Responsibilities of the Sellers. Anything herein to the contrary notwithstanding: (a) Each Seller shall perform its obligations under the Contracts related to the Seller Receivables to the same extent as if the Receivable Assets had not been sold and the exercise by the Buyer or the Agent of its rights hereunder or under the Receivables Purchase Agreement shall not release the Buyer’s Servicer or such Seller from any of its duties or obligations with respect to any Seller Receivables or under the related Contracts; and (b) Neither the Buyer nor the Agent nor the Purchasers nor any other Indemnified Party shall have any obligation or liability with respect to any Seller Receivables or related Contracts, nor shall any of them be obligated to perform any of the obligations of any Seller thereunder.
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Samples: Receivables Sale Agreement (Chemtura CORP), Receivables Sale Agreement (Equistar Chemicals Lp)
Responsibilities of the Sellers. Anything herein to the contrary notwithstanding:
(a) Each Seller shall perform its obligations under the Contracts related to the Seller Receivables to the same extent as if the Receivable Assets Receivables, Related Security and Collections had not been sold and the exercise by the Buyer Buyer, the Administrative Agent or the Agent Co-Collateral Agents of its their rights hereunder or under the Receivables Purchase Second Tier Agreement shall not release the Buyer’s Servicer Collection Agent or such Seller from any of its duties or obligations with respect to any Seller Receivables or under the related Contracts; and
(b) Neither the Buyer nor the Administrative Agent nor the Co-Collateral Agents nor the Purchasers nor any other Seller Indemnified Party shall have any obligation or liability with respect to any Seller Receivables or related Contracts, nor shall any of them be obligated to perform any of the obligations of any Seller thereunder.
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Responsibilities of the Sellers. Anything herein to the contrary notwithstanding:
(a) Each Seller shall perform its obligations under the Contracts related to the Seller Receivables to the same extent as if the Receivable Assets had not been sold and the exercise by the Buyer or the Agent of its rights hereunder or under the Receivables Purchase Agreement shall not release the Buyer’s Servicer or such Seller from any of its duties or obligations with respect to any Seller Receivables or under the related Contracts; and
(b) Neither the Buyer nor the Agent nor the Purchasers Owners nor any other Indemnified Party shall have any obligation or liability with respect to any Seller Receivables or related Contracts, nor shall any of them be obligated to perform any of the obligations of any the Seller thereunder.
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