Common use of Responsibilities of the Borrower Clause in Contracts

Responsibilities of the 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, Seller, any Originator or the Borrower from any of 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, Seller or any Originator with respect to an Obligor.

Appears in 5 contracts

Samples: Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc), Credit and Security Agreement (Martin Marietta Materials Inc)

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Responsibilities of the Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and Agent, on behalf of the Lenders Lender, of their the Agent’s rights hereunder shall not release the Servicer, Sellerthe Originator, any Originator FreightValue or the Borrower from any of their duties or obligations with respect to any Purchased Receivables or under the related Contracts. The Lenders Agent and the Lender 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, Seller Borrower or any the Originator with respect to an Obligorthereunder.

Appears in 2 contracts

Samples: Receivables Loan Agreement (Arkansas Best Corp /De/), Receivables Loan Agreement (Arkansas Best Corp /De/)

Responsibilities of the Borrower. Anything herein Notwithstanding anything to the contrary notwithstandingcontained herein, the exercise by the Administrative Agent and the Lenders of their rights hereunder shall not release the Servicer, Seller, any Originator or the Borrower from any of their duties or obligations with respect to any the Receivables or under the related Contracts. The Neither the Administrative Agent nor any of the Lenders shall have no any obligation or liability with respect to any the Receivables or the related Contracts, nor shall any of them be obligated to perform the obligations of the Borrower, Seller or any Originator with respect to an Obligor.

Appears in 2 contracts

Samples: Receivables Facility Credit Agreement (Anixter International Inc), Credit Agreement (Anixter International Inc)

Responsibilities of the Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and the Lenders Lender of their its rights hereunder shall not release the Master Servicer, Seller, any Originator or the Borrower from any of their duties or obligations with respect to any Receivables or under the related Contracts, as applicable. The Lenders Lender 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, Seller Borrower or any Originator with respect to an Obligorthe applicable Originator.

Appears in 1 contract

Samples: Credit and Security Agreement (Tempur Sealy International, Inc.)

Responsibilities of the Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and Agent, on behalf of the Lenders Secured Parties, of their the Agent’s rights hereunder shall not release the Servicer, Sellerany Originator, any Originator or the Borrower from any of their duties or obligations with respect to any Purchased Receivables or under the related Contracts. The Lenders Agent, the LC Issuer and the Lender 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, Seller Borrower or any Originator with respect to an Obligorthereunder.

Appears in 1 contract

Samples: Receivables Loan Agreement (Arcbest Corp /De/)

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Responsibilities of the Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and Agent, on behalf of the Lenders Secured Parties, of their the Administrative Agent’s rights hereunder shall not release the Servicer, Sellerany Originator, any Originator or the Borrower from any of their duties or obligations with respect to any Purchased Receivables or under the related Contracts. The Administrative Agent, the LC Issuer and 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, Seller Borrower or any Originator with respect to an Obligorthereunder.

Appears in 1 contract

Samples: Receivables Loan Agreement (Arcbest Corp /De/)

Responsibilities of the Borrower. Anything herein to the contrary notwithstanding, the exercise by the Administrative Agent and Agent, on behalf of the Lenders Secured Parties, of their the Agent’s rights hereunder shall not release the Servicer, Sellerany Originator, any Originator or the Borrower from any of their duties or obligations with respect to any Purchased Receivables or under the related Contracts. The Agent, the LC Issuer and 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, Seller Borrower or any Originator with respect to an Obligorthereunder.

Appears in 1 contract

Samples: Receivables Loan Agreement (Arcbest Corp /De/)

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