Common use of Rights of Lender; Limitations on Lender’s Obligations Clause in Contracts

Rights of Lender; Limitations on Lender’s Obligations. Lender shall not have any obligation or liability by reason of or arising out of this Agreement or the receipt by Lender of any payment relating to any Pledged Collateral pursuant hereto (other than to return all or a portion of such payment if either Lender or Pledgor would be required by law to do so), nor shall Lender be obligated in any manner (a) to perform any of the duties or obligations of Pledgor under or pursuant to the Operating Agreements, (b) to make any payment or to make any inquiry as to the nature or the sufficiency of any payment received by Lender or as to the sufficiency of any performance by any party under the Operating Agreements or (c) to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to Lender or to which it may be entitled at any time or times, pursuant to this Agreement or the Operating Agreements.

Rights of Lender; Limitations on Lender’s Obligations. It is expressly agreed by the Company that, anything herein to the contrary notwithstanding, the Company shall remain liable under each of its contracts and documents to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with and pursuant to the terms and provisions of its contracts and documents. Lender shall not have any no obligation or liability under any of the Company’s contracts and documents by reason of or arising out of this Security Agreement or the granting to Lender of a security interest therein or the receipt by Lender of any payment relating to any Pledged Collateral of its contracts and documents pursuant hereto (other than to return all or a portion of such payment if either Lender or Pledgor would be required by law to do so)hereto, nor shall Lender be required or obligated in any manner (a) to perform or fulfill any of the duties or obligations of Pledgor the Company under or pursuant to the Operating Agreementsany of its contracts and documents, (b) or to make any payment payment, or to make any inquiry as to the nature or the sufficiency of any payment received by Lender it or as to the sufficiency of any performance by any party under the Operating Agreements any of its contracts and documents, or (c) to present or file any claim, or to take any action to collect or enforce any performance or to collect the payment of any amounts which may have been assigned to Lender it or to which it may be entitled at any time or times, pursuant to this Agreement or the Operating Agreements.

Rights of Lender; Limitations on Lender’s Obligations. It is expressly agreed by Entrust Mortgage that, anything herein to the contrary notwithstanding, Entrust Mortgage shall remain liable under each Contract and Document to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with and pursuant to the terms and provisions of each such Contract or Document. Lender shall not have any no obligation or liability under any Contract or Document by reason of or arising out of this Security Agreement or the granting to Lender of a security interest therein or the receipt by Lender of any payment relating to any Pledged Collateral Contract or Document pursuant hereto (other than to return all or a portion of such payment if either Lender or Pledgor would be required by law to do so)hereto, nor shall Lender be required or obligated in any manner (a) to perform or fulfill any of the duties or obligations of Pledgor Entrust Mortgage under or pursuant to the Operating Agreementsany Contract or Document, (b) or to make any payment payment, or to make any inquiry as to the nature or the sufficiency of any payment received by Lender it or as to the sufficiency of any performance by any party under the Operating Agreements any Contract or (c) Document, or to present or file any claim, or to take any action to collect or enforce any performance or to collect the payment of any amounts which may have been assigned to Lender it or to which it may be entitled at any time or times, pursuant to this Agreement or the Operating Agreements.