Common use of Pledgor Remains Liable Clause in Contracts

Pledgor Remains Liable. Notwithstanding anything to the contrary contained herein, (i) the Pledgor shall remain liable for all obligations under and in respect of the Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral Agent or any other Secured Creditor, (ii) the Pledgor shall remain liable under each of the agreements included in the Collateral, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof, and neither the Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related hereto nor shall the Collateral Agent nor any other Secured Creditor have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, and (iii) the exercise by the Collateral Agent of any of its rights hereunder shall not release the Pledgor from any of its duties or obligations under the contracts and agreements included in the Collateral.

Appears in 6 contracts

Samples: Receivables Pledge Agreement (Transocean Ltd.), Indenture (Transocean Ltd.), Account Pledge Agreement (Transocean Ltd.)

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Pledgor Remains Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (i) the Pledgor shall remain liable for all obligations under any contracts, agreements and other documents included in respect of the Collateral and nothing contained herein is intended or shall be a delegation of duties (including any Pledged Collateral Agreements), to the Collateral Agent or any other Secured Creditorextent set forth therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (ii) the Pledgor shall remain liable under each of the agreements included in the Collateral, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof, and neither the Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related hereto nor shall the Collateral Agent nor any other Secured Creditor have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, and (iii) the exercise by the Collateral Agent Xxxx of any of its the rights granted to Xxxx hereunder or under any other Transaction Document shall not release the Pledgor from any of its duties or obligations under the contracts any such contracts, agreements and agreements other documents included in the Collateral, and (iii) Xxxx shall not have any obligation or liability under any such contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor shall Xxxx be obligated to perform any of the obligations or duties of the Pledgor thereunder or to take any action to collect or enforce any such contract, agreement or other document included in the Collateral hereunder.

Appears in 2 contracts

Samples: Equity Pledge Agreement, Equity Pledge Agreement (Par Petroleum Corp/Co)

Pledgor Remains Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (ia) the Pledgor shall remain liable for all of its duties and obligations under and in with respect of the to its Pledge Agreement Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral same extent as if this Agreement had not been executed (and the Pledgor agrees to indemnify and hold harmless the Security Agent or any and the other Secured CreditorParties from and against any and all such liabilities), (iib) the exercise by the Security Agent of any right hereunder shall not release any Pledgor shall remain liable from any of its duties or obligations under each of the agreements included in the or with respect to any Pledge Agreement Collateral, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof, and (c) neither the Collateral Security Agent nor any other Secured Creditor Party shall have any obligation or liability under any of such agreements Pledge Agreement Collateral by reason of or arising out of this Agreement Agreement, nor shall the Security Agent or any other document related hereto nor shall the Collateral Agent nor any other Secured Creditor have Party be obligated (i) to perform any obligation or duty of any Pledgor thereunder, (ii) to make any payment, (iii) to make any inquiry as to the nature or the sufficiency of any payment received by it or have as to the sufficiency of any obligation performance by any party thereunder, (iv) to present or file any claim, or (v) to take any action to collect or enforce any rights under any agreement included in performance or to collect the Collateral, and (iii) the exercise by the Collateral Agent payment of any of its rights hereunder shall not release the Pledgor from amounts which may have been assigned to it or to which it may be entitled at any of its duties time or obligations under the contracts and agreements included in the Collateraltimes.

Appears in 1 contract

Samples: Financing Agreement (APT Sunshine State LLC)

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Pledgor Remains Liable. Notwithstanding anything Anything herein to the contrary contained hereinnotwithstanding, (i) the Pledgor shall remain liable for all obligations under and in respect of the Collateral and nothing contained herein is intended or shall be a delegation of duties to the Collateral Agent or any other Secured Creditor, (iia) the Pledgor shall remain liable under each of the any contracts and agreements included in the Collateral, Collateral to the extent set forth therein and to perform all of the its duties and obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof, and neither the Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any of such agreements by reason of or arising out of same extent as if this Agreement or any other document related hereto nor shall the Collateral Agent nor any other Secured Creditor have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateralhad not been executed, and (iiib) the exercise by the Collateral Agent Pledgee of any of its the rights hereunder shall not release the Pledgor from any of its duties or obligations under the any contracts and agreements included in the CollateralCollateral and (c) the Pledgee shall not have any obligation or liability under any contracts and agreements included in the Collateral by reason of this Agreement or any other documents evidencing or securing the 2005 Pledge Agreement or the documents secured thereby (the “2005 Pledge Agreement Documents”), nor shall the Pledgee be obligated to perform any of the obligations or duties of the Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Municipal Mortgage & Equity LLC)

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