Common use of Grantors Remains Liable Clause in Contracts

Grantors Remains Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in such Grantor’s Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) no Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Mirion Technologies, Inc.), Credit Agreement (Mirion Technologies, Inc.)

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Grantors Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the any contracts and agreements included in such Grantor’s Collateral the Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative Agent Secured Party of any of the its rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral Collateral, and (c) no Secured Party shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (MBW Foods Inc), Security Agreement (Outsourcing Solutions Inc)

Grantors Remains Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the any contracts and agreements included in such Grantor’s the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the any contracts and agreements included in the Collateral Collateral, and (c) no neither the Collateral Agent nor any Secured Party Creditor shall have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party of them be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Volt Information Sciences Inc)

Grantors Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each Each Grantor shall remain liable under the any contracts and agreements included in such Grantor’s Collateral the Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative Agent Secured Party of any of the its rights hereunder shall not release any Grantor Grantors from any of its their duties or obligations under the contracts and agreements included in the Collateral Collateral, and (c) no Secured Party shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Grantors Remains Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements (including, without limitation, the Assigned Agreements) included in such Grantor’s the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements (including, without limitation, the Assigned Agreements) included in the Collateral and (c) no neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under the contracts and agreements (including, without limitation, the Assigned Agreements) included in the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Marina District Development Company, LLC)

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Grantors Remains Liable. Anything herein to the contrary notwithstanding, (a) each Grantor the Grantors shall remain liable under the contracts Accounts, Chattel Paper, General Intangibles and agreements other items included in such Grantor’s the Collateral to the extent set forth therein to perform all of its their duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative Agent the Secured Party of any of the rights hereunder shall not release the Grantors or any Grantor of them from any of its their duties or obligations under the contracts and agreements any items included in the Collateral Collateral, and (c) no the Secured Party shall have any no obligation or liability under the contracts Accounts, Chattel Paper, General Intangibles and agreements other items included in the Collateral by reason of this Agreement, nor shall any the Secured Party be obligated to perform any of the obligations or duties of any Grantor the Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Sunlink Health Systems Inc)

Grantors Remains Liable. Anything contained herein to the contrary notwithstanding, (a) each Grantor Grantors shall remain liable under the any contracts and agreements included in such Grantor’s Collateral the Collateral, to the extent set forth therein therein, to perform all of its their respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by either Administrative Agent Secured Party of any of the its rights hereunder shall not release any Grantor Grantors from any of its their respective duties or obligations under the contracts and agreements included in the Collateral Collateral, and (c) no Secured Party shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this AgreementAgreement or otherwise, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Grantor Grantors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Eldorado Resorts LLC)

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