Common use of Absolute Obligation to Repay Clause in Contracts

Absolute Obligation to Repay. The Company’s obligation to repay L/C Drawings shall be absolute, irrevocable and unconditional under any and all circumstances whatsoever and irrespective of any set-off, counterclaim or defense to payment which the Company may have or have had, against any Lender or any other Person, including, without limitation, any set-off, counterclaim or defense based upon or arising out of:

Appears in 6 contracts

Samples: Credit Agreement (Diedrich Coffee Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Diedrich Coffee Inc)

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Absolute Obligation to Repay. The Company’s 's obligation to repay L/C Drawings shall be absolute, irrevocable and unconditional under any and all circumstances whatsoever and irrespective of any set-off, counterclaim or defense to payment which the Company may have or have had, against any Lender or any other Person, including, without limitation, any set-off, counterclaim or defense based upon or arising out of:

Appears in 2 contracts

Samples: Credit Agreement (Diedrich Coffee Inc), Credit Agreement (Equity Marketing Inc)

Absolute Obligation to Repay. The Company’s 's obligation to repay L/C Drawings shall be absolute, irrevocable and unconditional under any and all circumstances whatsoever and irrespective of any set-off, counterclaim or defense to payment which the Company may have or have had, against NationsBank, the Administrative Agent, any Lender or any other Person, including, without limitation, any set-off, counterclaim or defense based upon or arising out of:

Appears in 2 contracts

Samples: Mortgage Loan Warehousing Agreement (Aames Financial Corp/De), Mortgage Loan Warehousing Agreement (Aames Financial Corp/De)

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Absolute Obligation to Repay. The Company’s 's obligation to repay L/C ---------------------------- Drawings under Letters of Credit shall be absolute, irrevocable and unconditional under any and all circumstances whatsoever and irrespective of any set-off, counterclaim or defense to payment which the Company may have or have had, against any Lender Bank or any other Person, including, without limitation, any set-off, counterclaim or defense based upon or arising out of:

Appears in 1 contract

Samples: Credit Agreement (Chart House Enterprises Inc)

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