Common use of Grantor’s Duties Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Spirit Realty Capital, 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 obligationsObligations, if any, assumed by it with respect to the Collateral Security Agreement Collateral, and the Administrative Collateral Agent shall not have any obligations or liabilities, except as expressly set forth herein, liabilities with respect to the any Security Agreement Collateral by reason of or arising out of this Agreement, nor shall the Administrative 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 Security Agreement Collateral.

Appears in 1 contract

Samples: Security Agreement (Regent Communications Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Ameristeel Corp)

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