Common use of Grantors Remain Liable Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement (Sonic Automotive Inc), Security Agreement (Sonic Automotive Inc)

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Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent of any of the rights hereunder shall not release any Grantor from any of its respective duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Agent nor the Lenders shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.. 128

Appears in 1 contract

Samples: Security Agreement (Asbury Automotive Group Inc)

Grantors Remain Liable. Anything contained herein to the ---------------------- contrary notwithstanding, (a) each Grantor 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 respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Collateral Agent of any of the its rights hereunder shall not release Grantor Grantors from any of its their joint and several duties or obligations under the contracts and agreements included in the Collateral, and (c) neither Collateral Agent nor the Lenders shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Collateral Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Dominos Pizza Government Services Division Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Asbury Automotive Group Inc)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, : (ai) each Grantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to and shall perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, ; (bii) the exercise by Agent Lender of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and ; (ciii) neither Agent nor the Lenders Lender shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent or the Lenders Lender be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder; and (iv) Lender shall not have any liability in contract or tort for any of Grantor's acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Nord Resources Corp)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither the Agent nor the Lenders any Purchaser shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Note Purchase Document or any other agreement, nor shall the Agent or the Lenders nor any Purchaser be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: General Security Agreement (Genta Inc De/)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent the Bank of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither Agent nor the Lenders Bank shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall Agent or the Lenders Bank be obligated to perform any of the obligations or duties of the relevant Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. SECTION 8.

Appears in 1 contract

Samples: Security Agreement (Total Tel Usa Communications Inc)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, : (a) each Grantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Collateral Agent nor the Lenders shall have any no obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Collateral Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder thereunder, and (d) the Collateral Agent shall have no liability in contract or to take tort for any action to collect Grantor’s acts or enforce any claim for payment assigned hereunderomissions.

Appears in 1 contract

Samples: Security Agreement (Electro Energy Inc)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent the Lender of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither Agent nor the Lenders Lender shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall Agent or the Lenders Lender be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Verity Corp.)

Grantors Remain Liable. Anything contained herein to the contrary notwithstanding, (a) Grantor each of Borrowers shall remain liable under the contracts any contract and agreements agreement included in the Collateral Collateral, to the extent set forth therein therein, to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent Lender of any of the its rights hereunder shall not release Grantor any Borrowers from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither Agent nor the Lenders Lender shall not have any obligation or liability under the contracts any contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall Agent or the Lenders Lender be obligated to perform any of the obligations or duties of Grantor any Borrowers thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Financing and Security Agreement (SaveDaily Inc)

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither Agent nor the Lenders no Holder shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Note Document, nor shall Agent or the Lenders any Holder be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Hexacomb CORP)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent the Lender of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither Agent nor the Lenders Lender shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor shall Agent or the Lenders Lender be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. Section 5.

Appears in 1 contract

Samples: Term Loan Security Agreement (Better Choice Co Inc.)

Grantors Remain Liable. Anything contained herein to the contrary notwithstanding, (a) each Grantor 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 respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Collateral Agent of any of the its rights hereunder shall not release Grantor Grantors from any of its their joint and several duties or obligations under the contracts and agreements included in the Collateral, and (c) neither Collateral Agent nor the Lenders shall not have any obligation or liability under the any contracts and agreements included in the Collateral by reason of this Agreement, nor shall Collateral Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: 18 Borrower Security Agreement (Dominos Pizza Government Services Division Inc)

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Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor's Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither the Agent nor the Lenders or any Lender shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this AgreementAgreement or any other Credit Document, nor shall the Agent or the Lenders any Lender be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (Mediabay Inc)

Grantors Remain Liable. Anything contained herein to the contrary notwithstanding, (a) each Grantor 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 respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Administrative Agent of any of the its rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither Administrative Agent nor the Lenders shall not have any obligation or liability under the contracts any contracts, licenses, and agreements included in the Collateral by reason of this Agreement, nor shall Administrative Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Security Agreement (MGM Resorts International)

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

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, : (a) each Grantor shall remain liable to perform all of its duties and obligations under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by the Collateral Agent of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Collateral Agent nor the Lenders shall not have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Collateral Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder, and (d) the Collateral Agent shall not have any liability in contract or tort for any Grantor’s acts or omissions.

Appears in 1 contract

Samples: Security Agreement (Guerrilla RF, Inc.)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent of any of the rights hereunder shall not release any Grantor from any of its respective duties or obligations under the contracts and agreements included in the Collateral, and (c) neither the Agent nor the Lenders shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Agent or the Lenders be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.. 119

Appears in 1 contract

Samples: Security Agreement (Asbury Automotive Group Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Transact Technologies Inc)

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

Appears in 1 contract

Samples: Security Agreement (Sonic Automotive Inc)

Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor shall remain liable under the contracts and agreements included in the such Grantor’s Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Agent the Grantee of any of the rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral, Collateral and (c) neither Agent nor the Lenders no Creditor shall have any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement or the Credit Agreement, Notes and Security Documents, nor shall Agent or the Lenders any Creditor be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)

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