Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Pledgor shall remain liable to perform all of its duties and obligations as a partner or member of the Partnerships to the same extent as if this Pledge Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations as a partner or member of the Partnerships, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner or member of the Partnerships by reason of this Pledge Agreement.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Proassurance Corp), Pledge and Security Agreement (Medical Assurance Inc), Pledge and Security Agreement (Proassurance Corp)
Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Pledgor shall remain liable to perform all of its duties and obligations as a partner or member of the Partnerships to the same extent as if this Pledge Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations as a partner or member of the Partnerships, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner or member of the Partnerships by reason of this Pledge Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Breed Technologies Inc), Pledge Agreement (Corrections Corporation of America)
Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Pledgor shall remain liable to perform all of its duties and obligations as a partner or member of the Partnerships to the same extent as if this Pledge Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations as a partner or member of the Partnerships, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner or member of the Partnerships by reason of this Pledge Agreement.
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Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) the each Pledgor shall remain liable to perform all of its duties and obligations as a partner or member of the Partnerships Partnerships/LLCs to the same extent as if this Pledge Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release the any Pledgor from any of its duties or obligations as a partner or member of the Partnerships, /LLCs and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner or member of the Partnerships Partnerships/LLCs by reason of this Pledge Agreement.
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