No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a member of Issuer and Pledgee or any Lender by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a member of Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among Pledgee or any Lender and Pledgor and/or Issuer.
Appears in 3 contracts
Samples: Pledge and Security Agreement (HHG Distributing, LLC), Pledge and Security Agreement (Hhgregg, Inc.), Pledge and Security Agreement (Hancock Fabrics Inc)
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a member or owner of any Issuer and Pledgee or any Lender by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a member or owner of any Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among Pledgee or any Lender and Pledgor Pledgors and/or Issuer.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Aerobic Creations, Inc.), Pledge and Security Agreement (Aerobic Creations, Inc.)
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a shareholder or member of any Issuer and Pledgee or any Lender by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a shareholder or member of any Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among the Pledgee or any Lender and Pledgor and/or any Issuer.
Appears in 1 contract
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a member of Issuer any Issuer, and neither Pledgee or nor any Lender Lender, by virtue of this Pledge Agreement or otherwise otherwise, shall not have any of the duties, obligations or liabilities of a member of such Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among Pledgee or any Lender and any Pledgor and/or any Issuer.
Appears in 1 contract
Samples: Pledge and Security Agreement (Hancock Fabrics Inc)
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender Lenders liable as a member of Issuer and Pledgee or any Lender and Lenders by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a member of Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among the Pledgee or any Lender and Pledgor and/or Issuer.
Appears in 1 contract
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a member of Issuer and Pledgee or any Lender by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a member of the Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among the Pledgee or any Lender and Pledgor and/or Issuer.
Appears in 1 contract
No Assumption of Liabilities. (a) Nothing herein shall be construed to make Pledgee or any Lender liable as a member of any Issuer and Pledgee or any Lender by virtue of this Pledge Agreement or otherwise shall not have any of the duties, obligations or liabilities of a member of any Issuer. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among Pledgee or and Pledgors and/or any Lender and Pledgor and/or Issuer.
Appears in 1 contract
Samples: Pledge and Security Agreement (Listerhill Total Maintenance Center LLC)
