Common use of Grantor’s Duties Clause in Contracts

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 17 contracts

Samples: Security Agreement (Ciena Corp), Pledge Agreement (Ciena Corp), First Lien Security Agreement (PAE Inc)

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Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Administrative Agent shall not have any obligations or liabilities liabilities, except as expressly set forth herein, with respect to any the Collateral by reason of or arising out of this Agreement, nor shall the Collateral Administrative Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Spirit Realty Capital, Inc.)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Security Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Grantor under or with respect to any Collateral.

Appears in 2 contracts

Samples: Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the its obligations, if any, assumed by it with respect to the Collateral and neither the Collateral Agent nor any Lender shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this AgreementAgreement or otherwise, except as set forth herein, nor shall the Collateral Agent nor any Lender be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 2 contracts

Samples: Security Agreement (Plastic2Oil, Inc.), Security Agreement (Jbi, Inc.)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Security Agreement (Penn Traffic Co)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and neither the Collateral Agent nor the Investor shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of or in connection with this Security Agreement, nor shall the Collateral Agent or the Investor be required or obligated in any manner to perform or fulfill any of the obligations of any the Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Security and Pledge Agreement (Talk America)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and neither the Collateral Agent nor the Investor shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of or in connection with this Guarantee and Security Agreement, nor shall the Collateral Agent or the Investor be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Perfection Certificate (Talk America)

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Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and neither the Collateral Agent nor any Lender shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this AgreementMortgage, nor shall the Collateral Agent nor any Lender be required or obligated in any manner to perform or fulfill any of the obligations of any the Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Security and Pledge Agreement (Ual Corp /De/)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each the Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of or in connection with this Security Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any the Grantor under or with respect to any Collateral.. 160

Appears in 1 contract

Samples: Security Agreement (Ameristeel Finance Inc)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this AgreementAgreement except as expressly provided otherwise under Article 9 of the UCC in connection with its enforcement of the Collateral Agent's rights with respect to the Collateral, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Security Agreement (Fleming Companies Inc /Ok/)

Grantor’s Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Grantor shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Administrative Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this Agreement, nor shall the Collateral Administrative Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or with respect to any Collateral.

Appears in 1 contract

Samples: Credit Agreement (Centerplate, Inc.)

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