Common use of Pledgors Remain Liable Clause in Contracts

Pledgors Remain Liable. Anything herein to the contrary notwithstanding (a) each Pledgor will remain liable under the contracts and agreements included in the Collateral to the extent set forth therein, to the same extent as if this Agreement had not been executed; (b) the exercise by the Secured Parties of any of their rights hereunder will not release any Pledgor from any of its duties or obligations under any such contracts or agreements included in the Collateral; and (c) no Secured Party will have any obligation or liability under any contracts or agreements included in the Collateral by reason of this Agreement, nor will any Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Security Agreement (RS Properties I LLC), Security Agreement (Perlman Richard E), Security Agreement (Kronos Advanced Technologies Inc)

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Pledgors Remain Liable. Anything herein to the contrary notwithstanding notwithstanding, (a) each Pledgor will shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein, 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 Parties Agent of any of their its rights hereunder will shall not release any Pledgor from any of its duties or obligations under any such the contracts or and agreements included in the Collateral; Collateral and (c) no Secured Party will shall have any obligation or liability under any the contracts or and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor will shall any Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Uniroyal Chemical Co Inc), Credit Agreement (Crompton & Knowles Corp), Uniroyal Security Agreement (Uniroyal Chemical Co Inc)

Pledgors Remain Liable. Anything herein to the contrary notwithstanding notwithstanding, (a) each Pledgor will shall remain liable under the contracts and agreements included in the such Pledgor’s Collateral to the extent set forth therein, 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 Parties Agent of any of their the rights hereunder will shall not release any Pledgor from any of its duties or obligations under any such the contracts or and agreements included in the Collateral; Collateral and (c) no Secured Party will shall have any obligation or liability under any the contracts or and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor will shall any Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Chemtura CORP), Pledge Agreement (Chemtura CORP)

Pledgors Remain Liable. Anything herein to the contrary notwithstanding notwithstanding, (a) each Pledgor will shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein, 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 Parties Agent of any of their its rights hereunder will shall not release any Pledgor from any of its duties or obligations under any such the contracts or and agreements included in the Collateral; , and (c) no Secured Party will shall have any obligation or liability under any the contracts or and agreements included in the Collateral by reason of this AgreementAgreement or any other Loan Document, nor will shall any Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Uniroyal Chemical Co Inc)

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Pledgors Remain Liable. Anything contained herein to the contrary notwithstanding notwithstanding, (a) each Pledgor will shall remain liable under the any contracts and agreements included in or related to the Collateral 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 Parties Party of any of their its rights hereunder will shall not release any Pledgor from any of its duties or obligations under any such contracts or agreements included in the Collateral; and agreements, and (c) no Secured Party will shall not have any obligation or liability under any such contracts or and agreements included in the Collateral by reason of this Agreement, nor will any shall Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ruths Hospitality Group, Inc.)

Pledgors Remain Liable. Anything herein to the contrary notwithstanding notwithstanding, (a) each Pledgor will shall remain liable under the contracts and agreements included in the Pledged Collateral to perform all of the extent set forth therein, duties and obligations thereunder to the same extent as if this Agreement had not been executed; , (b) the exercise by the Secured Parties Party of any of their the rights hereunder will shall not release any Pledgor from any of its duties or obligations under any such contracts or and agreements included in the Pledged Collateral; , and (c) no Secured Party will shall not have any obligation or liability under any such contracts or and agreements included in the Pledged Collateral by reason of this Agreement, nor will any shall Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 1 contract

Samples: Pledge Agreement (ADS Securities LLC)

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