Common use of Limitation on Liability of Secured Parties and Collateral Agent Clause in Contracts

Limitation on Liability of Secured Parties and Collateral Agent. Secured Parties and Collateral Agent shall not be deemed, as a result of the execution and delivery of the Shared Security Documents or the consummation of the transactions contemplated by this Agreement and the Shared Security Documents, to have assumed any obligation of any Credit Party with respect to the Common Collateral or any liability under or with respect to any of the contracts, agreements, leases, instruments or documents which are, or which may hereafter be, assigned to Collateral Agent for the benefit of Secured Parties. Intercreditor Agreement

Appears in 2 contracts

Samples: Intercreditor Agreement (Quest Energy Partners, L.P.), Intercreditor Agreement (Quest Resource Corp)

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Limitation on Liability of Secured Parties and Collateral Agent. Secured Parties and Collateral Agent shall not be deemed, as a result of the execution and delivery of the Shared Security Documents or the consummation of the transactions contemplated by this Agreement and the Shared Security Documents, to have assumed any obligation of any Credit Party Obligor with respect to the Common Collateral or any liability under or with respect to any of the contracts, agreements, leases, instruments or documents which are, or which may hereafter be, assigned to Collateral Agent for the benefit of Secured Parties. Intercreditor Agreement.

Appears in 1 contract

Samples: And Collateral Agency Agreement (Quest Resource Corp)

Limitation on Liability of Secured Parties and Collateral Agent. Secured Parties and Collateral Agent shall not be deemed, as a result of the execution and delivery of the Shared Security Documents or the consummation of the transactions contemplated by this Agreement and the Shared Security Intercreditor and Collateral Agency Agreement 34 Documents, to have assumed any obligation of any Credit Party the Obligor with respect to the Common Collateral or any liability under or with respect to any of the contracts, agreements, leases, instruments or documents which are, or which may hereafter be, assigned to Collateral Agent for the benefit of Secured Parties. Intercreditor and Collateral Agency Agreement

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)

Limitation on Liability of Secured Parties and Collateral Agent. Secured Parties and Collateral Agent shall not be deemed, as a result of the execution and delivery of the Shared Security Documents or the consummation of the transactions contemplated by this Agreement and the Shared Security Documents, to have assumed any obligation of any Credit Party Obligor with respect to the Common Collateral or any liability under or with respect to any of the contracts, agreements, leases, instruments or documents which are, or which may hereafter be, assigned to Collateral Agent for the benefit of Secured Parties. Intercreditor Agreementand Collateral Agency Agreement Exhibit A Page 38

Appears in 1 contract

Samples: Credit Agreement (Quest Energy Partners, L.P.)

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Limitation on Liability of Secured Parties and Collateral Agent. Secured Parties and Collateral Agent shall not be deemed, as a result of the execution and delivery of the Shared Security Documents or the consummation of the transactions contemplated by this Agreement and the Shared Security Documents, to have assumed any obligation of any Credit Party Obligor with respect to the Common Collateral or any liability under or with respect to any of the contracts, agreements, leases, instruments or documents which are, or which may hereafter be, assigned to Collateral Agent for the benefit of Secured Parties. Amended and Restated Intercreditor Agreementand Collateral Agency Agreement 39

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)

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