Common use of Grantors Remain Liable Under Contracts Clause in Contracts

Grantors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, the Grantors shall remain liable under each of the Contracts to observe and perform all of the conditions and obligations to be observed and performed by them thereunder, all in accordance with and pursuant to the terms and provisions of each Contract. Neither the Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any Contract by reason of or arising out of this Agreement, nor shall the Collateral Agent or any other Secured Creditor be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party 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 or to which they may be entitled at any time or times.

Grantors Remain Liable Under Contracts. Anything herein to Each Grantor (rather than the contrary notwithstanding, the Grantors Agent or any Secured Party) shall remain liable under each of the Contracts (as between itself and any relevant counterparty) to observe and perform all of the conditions and obligations to be observed and performed by them thereunderit under any Contract relating to the Collateral, all in accordance with and pursuant to the terms and provisions of each Contractconditions thereof. Neither the Collateral Agent nor any other Secured Creditor Party shall have any obligation or liability under any Contract by reason of or arising out of this Agreement, nor shall Security Agreement or the Collateral receipt by the Agent or any other Secured Creditor Party of any payment relating to such Contract pursuant hereto, nor shall the 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 Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party 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 or to which they may be entitled at any time or times.

Grantors Remain Liable Under Contracts. Anything herein to Each Grantor (rather than the contrary notwithstanding, the Grantors Agent or any Secured Party) shall remain liable under each of the Contracts (as between itself and any relevant counterparty) to observe and perform all of the conditions and obligations to be observed and performed by them thereunderit under each Contract relating to the Collateral, all in accordance with and pursuant to the terms and provisions of each Contractconditions thereof. Neither the Collateral Agent nor any other Secured Creditor Party shall have any obligation or liability under any Contract by reason of or arising out of this Agreement, nor shall Security Agreement or the Collateral receipt by the Agent or any other Secured Creditor Party of any payment relating to such Contract pursuant hereto, nor shall the 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 Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party 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 or to which they may be entitled at any time or times.

Grantors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, the Grantors shall remain liable under each of the Contracts to observe and perform all of the conditions and obligations to be observed and performed by them thereunder, all in accordance with and pursuant to the terms and provisions of each Contract. Neither the Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any Contract by reason of or arising out of this Agreement, nor shall the Collateral Agent or any other Secured Creditor be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party 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 or to which they may be entitled at any time or times.