Common use of Company Remains Liable Clause in Contracts

Company Remains Liable. Anything herein to the contrary notwithstanding, (a) the Company shall remain liable under the contracts and agreements included in 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 Trustee of any of the rights hereunder shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) neither the Trustee nor any Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Trustee or any Holder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Louisiana Casino Cruises Inc), Security Agreement (Louisiana Casino Cruises Inc)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (ai) the Company shall remain liable under the contracts and agreements included in 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, (bii) the exercise by the Trustee Collateral Agent or the Noteholders of any rights under this Agreement or any of the rights hereunder other Note Documents shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral Collateral, and (ciii) neither the Trustee Collateral Agent nor any Holder the Noteholders shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, Agreement or any of the other Note Documents nor shall the Trustee Collateral Agent or any Holder Noteholder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Medallion Financial Corp), Security Agreement (Medallion Financial Corp)

Company Remains Liable. Anything herein to the contrary notwithstanding, (a) the Company shall remain liable under the any contracts and agreements included in the Collateral Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (b) the exercise by the Trustee Collateral Agent or the Trustees of any of the rights hereunder shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral and (c) neither the Trustee nor any Holder Collateral Agent and the Trustees shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Security Agreement, nor shall the Trustee Collateral Agent or any Holder the Trustees be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Nwe Cyprus Senior Note Security and Pledge Agreement (Nwe Capital Cyprus LTD)

Company Remains Liable. Anything herein to the contrary notwithstanding, (ai) the Company shall remain liable under the contracts any contracts, agreements and agreements other documents included in the Collateral Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (bii) the exercise by the Trustee of any of the rights hereunder shall not release the Company from any of its duties or obligations under the contracts such contracts, agreements and agreements other documents included in the Collateral and (ciii) neither the Trustee nor any Holder shall have any obligation or liability under the contracts any contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement, nor shall the Trustee or any Holder be obligated to perform any of the obligations or duties of the Company thereunder or to take xxxx any action to collect or enforce any claim for payment assigned such contract, agreement or other document included in the Collateral hereunder.

Appears in 1 contract

Samples: Company Security Agreement (Mercury Finance Co)

Company Remains Liable. Anything herein to the contrary notwithstanding, (ai) the Company shall remain liable under the contracts and agreements included in 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, (bii) the exercise by the Trustee Agent, the Administrative Agent or the Banks of any rights under this Agreement or any of the rights hereunder other Loan Documents shall not release the Company from any of its duties or obligations under the contracts and agreements included in the Collateral Collateral, and (ciii) neither the Trustee Agent, the Administrative Agent nor any Holder the Banks shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, Agreement or any of the other Loan Documents nor shall the Trustee Agent, the Administrative Agent or any Holder Bank be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Medallion Financial Corp)

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Company Remains Liable. Anything herein to the contrary notwithstanding, (ai) the Company shall remain liable under the contracts any contracts, agreements and agreements other documents included in the Collateral Collateral, to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (bii) the exercise by the Trustee of any of the rights hereunder shall not release the Company from any of its duties or obligations under the contracts such contracts, agreements and agreements other documents included in the Collateral and (ciii) neither the Trustee nor any Holder shall have any obligation or liability under the contracts any contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement, nor shall the Trustee or any Holder be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned such contract, agreement or other document included in the Collateral hereunder.

Appears in 1 contract

Samples: Company Security Agreement (MFN Financial Corp)

Company Remains Liable. Anything herein to the contrary notwithstanding, (ai) the Company shall remain liable under the contracts any contracts, agreements and agreements other documents included in the Collateral (including the Assigned Agreement), to the extent set forth therein therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (bii) the exercise by the Trustee Investors of any of the rights hereunder shall not release the Company from any of its duties or obligations under the contracts such contracts, agreements and agreements other documents included in the Collateral and (ciii) neither the Trustee nor any Holder Investors shall not have any obligation or liability under the contracts any contracts, agreements and agreements other documents included in the Collateral by reason of this Agreement, nor shall the Trustee or any Holder Investors be obligated to perform any of the obligations or duties of the Company thereunder or to take any action to collect or enforce any claim for payment assigned such contract, agreement or other document included in the Collateral hereunder.

Appears in 1 contract

Samples: Security Agreement (Watson General Corp)

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