Common use of No Assumption or Modification Clause in Contracts

No Assumption or Modification. The Security Interest is given as security only in order to secure the prompt, unconditional, and complete payment and performance of the Obligation when due. Neither Secured Party nor any Lender assumes or may become liable for any Debtors' liabilities, duties, or obligations under or in connection with the Collateral. Neither Secured Party's acceptance of this agreement nor its taking any action in carrying out this agreement, constitutes Secured Party's approval of the Collateral or Secured Party's assumption of any obligation under or in connection with the Collateral. This agreement does not affect or modify any Debtors' obligations with respect to any Collateral.

No Assumption or Modification. The Security Interest is given as security only in order to secure the prompt, unconditional, unconditional and complete payment and performance of the Obligation Obligations when due, and is given as security only. Neither Secured Party nor any Lender assumes or may become and Lenders do not assume and shall not be liable for any Debtors' of Debtor's liabilities, duties, or obligations under or in connection with the Collateral. Neither Secured Party's acceptance of this agreement nor Agreement, or its taking any action in carrying out this agreementAgreement, constitutes does not constitute Secured Party's approval of the Collateral or Secured Party's assumption of any obligation under or in connection with the Collateral. This agreement Agreement does not affect or modify any Debtors' Debtor's obligations with respect to any the Collateral.

No Assumption or Modification. The Security Interest is given as security only in order to secure the prompt, unconditional, and complete payment and performance of the Obligation Obligations when due. Neither Secured Party nor any Lender assumes or may become liable for any Debtors' liabilities, duties, or obligations under or in connection with the Collateral. Neither Secured Party's acceptance of this agreement nor its taking any action in carrying out this agreement, constitutes Secured Party's approval of the Collateral or Secured Party's assumption of any obligation under or in connection with the Collateral. This agreement does not affect or modify any Debtors' obligations with respect to any Collateral.

No Assumption or Modification. The Security Interest is given as ----------------------------- security only in order to secure the prompt, unconditional, and complete payment and performance of the Secured Obligation when due. Neither Secured Party nor any Lender assumes or may become liable for any Debtors' Debtor's liabilities, duties, or obligations under or in connection with the Collateral. Neither Secured Party's acceptance of this agreement nor its taking any action in carrying out this agreement, constitutes Secured Party's approval of the Collateral or Secured Party's assumption of any obligation under or in connection with the Collateral. This agreement does not affect or modify any Debtors' Debtor's obligations with respect to any Collateral.