Common use of Debtors Remain Liable Clause in Contracts

Debtors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Debtor shall remain liable with respect to and under all Collateral, (b) the exercise by Secured Party or any other Creditor of any of the rights hereunder shall not release any Debtor from any of its duties or obligations with respect to or under any Collateral or under this Agreement, and (c) neither Secured Party nor any other Creditor shall have any obligation or liability with respect to or under any Collateral by reason of this Agreement, nor shall Secured Party or any other Creditor 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 or in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Fisher Communications Inc)

AutoNDA by SimpleDocs

Debtors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Debtor shall remain liable with respect to and under all Collateral, (b) the exercise by Secured Party Administrative Agent or any other Creditor Secured Party of any of the rights hereunder shall not release any Debtor from any of its duties or obligations with respect to or under any Collateral or under this Agreement, and (c) neither Secured Party Administrative Agent nor any other Creditor Secured Party shall have any obligation or liability with respect to or under any Collateral by reason of this Agreement, nor shall Secured Party Administrative Agent or any other Creditor 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 or in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Carbon Natural Gas Co)

Debtors Remain Liable. Anything herein to the contrary notwithstanding, : (a) each Debtor shall remain liable with respect under the Contracts included in the Collateral to and under all Collateral, the extent set forth therein to perform such Debtor’s obligations thereunder to the same extent as if this Agreement had not been executed; (b) the exercise by the Secured Party or any other Creditor of any of the rights hereunder shall not release any Debtor from any of its duties or obligations with respect to or under any Collateral or under this Agreement, the Contracts included in the Collateral; and (c) neither the Secured Party nor any other Creditor shall not have any obligation or liability with respect to or under any the Contracts included in the Collateral by reason of this Agreement, nor shall the Secured Party or any other Creditor 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 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 or in which a security interest is granted hereunderthereunder.

Appears in 1 contract

Samples: Second Lien Security Agreement (Basic Energy Services, Inc.)

AutoNDA by SimpleDocs

Debtors Remain Liable. Anything herein Notwithstanding anything to the contrary notwithstandingcontained herein, (a) each Debtor shall remain liable with respect to and under all Collateral, (b) the exercise by Secured Party Administrative Agent or any other Creditor Secured Party of any of the such Person’s rights hereunder shall not release any Debtor from any of its duties or obligations with respect to or under any Collateral or under this Agreement, and (c) neither Secured Party Administrative Agent nor any other Creditor Secured Party shall have any obligation or liability with respect to or under any Collateral by reason of this Agreement, nor shall any Secured Party or any other Creditor be obligated to perform any of the obligations or duties of any a Debtor thereunder or to take any action to collect or enforce any claim for payment assigned or in which a security interest is granted hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Primeenergy Corp)

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