Common use of LIABILITY TO PERFORM Clause in Contracts

LIABILITY TO PERFORM. Notwithstanding anything to the contrary herein contained, the Chargor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of the Charged Assets and, without limitation, to pay all calls or other payments that may become due in respect of any of the Charged Assets. Notwithstanding the provisions of Clause 9.6 (Calls), the Security Trustee shall not be required in any manner to perform or fulfil any obligation of the Chargor in respect of the Charged 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 or times.

LIABILITY TO PERFORM. Notwithstanding anything to the contrary herein contained, the Chargor shall remain liable to observe and perform all of the conditions and obligations assumed by it in respect of the Charged Security Assets and, without limitation, to pay all calls or other payments that may become due in respect of any of the Charged Security Assets. Notwithstanding the provisions of Clause 9.6 5.1 (Calls), the Security Trustee Administrative Agent shall not be required in any manner to perform or fulfil any obligation of the Chargor in respect of the Charged Security 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 or times.