Common use of Responsibility for Collateral Clause in Contracts

Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 3 contracts

Samples: Security Agreement (Goldspring Inc), Security Agreement (Goldspring Inc), Security Agreement (Goldspring Inc)

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Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Note shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 3 contracts

Samples: Security Agreement (Driven Deliveries, Inc.), Security Agreement (HII Technologies, Inc.), Security Agreement (Driven Deliveries, Inc.)

Responsibility for Collateral. The Obligor assumes assume all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Promissory Note shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 2 contracts

Samples: Security Agreement (Tactical Air Defense Services, Inc.), Asset Purchase Agreement (Tactical Air Defense Services, Inc.)

Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Notes shall in no way be affected or diminished by reason of the loss, destruction, damage damage, or theft of any of the Collateral or its unavailability for any reason.

Appears in 2 contracts

Samples: Security Agreement (Eastside Distilling, Inc.), Registration Rights Agreement (Eastside Distilling, Inc.)

Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Purchase Agreements shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (Vsus Technologies Inc)

Responsibility for Collateral. The Each Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor Obligors hereunder or under the Loan Agreement Note shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (Bio Solutions Manufacturing, Inc.)

Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Debenture shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (Driven Deliveries, Inc.)

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Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Agreement Note shall in no way be affected or diminished by reason of the loss, destruction, damage damage, or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (iQSTEL Inc)

Responsibility for Collateral. The Each Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor Obligors hereunder or under the Loan Agreement Notes shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Bio Solutions Manufacturing, Inc.)

Responsibility for Collateral. The Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Obligor hereunder or under the Loan Letter Agreement shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

Appears in 1 contract

Samples: Security Agreement (Targeted Medical Pharma, Inc.)

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