Common use of Pledgor Remains Liable Clause in Contracts

Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable to perform all of its duties and obligations as a partner of the Borrower to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release any Pledgor from any of its duties or obligations as a partner of the Borrower, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner of the Borrower by reason of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) each the Pledgor shall remain liable to perform all of its duties and obligations as a partner of the Borrower to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release any the Pledgor from any of its duties or obligations as a partner of the Borrowerobligations, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner partner, or member of the Borrower Partnerships or LLCS, by reason of this Agreement.

Appears in 1 contract

Samples: Interconnection Agreement (Knology Holdings Inc /Ga)

Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable to perform all of its duties and obligations as a partner or member of the Borrower Partnerships/LLCs to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release any Pledgor from any of its duties or obligations as a partner or member of the BorrowerPartnerships/LLCs, and (c) neither the Administrative Agent nor any Lender shall have any no obligation or liability as a partner or member of the Borrower Partnerships/LLCs by reason of this Agreement. 20.

Appears in 1 contract

Samples: Pledge Agreement (BRT Apartments Corp.)

Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) each Pledgor shall remain liable to perform all of its duties and obligations as a limited partner of each of the Borrower Owned LP’s, to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release any Pledgor from any of its duties or obligations as a limited partner of the Borrowerany Owned Company, and (c) neither the Administrative Agent nor any Lender shall not have any obligation or liability as a limited partner of the Borrower any Owned Company by reason of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (NNN Apartment REIT, Inc.)

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Pledgor Remains Liable. Anything herein to the contrary notwithstanding, (a) each the Pledgor shall remain liable to perform all of its duties and obligations as a partner member of the Borrower to the same extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent or any Lender of any of its rights hereunder shall not release any Pledgor from any of its duties or obligations as a partner member of the Borrower, and (c) neither the Administrative Agent nor any Lender shall have any obligation or liability as a partner member of the Borrower by reason of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

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