Originators Remain Liable. It is expressly agreed by the Originators that, anything herein to the contrary notwithstanding, each Originator shall remain liable to the Obligor (and any other party to the related Contract) under any and all of the Transferred Receivables originated by it and under the Contracts therefor to observe and perform all the conditions and obligations to be observed and performed by it thereunder. Buyer shall not have any obligation or liability to the Obligor or any other party to the related Contract under any such Transferred Receivables or Contracts by reason of or arising out of this Agreement or the granting herein of a Lien thereon or the receipt by Buyer of any payment relating thereto pursuant hereto. The exercise by Buyer of any of its rights under this Agreement shall not release any Originator from any of its respective duties or obligations under any such Transferred Receivables or Contracts. Buyer shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Originator under or pursuant to any such Transferred Receivable or Contract, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Transferred Receivable or Contract, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that may have been assigned to it or to which it may be entitled at any time.
Originators Remain Liable. 28 ARTICLE VIII PERFORMANCE UNDERTAKING.............................................. 28
Originators Remain Liable. It is expressly agreed by each Originator that, anything herein to the contrary notwithstanding, such Originator shall remain liable under any and all of the Receivables originated by it, the Contracts therefor and all other Originator Collateral to, in all material respects, observe and perform all the conditions and obligations to be observed and performed by it thereunder. MRFC shall not have any obligation or liability under any such Originator Collateral by reason of or arising out of this Purchase Agreement or the granting herein of a Lien thereon or the receipt by MRFC of any payment relating thereto pursuant hereto. The exercise by MRFC of any of its rights under this Purchase Agreement shall not release any Originator from any of its duties or obligations under any such Originator Collateral. MRFC shall not be required or obligated in any manner to perform or fulfill any of the obligations of any Originator under or pursuant to any such Originator Collateral, or to make any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance by any party under any such Originator Collateral, or to present or file any claims, or to take any action to collect or enforce any performance or the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times.
