Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent and the Lenders of their rights hereunder shall not release the Servicer, the Originator or the Borrower from any of its duties or obligations with respect to any Receivables or under the related Contracts. The Lenders shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower or Originator.
Appears in 2 contracts
Samples: Credit and Security Agreement (Zep Inc.), Credit and Security Agreement (Acuity Brands Inc)
Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent and the Lenders of their rights hereunder shall not release the Servicer, the Originator or the Borrower from any of its their duties or obligations with respect to any Receivables or under the related Contracts. The Lenders shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower or OriginatorBorrower.
Appears in 2 contracts
Samples: Credit and Security Agreement (Bell Microproducts Inc), Credit and Security Agreement (Bell Microproducts Inc)
Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and the Lenders of their rights hereunder shall not release the Servicer, the Originator any Transferor or the Borrower from any of its their duties or obligations with respect to any Receivables or under the related Contracts. The Lenders shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower or OriginatorBorrower.
Appears in 1 contract
Samples: Credit and Security Agreement (International Paper Co /New/)
Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent and the Lenders of their rights hereunder shall not release the Servicer, the Originator PMC or the Borrower from any of its their duties or obligations with respect to any Receivables Pool Loans or under the related ContractsLoan Documents. The Lenders shall have no obligation or liability with respect to any Receivables Pool Loans or related ContractsLoan Documents, nor shall any of them be obligated to perform the obligations of the Borrower or OriginatorBorrower.
Appears in 1 contract
Samples: Credit and Security Agreement (PMC Commercial Trust /Tx)
Responsibilities of Borrower. Anything herein to the contrary notwithstanding, the exercise by the Agent Administrative Agent, the Committed Banks and the Lenders Lender of their rights hereunder shall not release the Master Servicer, the any Originator or the Borrower from any of its their duties or obligations with respect to any Receivables or under the related Contracts. The Lenders None of the Administrative Agent, the Lender nor the Committed Banks shall have no any obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower or OriginatorBorrower.
Appears in 1 contract
Samples: Credit and Security Agreement (Louisiana Pacific Corp)
Responsibilities of Borrower. Anything herein to the ---------------------------- contrary notwithstanding, the exercise by the Agent and the Lenders of their rights hereunder shall not release the Servicer, the any Originator or the Borrower from any of its their duties or obligations with respect to any Receivables or under the related Contracts. The Neither the Agent nor the Lenders shall have no any obligation or liability with respect to any Receivables Receivable or related Contracts, nor shall any of them be obligated Contracts to perform the obligations of the Borrower or Originatorthat give rise to such Receivable.
Appears in 1 contract
Samples: Credit and Security Agreement (Mohawk Industries Inc)
