Common use of Debtors Remain Liable Clause in Contracts

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor 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 Collateral Agent of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any of the obligations or duties of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

Appears in 2 contracts

Samples: Security Agreement (Spartech Corp), Security Agreement (Spartech Corp)

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Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor (rather than the Administrative Agent or any Secured Party) shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executedthereunder, (b) the exercise by Collateral Administrative Agent of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of neither the Administrative Agent nor any other Secured Parties Party shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of of, or arising out of, this AgreementSecurity Agreement , nor shall Administrative Agent or any other Secured Party be obligated to perform any of the obligations or duties of any a Debtor thereunder or pursuant thereto or to take any action to collect or enforce any claim for payment assigned assigned, or to which the Secured Parties are entitled to, hereunder.

Appears in 2 contracts

Samples: Pledge and Security Agreement, Security Agreement (Vanguard Natural Resources, Inc.)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) each Debtor shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein to perform all of its respective duties and obligations thereunder to the same extent as if this Agreement had not been executedthereunder, (b) the exercise by Collateral Agent of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of neither the Collateral Agent nor any other Priority Lien Secured Parties Party shall have any obligation or liability under any of the contracts and agreements included in the Collateral by reason of of, or arising out of, this AgreementSecurity Agreement , nor shall Collateral Agent or any other Priority Lien Secured Party be obligated to perform any of the obligations or duties of any a Debtor thereunder or pursuant thereto or to take any action to collect or enforce any claim for payment assigned assigned, or to which the Priority Lien Secured Parties are entitled to, hereunder.

Appears in 2 contracts

Samples: Security Agreement (Grizzly Energy, LLC), Pledge and Security Agreement

Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: (a) each the Debtor shall remain liable under the any contracts and agreements included in the Collateral of the Debtor to the extent set forth therein to perform all of its duties and the Debtor’s obligations thereunder to the same extent as if this Agreement had not been executed, ; (b) the exercise by Collateral Agent the Secured Party of any of its rights hereunder shall not release any the Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral of the Debtor; and (c) the Secured Party shall not have any obligation under any contracts and agreements included in the Collateral of the Debtor by reason of this Agreement, nor shall any the Secured Party be obligated to perform or fulfill any of the obligations of the Debtor thereunder, including any obligation to make any inquiry as to the nature or duties sufficiency of any payment that the Debtor thereunder may be entitled to receive thereunder, to present or file any claim, or to take any action to collect or enforce any claim for payment assigned hereunderthereunder.

Appears in 2 contracts

Samples: Patent Assignment Agreement (Orthologic Corp), Security Agreement (Orthologic Corp)

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Debtors Remain Liable. Notwithstanding anything Anything herein to the contrary contained herein, notwithstanding: --------------------- (a) each Debtor shall remain liable under the any contracts and agreements included in the Collateral of such Debtor to the extent set forth therein to perform all of its duties and such Debtor's obligations thereunder to the same extent as if this Agreement had not been executed, ; (b) the exercise by Collateral Agent the Secured Party of any of its rights hereunder shall not release any Debtor from any of its duties or obligations under the contracts and agreements included in the Collateral, and (c) none of the Secured Parties shall have any obligation or liability under any of the contracts and agreements included in the Collateral of such Debtor; and (c) the Secured Party shall not have any obligation under any contracts and agreements included in the Collateral of any Debtor by reason of this Agreement, nor shall any the Secured Party be obligated to perform or fulfill any of the obligations or duties of any Debtor thereunder thereunder, including any obligation to make any inquiry as to the nature or sufficiency of any payment that any Debtor may be entitled to receive thereunder, to present or file any claim, or to take any action to collect or enforce any claim for payment assigned hereunderthereunder.

Appears in 1 contract

Samples: Credit Agreement (Coinstar Inc)

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