Common use of Obligor Remains Liable Clause in Contracts

Obligor Remains Liable. Anything herein to the contrary notwithstanding, should any agreements or contracts of the Obligor to the Secured Party be deemed part of the Obligor’s assets and, accordingly, a part of the Collateral, (a) the Obligor 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 Secured Party of any of the rights hereunder shall not release the Obligor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) the Secured Party shall have no obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties of the Obligor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Obligor Remains Liable. Anything herein to the contrary notwithstanding, should any agreements or contracts of except as set forth in the Obligor to the Secured Party be deemed part of the Obligor’s assets andnext succeeding sentence, accordingly, a part of the Collateral, (a) the Obligor shall remain liable under each of the Assigned Agreements and Insurance Contracts and all other contracts and agreements included in the Collateral to the extent set forth therein to and shall fully perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the . The exercise by the Secured Party of any of the its rights hereunder shall not release the Obligor from any of its duties or obligations under any of the Assigned Agreements or Insurance Contracts or any other contracts and agreements included in the Collateral, and (c) except that in the event of foreclosure upon any Collateral by the Secured Party and the exercise by the Secured Party of its rights to sell such Collateral as between the Obligor and the Secured Party, the Obligor shall be under no further obligation to the Secured Party to perform its obligations under such Collateral after such event. The Secured Party shall not have no any obligation or liability under any of the Assigned Agreements or Insurance Contracts or any other contracts and agreements included in the Collateral solely by reason of this AgreementAgreement or the Construction Contract, nor shall the Secured Party be obligated to perform any of the obligations or duties of the Obligor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Obligor Remains Liable. Anything herein to the contrary notwithstanding, should any agreements or contracts of the Obligor to the Secured Party be deemed part of the Obligor’s assets and, accordingly, a part of the Collateral, (a) the Obligor shall remain liable under the its contracts and agreements included in the Collateral to the extent set forth therein to perform all of its Obligor’s 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 Obligor from any of its duties or obligations under the its contracts and agreements included in the Collateral, and (c) the Secured Party shall not have no any obligation or liability under the contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Secured Party be obligated to perform any of the obligations or duties of the Obligor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.