Common use of Absolute Nature of Security Interest Clause in Contracts

Absolute Nature of Security Interest. All rights of the Agent hereunder, the grant of the security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any of the terms of the Transaction Documents or any other instrument or document relating hereto or thereto, (b) any change in the amount, time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of any terms related thereto, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of any guaranty, or (d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a Pledgor or any other Person in respect of the Secured Obligations or in respect of this Agreement or any other Transaction Document or any obligations hereunder or thereunder.

Absolute Nature of Security Interest. All rights of the Agent hereunder, the grant of the security interest in the Collateral and all obligations of the each Pledgor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of any of the terms of the Transaction Loan Documents or any other instrument or document relating hereto or thereto, (bii) any change in the amount, time, manner or place of payment of, increases in, or in any other term of, all or any of the Senior Secured Obligations, or any other amendment or waiver of any terms related thereto, (ciii) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of any guaranty, or (div) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a Pledgor or any other Person in respect of the Senior Secured Obligations or in respect of this Other Shareholders Pledge Agreement or any other Transaction Loan Document or any obligations hereunder or thereunder.

Absolute Nature of Security Interest. All rights of the Agent Trustee hereunder, the grant of the security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any of the terms of the Transaction Documents Trust Indenture, the Security Agreements or any other instrument or document relating hereto or thereto, (b) any change in the amount, time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of any terms related thereto, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of any guaranty, or (d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a Pledgor or any other Person in respect of the Secured Obligations or in respect of this Agreement Agreement, the Trust Indenture or any other Transaction Document Security Agreement or any obligations hereunder or thereunder.

Absolute Nature of Security Interest. All rights of the Agent hereunder, the grant of the security interest in the Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of any of the terms of the Transaction Loan Documents or any other instrument or document relating hereto or thereto, (bii) any change in the amount, time, manner or place of payment of, or in any other term of, all or any of the Senior Secured Obligations, or any other amendment or waiver of any terms related thereto, (ciii) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of any guaranty, or (div) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a the Pledgor or any other Person in respect of the Senior Secured Obligations or in respect of this Borrower Pledge Agreement or any other Transaction Loan Document or any obligations hereunder or thereunder.

Absolute Nature of Security Interest. All rights of the Agent hereunder, the grant of the security interest in the Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of any of the terms of the Transaction Loan Documents or any other instrument or document relating hereto or thereto, (bii) any change in the amount, time, manner or place of payment of, increases in, or in any other term of, all or any of the Senior Secured Obligations, or any other amendment or waiver of any terms related thereto, (ciii) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of any guaranty, or (div) any other circumstance which might otherwise constitute a defense available to, or a discharge of, a the Pledgor or any other Person in respect of the Senior Secured Obligations or in respect of this Xxxxxxx Pledge Agreement or any other Transaction Loan Document or any obligations hereunder or thereunder.