The Grantor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any contracts and agreements related to the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (b) the exercise by the Secured Party of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and agreements relating to the Collateral; and (c) the Secured Party shall not have any obligation or liability under the contracts and agreements relating to the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, except as otherwise provided in Section 3.3 hereof.
Appears in 2 contracts
Samples: Security and Control Agreement (MissionPoint Capital Partners LLC), Security and Control Agreement (MissionPoint Capital Partners LLC)
The Grantor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any the contracts and agreements related to included in the Trademark Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; , (b) the exercise by the Secured Party Lender of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and agreements relating to included in the Trademark Collateral; , and (c) the no Secured Party shall not have any obligation or liability under the contracts and agreements relating to included in the Trademark Collateral by reason of this Agreement, nor shall the any Secured Party be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, except as otherwise provided in Section 3.3 hereof.
Appears in 1 contract
The Grantor Remains Liable. Anything herein to the contrary notwithstanding, (a) the Grantor shall remain liable under any the contracts and agreements related to included in the Copyright Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; , (b) the exercise by the Secured Party Lender of any of the rights hereunder shall not release the Grantor from any of its duties or obligations under the contracts and agreements relating to included in the Copyright Collateral; , and (c) the no Secured Party shall not have any obligation or liability under the contracts and agreements relating to included in the Copyright Collateral by reason of this Agreement, nor shall the any Secured Party be obligated to perform any of the obligations or duties of the Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, except as otherwise provided in Section 3.3 hereof.
Appears in 1 contract