Common use of Debtors Remain Liable Clause in Contracts

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) the Debtors shall remain liable under the contracts, agreements, documents and instruments 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 the Lenders of any of their respective rights or remedies hereunder shall not release the Debtors from any of their duties or obligations under the contracts, agreements, documents and instruments included in the Collateral, and (c) the Lenders shall not have any indebtedness, liability or obligation (by assumption or otherwise) under any of the contracts, agreements, documents and instruments included in the Collateral by reason of this Agreement, and the Lenders shall not be obligated to perform any of the obligations or duties of the Debtors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. ARTICLE 3

Appears in 1 contract

Samples: Security Agreement (724 Solutions Inc)

AutoNDA by SimpleDocs

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) the Debtors each Debtor shall remain liable under the contracts, agreements, documents contracts and instruments 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 Security Agreement had not been executed, (b) the exercise by the Lenders Administrative Agent or any Lender of any of their respective its rights or remedies hereunder shall not release the Debtors any Debtor from any of their its duties or obligations under the contracts, agreements, documents contracts and instruments agreements included in the Collateral, and (c) neither the Lenders Administrative Agent nor any Lender shall not have any indebtedness, obligation or liability or obligation (by assumption or otherwise) under any of the contracts, agreements, documents contracts and instruments agreements included in the Collateral by reason of this Agreement, and nor shall the Lenders shall not Administrative Agent or any Lender be obligated to perform any of the obligations or duties of the Debtors any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. ARTICLE 3.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) the Debtors shall remain liable under the contracts, agreements, documents and instruments 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 the Lenders Bank of any of their respective its rights or remedies hereunder shall not release the Debtors from any of their duties or obligations under the contracts, agreements, documents and instruments included in the Collateral, and (c) the Lenders Bank shall not have any indebtedness, liability or obligation (by assumption or otherwise) under any of the contracts, agreements, documents and instruments included in the Collateral by reason of this Agreement, and the Lenders none of such parties shall not be obligated to perform any of the obligations or duties of the Debtors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. ARTICLE 3.

Appears in 1 contract

Samples: Security Agreement (Interactive Health, Inc.)

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) the Debtors shall remain liable under the contracts, agreements, documents and instruments 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 the Lenders Lender of any of their respective its rights or remedies hereunder shall not release the Debtors from any of their duties or obligations under the contracts, agreements, documents and instruments included in the Collateral, and (c) the Lenders Lender shall not have any indebtedness, liability or obligation (by assumption or otherwise) under any of the contracts, agreements, documents and instruments included in the Collateral by reason of this Agreement, and the Lenders shall not be obligated to perform any of the obligations or duties of the Debtors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. ARTICLE 3.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Staktek Holdings Inc)

AutoNDA by SimpleDocs

Debtors Remain Liable. Notwithstanding anything to the contrary contained herein, (a) the Debtors shall remain liable under the contracts, agreements, documents and instruments 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 the Lenders Bank of any of their its respective rights or remedies hereunder shall not release the Debtors from any of their duties or obligations under the contracts, agreements, documents and instruments included in the Collateral, and (c) the Lenders Bank shall not have any indebtedness, liability or obligation (by assumption or otherwise) under any of the contracts, agreements, documents and instruments included in the Collateral by reason of this Agreement, and the Lenders shall not be obligated to perform any of the obligations or duties of the Debtors thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. ARTICLE 3.

Appears in 1 contract

Samples: Security Agreement (Digirad Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.