Common use of The Administrative Agent’s and Lenders’ Rights, Duties, and Liabilities Clause in Contracts

The Administrative Agent’s and Lenders’ Rights, Duties, and Liabilities. The Credit Parties assume all responsibility and liability arising from or relating to the use, sale, or other disposition of the Collateral. The Indebtedness shall not be affected by any failure of the Secured Parties to take any steps to perfect the Liens under the Facility or to collect or realize upon the Collateral, nor shall loss of or damage to the Collateral release any Credit Party from any of the Indebtedness. Nothing in this Agreement shall be interpreted as giving the Administrative Agent responsibility for or any duty concerning the validity, perfection, priority or enforceability of the Liens granted hereunder or giving the Administrative Agent any obligation to take any action to procure or maintain such validity, perfection, priority or enforceability, including, without limitation, any duty to file any financing statements, amendments, continuation statements, mortgages or other documents to perfect or maintain the perfection of the security interest granted hereunder.

The Administrative Agent’s and Lenders’ Rights, Duties, and Liabilities. The Credit Loan Parties assume all responsibility and liability arising from or relating to the use, sale, or other disposition of the Collateral. The Indebtedness Secured Obligations shall not be affected by any failure of the Secured Parties to take any steps to perfect the Liens under the Facility this Agreement or to collect or realize upon the Collateral, nor shall loss of or damage to the Collateral release any Credit Loan Party from any of the IndebtednessSecured Obligations. Nothing in this Agreement shall be interpreted as giving the Administrative Agent responsibility for or any duty concerning the validity, perfection, priority or enforceability of the Liens granted hereunder or giving the Administrative Agent any obligation to take any action to procure or maintain such validity, perfection, priority or enforceability, including, without limitation, any duty to file any financing statements, amendments, continuation statements, mortgages Mortgages or other documents to perfect or maintain the perfection of the security interest granted hereunder.

The Administrative Agent’s and Lenders’ Rights, Duties, and Liabilities. The Credit Borrower Parties assume all responsibility and liability arising from or relating to the use, sale, or other disposition of the Collateral. The Indebtedness Obligations shall not be affected by any failure of the Secured Parties to take any steps to perfect the Liens under the Facility or to collect or realize upon the Collateral, nor shall loss of or damage to the Collateral release any Credit Borrower Party from any of the IndebtednessObligations. Nothing in this Agreement shall be interpreted as giving the Administrative Agent responsibility for or any duty concerning the validity, perfection, priority or enforceability of the Liens granted hereunder or giving the Administrative Agent any obligation to take any action to procure or maintain such validity, perfection, priority or enforceability, including, without limitation, any duty to file any financing statements, amendments, continuation statements, mortgages statements or other documents to perfect or maintain the perfection of the security interest granted hereunder.

The Administrative Agent’s and Lenders’ Rights, Duties, and Liabilities. The Credit Parties assume all responsibility and liability arising from or relating to the use, sale, or other disposition of the Collateral. The Indebtedness Obligations shall not be affected by any failure of the Secured Parties to take any steps to perfect the Liens under the DIP Facility or to collect or realize upon the Collateral, nor shall loss of or damage to the Collateral release any Credit Party from any of the IndebtednessObligations. Nothing in this Agreement shall be interpreted as giving the Administrative Agent responsibility for or any duty concerning the validity, perfection, priority or enforceability of the Liens granted hereunder or giving the Administrative Agent any obligation to take any action to procure or maintain such validity, perfection, priority or enforceability, including, without limitation, any duty to file any financing statements, amendments, continuation statements, mortgages or other documents to perfect or maintain the perfection of the security interest granted hereunder.