Liability for Deficiency. Neither the acceptance of this Agreement by Secured Party nor any action taken pursuant hereto shall be construed as relieving any party liable for the Obligations from any liability or deficiency thereon. The execution and delivery of this Agreement shall not in any manner affect any other security for the Obligations, nor shall any security taken hereafter as security for the Obligations impair or affect this Agreement.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Vertex Energy Inc.), Pledge and Security Agreement (Vertex Energy Inc.), Supply and Offtake Agreement (Calumet Specialty Products Partners, L.P.)
Liability for Deficiency. Neither the acceptance of this Agreement by Secured Party nor any action taken pursuant hereto shall be construed as relieving any party liable for the Obligations Secured Indebtedness or from any other liability or deficiency thereon. The execution and delivery of this Agreement shall not in any manner affect any other security for the ObligationsSecured Indebtedness, nor shall any security taken hereafter as security for the Obligations Secured Indebtedness impair or affect this Agreement.
Appears in 1 contract