Common use of Lender’s Obligations and Duties Clause in Contracts

Lender’s Obligations and Duties. Anything in this Agreement to the contrary notwithstanding, the Borrower shall remain obligated and liable under each contract or agreement comprised in the Collateral to be observed or performed by the Borrower thereunder. The Lenders shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the receipt by a Lender of any payment relating to any of the Collateral, nor shall the Lenders be obligated in any manner to perform any of the obligations of the Borrower under any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by a Lender in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or agreement, 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 a Lender or to which a Lender may be entitled at any time or times.

Lender’s Obligations and Duties. Anything in this Agreement to the contrary notwithstanding, the Borrower shall remain obligated and liable under each contract or agreement comprised in the Collateral to be observed or performed by the Borrower thereunder. The Lenders Lender shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the receipt by a the Lender of any payment relating to any of the Collateral, nor shall the Lenders Lender be obligated in any manner to perform any of the obligations of the Borrower under any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by a the Lender in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or agreement, 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 a the Lender or to which a the Lender may be entitled at any time or times.

Lender’s Obligations and Duties. Anything in this Agreement herein to the contrary notwithstanding, the Borrower Debtor shall remain obligated and liable under each contract or agreement comprised in the Collateral to be observed or performed by the Borrower Debtor thereunder. The Lenders Lender shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the receipt by a the Lender of any payment relating to any of the Collateral, nor shall the Lenders Lender be obligated in any manner to perform any of the obligations of the Borrower Debtor under or pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency of any payment received by a the Lender in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or agreement, 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 a the Lender or to which a the Lender may be entitled at any time or times.