Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Pledgor shall remain liable to perform all of its duties and obligations as an owner of the Pledged Interests, to the same extent as if this Pledge Agreement had not been executed; (b) the exercise by either Administrative Agent or any other Secured Party of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations as owner of the Pledged Interests; and (c) neither Administrative Agent nor any other Secured Party shall have any obligation or liability as an owner of any Pledged Interest as applicable, by reason of this Pledge Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Titan Corp), Credit Agreement (Titan Corp)
Pledgor Remains Liable. Anything herein to the contrary notwithstanding,
, (a) the Pledgor shall remain liable to perform all of its their duties and obligations as an owner a shareholder of the Pledged Interests, Issuer to the same extent as if this Pledge Agreement had not been executed;
, (b) the exercise by either Administrative Agent or any other the Secured Party of any of its rights hereunder shall not release the Pledgor from any of its their duties or obligations as owner a shareholder of the Pledged Interests; and
Issuer (unless and until Pledgor is no longer a shareholder of the Issuer), and (c) neither Administrative Agent nor any other the Secured Party shall have any no obligation or liability as an owner a shareholder of any Pledged Interest as applicable, the Issuer by reason of this Pledge Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (General Finance CORP)
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 an owner of the Pledged Interests, to the same extent as if this Pledge Agreement had not been executed;
(b) the exercise by either the Administrative Agent or any other Secured Party of any of its rights hereunder shall not release the any Pledgor from any of its duties or obligations as owner of the Pledged Interests; and
(c) neither the Administrative Agent nor any other Secured Party shall have any obligation or liability as an owner of any Pledged Interest as applicable, by reason of this Pledge Agreement.
Appears in 1 contract
Samples: Pledge Agreement (Titan 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 an owner of the Pledged Interests, to the same extent as if this Pledge Agreement had not been executed;
(b) the exercise by either the Administrative Agent or any other Secured Party of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations as owner of the Pledged Interests; and
(c) neither the Administrative Agent nor any other Secured Party shall have any obligation or liability as an owner of any Pledged Interest as applicable, by reason of this Pledge Agreement.
Appears in 1 contract
Samples: Pledge Agreement (Titan Corp)
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 an owner of the Pledged Interests, to the same extent as if this Pledge Agreement had not been executed;
(b) the exercise by either Administrative Agent or any other Secured Party of any of its rights hereunder shall not release the any Pledgor from any of its duties or obligations as owner of the Pledged Interests; and
(c) neither Administrative Agent nor any other Secured Party shall have any obligation or liability as an owner of any Pledged Interest as applicable, by reason of this Pledge Agreement.
Appears in 1 contract
Samples: Credit Agreement (Titan Corp)