Responsibility for Collateral. The Borrower assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Borrower hereunder or under the Debentures shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unenforceability or unavailability for any reason.
Appears in 2 contracts
Samples: Loan and Securities Purchase Agreement (Aerogen Inc), Loan and Securities Purchase Agreement (Aerogen Inc)
Responsibility for Collateral. The Borrower assumes retains all liabilities and responsibility in connection with all Collateral, and the obligations of the Borrower hereunder or under the Debentures Obligations shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unenforceability or unavailability for any reason.
Appears in 2 contracts
Samples: Loan and Security Agreement (Innovive Pharmaceuticals, Inc.), Loan and Security Agreement (Cytrx Corp)
Responsibility for Collateral. The Borrower assumes all liabilities and responsibility in connection with all Collateral, and the obligations of the Borrower hereunder or under the Debentures 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 unenforceability or unavailability for any reason.
Appears in 1 contract
Samples: Loan and Security Agreement (Medical Discoveries Inc)
