Common use of Responsibility for Collateral Clause in Contracts

Responsibility for Collateral. The Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations 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 15 contracts

Samples: Security Agreement (VCG Holding Corp), Securities Purchase Agreement (Sunburst Acquisitions Iv Inc), Security Agreement (Maverick Oil & Gas, Inc.)

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Responsibility for Collateral. The Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations 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 5 contracts

Samples: Pledge and Security Agreement (Maverick Oil & Gas, Inc.), Security Agreement (Zone Mining LTD), Security Agreement (Rapid Link Inc)

Responsibility for Collateral. The Each Debtor assumes all liabilities and responsibility in connection with all CollateralCollateral (except for such Collateral that is perfected by possession or control and only to the extent such is in the possession of a Secured Party or its agent), and the Obligations 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 4 contracts

Samples: Pledge and Security Agreement (Guardian 8 Holdings), Pledge and Security Agreement (EnerJex Resources, Inc.), Pledge and Security Agreement (PRB Energy, Inc.)

Responsibility for Collateral. The Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations will 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 (Segmentz Inc), Security Agreement (Segmentz Inc)

Responsibility for Collateral. The Each Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of such Debtor hereunder, under the Debentures or under the IP Security Agreement 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 (Arotech Corp), Security Agreement (Visual Networks Inc)

Responsibility for Collateral. The Debtor assumes Debtors jointly and severally assume all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of a Debtor hereunder or under the Note 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: Intellectual Property Security Agreement (E Digital Corp), Security Agreement (E Digital Corp)

Responsibility for Collateral. The Each Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of such Debtor hereunder, under the Debentures or under the Security Agreement 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: Intellectual Property Security Agreement (Arotech Corp), Intellectual Property Security Agreement (Visual Networks Inc)

Responsibility for Collateral. The Debtor Borrower assumes all liabilities and responsibility in connection with all Collateral, up to the limits of insurance proceeds, and the Obligations obligations of the Borrower hereunder or under the Loan 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 1 contract

Samples: Security Agreement (Basin Water, Inc.)

Responsibility for Collateral. The Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Debtor hereunder or under the Debentures 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: Intellectual Property Security Agreement (Earthshell Corp)

Responsibility for Collateral. The Debtor assumes all ----------------------------- liabilities and responsibility in connection with all Collateral, and the Obligations 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 1 contract

Samples: Security Agreement (Applied Digital Solutions Inc)

Responsibility for Collateral. The Debtor assumes Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations 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.. Without limiting the generality of the foregoing, (a) neither the Collateral Agent nor any Secured Party (i) has any duty (either before or after an Event of

Appears in 1 contract

Samples: Security Agreement (Vaccinex, Inc.)

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Responsibility for Collateral. The Each Debtor assumes all --------------------------------- liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Debtors hereunder or under the Debentures 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 1 contract

Samples: Security Agreement (Achievement Tech Holdings Inc /Id/)

Responsibility for Collateral. The Debtor Borrower assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of Borrower 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 1 contract

Samples: Security Agreement (Mr3 Systems Inc)

Responsibility for Collateral. The Each Debtor assumes all liabilities and responsibility in connection with all CollateralCollateral (except for such Collateral that is perfected by possession or control and only to the extent such is in the possession of the Secured Party or its agent), and the Obligations 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 1 contract

Samples: Pledge and Security Agreement (Tribeworks Inc)

Responsibility for Collateral. The Each Debtor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of such Debtor hereunder, under the Securities or under the Security Agreement 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 1 contract

Samples: Intellectual Property Security Agreement (Arotech Corp)

Responsibility for Collateral. The Debtor assumes all --------------------------------- liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Debtor hereunder or under the Debentures 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 1 contract

Samples: Intellectual Property Security Agreement (Achievement Tech Holdings Inc /Id/)

Responsibility for Collateral. The Debtor Borrower assumes all liabilities and responsibility in connection with all Collateral, and the Obligations of the Borrower hereunder or under the Loan Documents 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 1 contract

Samples: Loan Agreement (Us Farms, Inc.)

Responsibility for Collateral. The Debtor assumes Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations 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 1 contract

Samples: Security Agreement (Uni-Pixel)

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