Common use of Pledgors Remain Liable Clause in Contracts

Pledgors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable to perform all of its duties and obligations under the contracts and agreements included in the Collateral to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any other Secured Party of any of the rights hereunder shall not release any Pledgor from any of its duties or obligations under the contracts and agreements included in the Collateral, (c) neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Administrative Agent nor any other Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, and (d) neither the Administrative Agent nor any other Secured Party shall have any liability in contract or tort for any Pledgor’s acts or omissions.

Appears in 2 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

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Pledgors Remain Liable. Anything herein Notwithstanding anything in this Pledge Agreement to the contrary notwithstanding, (a) each Pledgor shall remain liable to perform all of its duties under the applicable partnership agreement, limited liability company agreement, and obligations under the contracts and agreements included in the Collateral to the extent set forth therein, and shall perform all of its duties and obligations under such partnership agreement or limited liability company agreement and such contracts and agreements to the same extent as if this Pledge Agreement had not been executed, (b) ; the exercise by the Administrative Agent or any other Secured Party of any of the their rights hereunder shall not release any Pledgor from any of its duties or obligations under the such partnership agreement, limited liability company agreement or any such contracts and or agreements included in the Collateral, (c) ; and neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under the such partnership agreement, limited liability company agreement or any contracts and or agreements included in the Collateral by reason of this Pledge Agreement, nor shall the Administrative Agent nor or any other Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder under any partnership agreement or limited liability company agreement or to take any action to collect or enforce any claim for payment assigned hereunder, and (d) neither the Administrative Agent nor any other Secured Party shall have any liability in contract or tort for any Pledgor’s acts or omissions.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Pledgors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable under the contracts and agreements included in such Pledgor’s Collateral to the extent set forth therein to perform all of its duties and obligations under the contracts and agreements included in the Collateral thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Collateral Agent or any other Secured Party of any of the rights hereunder shall not release any Pledgor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither the Administrative Agent nor any other no Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, any other Loan Document (other than the safe keeping of the certificates, if any, evidencing the Security Collateral from the date of receipt by the Collateral Agent of such certificates), any Secured Hedge Agreement or any Secured Cash Management Agreement, nor shall the Administrative Agent nor any other Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, and (d) neither the Administrative Agent nor any other Secured Party shall have any liability in contract or tort for any Pledgor’s acts or omissions.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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Pledgors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable under the contracts and agreements included in such Pledgor’s Collateral to the extent set forth therein to perform all of its duties and obligations under the contracts and agreements included in the Collateral thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Collateral Agent or any other Secured Party of any of the rights hereunder shall not release any Pledgor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither the Administrative Agent nor any other no Secured Party shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall the Administrative Agent nor any other Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, and (d) neither the Administrative Agent nor any other Secured Party shall have any liability in contract or tort for any Pledgor’s acts or omissions.

Appears in 1 contract

Samples: Domestic Pledge Agreement (Sensata Technologies B.V.)

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