Common use of Assignors Remain Liable Under Contracts Clause in Contracts

Assignors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, the Assignors shall remain liable under each of the Contracts to observe and perform all of the conditions and obligations to be observed and performed by them thereunder, all in accordance with and pursuant to the terms and provisions of each Contract. Neither the First-Lien Collateral Agent nor any other Secured Creditor shall have any obligation or liability under any Contract by reason of or arising out of this Agreement or the receipt by the First-Lien Collateral Agent or any other Secured Creditor of any payment relating to such Contract pursuant hereto, nor shall the First-Lien Collateral Agent or any other Secured Creditor be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any Contract, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times.

Assignors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, the Assignors shall remain liable under each of the Contracts or Related Contracts to observe and perform per­form all of the conditions and obligations to be observed and performed by them thereunder, all in accordance with and pursuant to the terms and provisions of each Contract or Related Contract, as applicable. Neither the First-Lien Collateral Agent Trustee nor any other Secured Creditor Party shall have any obligation or liability under any Contract or Related Contract by reason of or arising out of this Agreement or the receipt by the First-Lien Collateral Agent Trustee or any other Secured Creditor Party of any payment relating to such Contract or Related Contract, as the case may be, pursuant hereto, nor shall the First-Lien Collateral Agent Trustee or any other Secured Creditor Party be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any Contract or Related Contract, as the case may be, to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party under any Contract or Related Contract, as the case may be, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times.