Common use of Perform Obligations Clause in Contracts

Perform Obligations. Perform all of Debtor’s duties under and in connection with each transaction to which the Collateral, or any material part thereof, relates, in the ordinary course of business except when in Debtor’s business judgment non-performance is justified. Notwithstanding anything to the contrary contained herein, (i) Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights or remedies hereunder shall not release Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, and (iii) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 28 contracts

Samples: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (Quest Resource Corp)

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Perform Obligations. Perform Fully perform all of Debtor’s duties under and in connection with each transaction to which the Collateral, or any material part thereof, relates, so that the amounts thereof shall actually become payable in the ordinary course of business except when in Debtor’s business judgment non-performance is justifiedtheir entirety to Secured Party. Notwithstanding Furthermore, notwithstanding anything to the contrary contained herein, (i) Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights or remedies hereunder shall not release Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, and (iii) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of Debtor debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Markwest Energy Partners L P), Pledge and Security Agreement (Allis Chalmers Energy Inc.), Credit Agreement (Markwest Hydrocarbon Inc)

Perform Obligations. Perform Fully perform all of Debtor’s duties under and in connection with each transaction to which the Collateral, or any material part thereof, relates, so that the amounts thereof shall actually become payable in the ordinary course of business except when in Debtor’s business judgment non-performance is justifiedtheir entirety to Secured Party. Notwithstanding Furthermore, notwithstanding anything to the contrary contained herein, (i) Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights rights or remedies hereunder shall not release Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, and (iii) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Pledge, Assignment, and Security Agreement (Panda Ethanol, Inc.), Asset Purchase Agreement, Pledge, Assignment, and Security Agreement (Panda Ethanol, Inc.)

Perform Obligations. Perform all of such Debtor’s duties under and in connection with each transaction to which the Collateral, or any material part thereof, relates, in the ordinary course of business except when in such Debtor’s business judgment non-performance is justified. Notwithstanding anything to the contrary contained herein, (i) such Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights or remedies hereunder shall not release such Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, and (iii) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of such Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp)

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Perform Obligations. Perform all of Debtor’s duties under and in connection with each transaction to which the Collateral, or any material part thereof, relates, in the ordinary course of business except when in Debtor’s business judgment non-performance is justified. Notwithstanding anything to the contrary contained herein, (i) such Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights rights or remedies hereunder shall not release such Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, (iii) such Debtor shall not waive or terminate any provision of the contracts, agreements, documents, and instruments included in the Collateral if the effect of such waiver or termination would be materially adverse to Secured Party, including but not limited to rights of payment and enforcement, and (iiiiv) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of such Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (AMERICAN EAGLE ENERGY Corp)

Perform Obligations. Perform Fully perform all of Debtor’s 's duties under ------------------- and in connection with each transaction to which the Collateral, or any material part thereof, relates, so that the amounts thereof shall actually become payable in the ordinary course of business except when in Debtor’s business judgment non-performance is justifiedtheir entirety to Secured Party. Notwithstanding Furthermore, notwithstanding anything to the contrary contained herein, (i) Debtor shall remain liable under the contracts, agreements, documents, and instruments included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by Secured Party of any of its Rights rights or remedies hereunder shall not release Debtor from any of its duties or obligations under the contracts, agreements, documents, and instruments included in the Collateral, and (iii) Secured Party shall not have any indebtedness, liability, or obligation under any of the contracts, agreements, documents, and instruments included in the Collateral by reason of this Security Agreement, and Secured Party shall not be obligated to perform any of the obligations or duties of Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Revolving and Term Loan Credit Agreement (Azz Inc)

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