Common use of Lenders Rights Limitations on Lenders Obligations Clause in Contracts

Lenders Rights Limitations on Lenders Obligations. (a) It is expressly agreed by each Grantor that, anything herein to the contrary notwithstanding, and except as otherwise permitted by the Bankruptcy Code, such Grantor shall remain liable under each of its Contracts and each of its Licenses to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Lender shall not have any obligation or liability under any such Contract or License by reason of or arising out of this Security Agreement or the granting herein of a Lien thereon or the receipt by Lender of any payment relating to any such Contract or License pursuant hereto. Lender shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or pursuant to any such Contract or License, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Contract or License, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times.

Lenders Rights Limitations on Lenders Obligations. (a) 3.1 It is expressly agreed by each Grantor that, anything herein to the contrary notwithstanding, and except as otherwise permitted by the Bankruptcy Code, such Grantor shall remain liable under each of the Liquidation Sales Agreements and its Contracts other contracts and each of its Licenses licenses to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Lender shall not have any obligation or liability under any such Contract Liquidation Sales Agreements, contract or License license by reason of or arising out of this Security Agreement or the granting herein of a Lien thereon or the receipt by Lender of any payment relating to any such Contract Liquidation Sales Agreements, contract or License license pursuant hereto. Lender shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or pursuant to any such Contract Liquidation Sales Agreements, contract or Licenselicense, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Contract Liquidation Sales Agreements, contract or Licenselicense, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that which may have been assigned to it or to which it may be entitled at any time or times.

Lenders Rights Limitations on Lenders Obligations. (a) It is expressly agreed by each Grantor Grantors that, anything herein to the contrary notwithstanding, and except as otherwise permitted by the Bankruptcy Code, such each Grantor shall remain liable for the Collateral and all aspects of the Collateral, including under each of its Contracts (for purposes of this Security Agreement, the term Contracts shall include the Servicing Agreements) and each of its Licenses to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Lender shall not have any obligation or liability under any such Contract or License by reason of or arising out of this Security Agreement or the granting herein of a security interest or Lien thereon or the receipt by Lender of any payment relating to any such Contract or License pursuant hereto. Lender shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or pursuant to any such Contract or License, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Contract or License, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that which may have been assigned to it or to which it may be entitled at any time or times.

Lenders Rights Limitations on Lenders Obligations. (a) 3.1 It is expressly agreed by each Grantor that, anything herein to the contrary notwithstanding, Grantor shall, subject to the terms and except as otherwise permitted by the Bankruptcy Codeconditions contained in such agreements, such Grantor shall remain liable under each of the Liquidation Sales Agreements, Liquidator Joint Venture Agreements, and its Contracts other contracts and each of its Licenses licenses to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Lender shall not have any obligation or liability under any such Contract Liquidation Sales Agreements, Liquidator Joint Venture Agreements, contract or License license by reason of or arising out of this Security Agreement or the granting herein of a Lien thereon or the receipt by Lender of any payment relating to any such Contract Liquidation Sales Agreements, Liquidator Joint Venture Agreements, contract or License license pursuant hereto. Lender shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or pursuant to any such Contract Liquidation Sales Agreements, Liquidator Joint Venture Agreements, contract or Licenselicense, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Contract Liquidation Sales Agreements, Liquidator Joint Venture Agreements, contract or Licenselicense, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that which may have been assigned to it or to which it may be entitled at any time or times.