Common use of Responsibility for Collateral Clause in Contracts

Responsibility for Collateral. The Grantor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Grantor hereunder or under the Notes shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 2 contracts

Samples: Security Agreement (True Drinks Holdings, Inc.), Security Agreement (True Drinks Holdings, Inc.)

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Responsibility for Collateral. The Grantor assumes Grantors assume all liabilities and responsibility in connection with all Collateral, and the obligations of the Grantor Grantors hereunder or under the Notes shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unenforceability or unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (Markland Technologies Inc)

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Responsibility for Collateral. The Grantor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Grantor hereunder or under the Notes shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unenforceability or unavailability for any reason.

Appears in 1 contract

Samples: Stock Pledge Agreement (Markland Technologies Inc)

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