all the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein herein 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 any Secured Parties Lender of any of the rights hereunder shall not release the any Grantor from any of its duties or obligations under any the contracts and agreements included in the such Grantor’s Collateral, and (c) the no Secured Parties Lender 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 the any Secured Parties Lender be obligated to perform any of the obligations or duties of the any Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Chaparral Steel CO), Credit Agreement (Chaparral Steel CO), Security Agreement (Chaparral Steel CO)

Grantor Remains Liable. Anything contained herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) each of the Grantor Grantors shall remain liable under any and all the contracts and agreements (if any) included in the Collateral to which it is a party 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 Parties Agent of any of the its rights hereunder shall not release any of the Grantor Grantors from any of its their respective duties or obligations under any the contracts and agreements (if any) included in the CollateralCollateral to which it is a party, and (c) neither of the Agent, nor any of the other Secured Parties shall not have any obligation or liability under any the contracts and agreements (if any) included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall any of the Secured Parties be obligated to perform any of the obligations or duties of the any Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (International Rectifier Corp /De/), Security Agreement (International Rectifier Corp /De/)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the Grantor Grantors shall remain liable under any and all 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 Secured Parties Administrative Lender of any of the rights hereunder shall not release the any Grantor from any of its duties or obligations under any the contracts and agreements included in the Collateral, and (c) neither the Administrative Lender nor any other Secured Parties 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 Lender or any other Secured Parties Party be obligated to perform any of the obligations or duties of the any Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Compusa Inc), Security Agreement (Compusa Inc)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the Grantor shall remain liable under any and all 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 Secured Parties Bank Collateral Agent, the Loan Agent or any Bank of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any the contracts and agreements included in the Collateral, ; and (c) the Secured Parties Bank Collateral Agent, the Loan Agent or 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 Secured Parties Bank Collateral Agent, the Loan Agent or any Bank be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Collateral Security Agreement (First Investors Financial Services Group Inc), Collateral Security Agreement (First Investors Financial Services Group Inc)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence event of the Secured Parties' express prior written consent thereto, (a) the Grantor shall remain liable under any and 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 the Secured Parties of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts and agreements agreement included in the Collateral, and (c) the Secured Parties 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 Parties be obligated to perform any of the obligations or duties of the Grantor under any such contract contact or agreement or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Team Sports Entertainment Inc)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (ai) the each Grantor shall remain liable under any Contracts, agreements and all contracts 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 the Secured Parties Agent of any of the rights hereunder shall not release the any Grantor from any of its duties or obligations under any contracts such contracts, agreements and agreements other documents included in the Collateral, and (ciii) neither the Secured Parties Agent nor any other Bank Party shall not have any obligation or liability under any contracts Contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement, nor shall the Secured Parties Agent or any other Bank Party be obligated to perform any of the obligations or duties of the any Grantor under any such contract or agreement 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: Credit Agreement (Lodgenet Entertainment Corp)

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Grantor Remains Liable. Anything herein Notwithstanding anything to the contrary notwithstanding, herein or in the absence of the any other Secured Parties' express prior written consent theretoParty Document, (a) the Grantor shall remain liable under any and all 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 any Secured Parties Party of any of the rights hereunder or remedies under or in connection with this Agreement or any other Secured Party Document shall not release the Grantor from any of its duties or obligations under any the contracts and agreements included in the Collateral, and (c) the Secured Parties 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 Secured Party Document, nor shall the any Secured Parties Party be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Agreement (Primark Corp)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the Grantor shall remain liable under any the Accounts, General Intangibles, Contracts and all contracts and agreements other items 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 Parties Agent of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts the Contracts and agreements other items included in the Collateral, and (c) the Secured Parties Banks and the Agent shall not have any no obligation or liability under any contracts Accounts, Contracts, General Intangibles and agreements other items included in the Collateral by reason of this Agreement, nor shall the Secured Parties Banks or the Agent be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement 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, in the absence of the Secured Parties' express prior written consent thereto, (a) each of the Grantor Grantors shall remain liable under any and all the contracts and agreements included in the Collateral to which it is a party 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 Parties Agent of any of the its rights hereunder shall not release any of the Grantor Grantors from any of its their respective duties or obligations under any the contracts and agreements included in the CollateralCollateral to which it is a party, and (c) neither of the Agent, nor any of the other Secured Parties 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 of the Secured Parties be obligated to perform any of the obligations or duties of the any Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (International Rectifier Corp /De/)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' express prior written consent thereto, (a) the Grantor shall remain liable under any and all contracts and agreements included in relating to 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 Security Deed had not been executed, (b) the exercise by Grantee or the Secured Parties Lenders of any of the their rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts and agreements included in related to the Collateral, and (c) neither Grantee nor the Secured Parties Lenders shall not have any obligation obligations or liability under any of the contracts and or agreements included in related to the Collateral by reason of this AgreementSecurity Deed, and neither Grantee nor the Lenders shall the Secured Parties be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Blue Bird Corp)

Grantor Remains Liable. Anything herein to the contrary notwithstanding, in the absence of the Secured Parties' Party’s express prior written consent thereto, (a) the Grantor shall remain liable under any and 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 the Secured Parties Party of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under any contracts and agreements included in the Collateral, and (c) the Secured Parties 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 Parties Party be obligated to perform any of the obligations or duties of the Grantor under any such contract or agreement or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Analytical Surveys Inc)

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