Common use of Guarantor Remains Liable Clause in Contracts

Guarantor Remains Liable. Anything herein to the contrary notwithstanding, (a) Guarantor shall remain liable under the contracts and agreements included in 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 Collateral Agent for the benefit of the Lenders of any of the rights hereunder shall not release Guarantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Collateral Agent shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Collateral Agent be obligated to perform any of the obligations or duties of Guarantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Form of Guarantor Security Agreement (Airgate PCS Inc /De/)

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Guarantor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Guarantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Collateral the Agent for the benefit of the Lenders or any Bank of any of the rights hereunder shall not release the Guarantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Collateral neither the Agent nor any Bank shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Collateral the Agent or any Bank be obligated to perform any of the obligations or duties of the Guarantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hallwood Group Inc)

Guarantor Remains Liable. Anything contained herein to the contrary notwithstanding, (a) Guarantor shall remain liable under the contracts and agreements included in 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 Collateral Agent for the benefit of the Lenders Crestmark of any of its rights under the rights hereunder shall Loan Agreement, Loan Documents, including the Guaranty, or this Agreement shalJ not release the Guarantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) Collateral Agent Crestmark shall not have any no obligation or liability lia bility under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Collateral Agent Crestrnark be obligated to perform any of the obligations or duties of Guarantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunderthereunder.

Appears in 1 contract

Samples: Security Agreement (SMG Indium Resources Ltd.)

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Guarantor Remains Liable. Anything herein to the contrary notwithstanding, (a) Guarantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by Collateral the Agent for the benefit of the Lenders or any Bank of any of the rights hereunder shall not release Guarantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) Collateral neither the Agent nor any Bank shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall Collateral the Agent or any Bank be obligated to perform any of the obligations or duties of Guarantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Boundless Corp)

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