Common use of LIABILITY TO PERFORM AND FURTHER ASSURANCES Clause in Contracts

LIABILITY TO PERFORM AND FURTHER ASSURANCES. (a) Notwithstanding anything to the contrary contained in this Pledge Agreement, the Pledgor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of the Pledged Assets and the Collateral Agent shall be under no obligation or liability by reason of or arising out of this Pledge Agreement. The Collateral Agent shall not be required in any manner to perform or fulfil any obligations of the Pledgor in respect of the Pledged Assets, or to make any payment, or to make any enquiry as to the nature or sufficiency of any payment received by it, or to present or file any claim or take any other action to collect or enforce the payment of any amount to which it may have been or to which it may be entitled hereunder at any time.