Common use of Responsibility for Collateral Clause in Contracts

Responsibility for Collateral. Obligor assumes all liabilities and responsibility in connection with all Collateral, and the 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 3 contracts

Sources: Loan Agreement (Eastside Distilling, Inc.), Debt Satisfaction Agreement (Eastside Distilling, Inc.), Security Agreement (Eastside Distilling, Inc.)

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

Appears in 3 contracts

Sources: Security Agreement (Goldspring Inc), Security Agreement (Goldspring Inc), Security Agreement (Goldspring Inc)

Responsibility for Collateral. Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Notes 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

Sources: Security Agreement (INVO Fertility, Inc.), Security Agreement (iQSTEL Inc)

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

Appears in 2 contracts

Sources: Security Agreement (Tactical Air Defense Services, Inc.), Asset Purchase Agreement (Tactical Air Defense Services, Inc.)

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

Appears in 1 contract

Sources: Security Agreement (Targeted Medical Pharma, Inc.)

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

Appears in 1 contract

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

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

Appears in 1 contract

Sources: Intellectual Property Security Agreement (Bio Solutions Manufacturing, Inc.)

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

Appears in 1 contract

Sources: Security Agreement (Vsus Technologies Inc)

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

Appears in 1 contract

Sources: Security Agreement (Driven Deliveries, Inc.)