Responsibility for Collateral. Borrower retains all liabilities and responsibility in connection with all Collateral, and the 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 unavailability for any reason.
Appears in 2 contracts
Sources: Loan and Security Agreement (Cytrx Corp), Loan and Security Agreement (Innovive Pharmaceuticals, Inc.)
Responsibility for Collateral. Borrower retains assumes all liabilities and responsibility in connection with all Collateral, and the Obligations obligations of Borrower hereunder or under the 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
Sources: Loan and Security Agreement (Medical Discoveries Inc)