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: Incremental Amendment Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Security Agreement (PAE Inc)

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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 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: Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines 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 neither the Collateral Agent nor any Bank 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 Bank 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: 364 Day Credit Agreement (Southwest Airlines Co), Revolving Credit Facility Agreement (Southwest Airlines Co)

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 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 the Grantors shall remain liable to perform all of the obligations, if any, assumed by it them with respect to the Collateral and neither the Collateral Agent nor any Secured Party 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 Secured Party be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor the Grantors under or with respect to any Collateral.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Mesa Air Group 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 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: Master Subsidiary Guarantee, Security Agreement, Collateral Assignment and Equity Pledge (Talk America)

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: Credit Agreement (Ameristeel Finance Inc)

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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: Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/)

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.)

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 obligationsObligations, if any, assumed by it with respect to the Collateral Security Agreement Collateral, and the Collateral Administrative Agent shall not have any obligations or liabilities with respect to any Security Agreement 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 Security Agreement Collateral.

Appears in 1 contract

Samples: Security Agreement (Nextera Enterprises 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 and Collateral Agreement (Penn Traffic Co)

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