Common use of Responsibility for Collateral Clause in Contracts

Responsibility for Collateral. The Obligors 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 9 contracts

Samples: Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.), Financing Agreement (Elevate Credit, Inc.)

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Responsibility for Collateral. The Obligors assume Obligor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Obligor 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 7 contracts

Samples: Security Agreement (INVO Bioscience, Inc.), Security Agreement (Telemynd, Inc.), Security Agreement (Salon Media Group Inc)

Responsibility for Collateral. The Obligors assume Obligor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Obligor 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 3 contracts

Samples: Security Agreement (Driven Deliveries, Inc.), Security Agreement (Driven Deliveries, Inc.), Security Agreement (HII Technologies, Inc.)

Responsibility for Collateral. The Obligors assume Each Obligor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Obligors 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 1 contract

Samples: Security Agreement (Bio Solutions Manufacturing, Inc.)

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Responsibility for Collateral. The Obligors assume Each Obligor assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of the Obligors 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: Intellectual Property Security Agreement (Bio Solutions Manufacturing, Inc.)

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