Common use of Grantors Remain Liable Under Accounts and Contracts Clause in Contracts

Grantors Remain Liable Under Accounts and Contracts. Anything herein to the contrary notwithstanding, the Grantors shall remain liable under each of the Accounts and Contracts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to such Accounts or Contracts. Neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under any Account (or any agreement giving rise thereto) or Contract, in each case by reason of or arising out of this Agreement or the receipt by the Collateral Agent or any other Secured Party of any payment relating to such Account or Contract pursuant hereto, nor shall the Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account (or any agreement giving rise thereto) or any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by them or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto) or Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times.

Grantors Remain Liable Under Accounts and Contracts. Anything herein to the contrary notwithstanding, the Grantors each Grantor shall remain liable under each of the its Accounts and Contracts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Accounts or ContractsAccount and in accordance with and pursuant to the terms and provisions of each such Contract. Neither the The Collateral Agent nor any other Secured Party shall not have any obligation or liability under any Account (or any agreement giving rise thereto) or Contract, in each case under any Contract by reason of or arising out of this Security Agreement or the receipt by the Collateral Agent or any other Secured Party of any payment relating to such Account or Contract pursuant hereto, nor shall the Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account (or any agreement giving rise thereto) or under or pursuant to any Contractcontract, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by them it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto) or under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them it or to which they it may be entitled at any time or times.

Grantors Remain Liable Under Accounts and Contracts. Anything herein Notwithstanding anything to the contrary notwithstandingherein, the Grantors each Grantor shall remain liable under each of the Accounts and Contracts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Accounts or ContractsAccount and in accordance with and pursuant to the terms and provisions of each such Contract. Neither the Collateral Agent Administrative Agent, nor any other Secured Party Lender shall have any obligation or liability under any Account (or any agreement giving rise thereto) or Contract, in each case under any Contract by reason of or arising out of this Security Agreement or the receipt by the Collateral Administrative Agent or any other Secured Party such Lender of any payment relating to such Account or Contract pursuant hereto, nor shall the Collateral Agent or Administrative Agent, nor any other Secured Party Lender be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account (or any agreement giving rise thereto) or under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by them it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto) or under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them it or to which they it may be entitled at any time or times.