Common use of Absolute Obligations Clause in Contracts

Absolute Obligations. This Agreement and the Deed of Assignment shall not terminate, nor shall the obligations of the parties hereunder and thereunder be otherwise affected, by reason of (a) the invalidity or unenforceability of this Agreement, the Deed of Assignment or any other Transaction Document or any other agreement entered into in connection therewith, (b) any action or inaction by the SPC, the Bank or any other Person, (c) the occurrence of an Early Amortization Event or Default or the default by any party under any Transaction Document or other document delivered in connection therewith, (d) any insolvency of or any bankruptcy, intervention, reorganization or other proceeding affecting the Bank, the SPC or any other Person or any action that may be taken by any receiver, trustee or liquidator (or other similar official) or by any court or (e) any other cause, whether similar or dissimilar to the foregoing, any present or future Applicable Law to the contrary notwithstanding, it being the intention and agreement of the parties hereto, and the basis of the bargain, that all payment and performance obligations of the Bank hereunder, under the Deed of Assignment and under the other Transaction Documents to which it is a party shall continue to apply in all events in the manner and at the times herein provided unless and until such obligations shall have been discharged pursuant to the express provisions of the Transaction Documents. Nothing in this Section shall preclude any separate, independent claim that any Person may have for the breach of any representation, warranty, covenant, undertaking or agreement made by the Bank under any of the Transaction Documents.

Absolute Obligations. This Agreement Indenture and the Deed of Assignment Notes shall not terminate, nor shall the obligations of the parties hereunder and thereunder hereto or thereto be otherwise affected, by reason of of: (a) the invalidity or unenforceability of this Agreement, the Deed of Assignment or any other Transaction Document or any other agreement entered into in connection therewith, (b) any action or inaction by the SPC, the Bank Company or any other PersonPerson other than the Indenture Trustee to the extent taken by the Indenture Trustee in accordance with the other provisions hereof, (c) the occurrence of an Early Amortization Event or a Default or the any default by any party under any Transaction Document or other document delivered in connection therewith, (d) except to the extent required by Applicable Law, any insolvency of or any bankruptcy, intervention, reorganization or other proceeding affecting the Bank, the SPC Company or any other Person or any action that may be taken by any receiver, trustee or liquidator (or other similar official) or by any court in connection therewith, or (e) any other cause, whether similar or dissimilar to the foregoing, any present or future Applicable Law to the contrary notwithstanding, it being the intention and agreement of the parties hereto, and the basis of the bargain, that all payment and performance obligations of the Bank hereunder, parties under this Indenture and any Note shall (except to the Deed of Assignment and under the other Transaction Documents to which it is a party shall extent prohibited by Applicable Law) continue to apply in all events in the manner and at the times herein or therein provided unless and until such obligations shall have been discharged pursuant to the express provisions of the Transaction Documents. Nothing in this Section shall preclude any separate, independent claim that any Person may have for the breach of any representation, warranty, covenant, undertaking or agreement made by the Bank under any of the Transaction Documents.

Absolute Obligations. This Agreement and the Deed of Assignment Indenture shall not terminate, nor shall the obligations of the parties hereunder and thereunder hereto be otherwise affected, by reason of of: (a) the invalidity or unenforceability of this Agreement, the Deed of Assignment Indenture or any other Transaction Document or any other agreement entered into in connection therewith, (b) any action or inaction by the SPC, the Bank or any other PersonPerson other than the Indenture Trustee taken in accordance with the other provisions hereof, (c) the occurrence of an Early Amortization Event or Default or the any other default by any party under any Transaction Document or other document delivered in connection therewith, (d) any insolvency of or any bankruptcy, intervention, reorganization or other proceeding affecting the Bank, the SPC or any other Person or any action that may be taken by any receiver, trustee or liquidator (or other similar official) or by any court in connection therewith or (e) any other cause, whether similar or dissimilar to the foregoing, any present or future Applicable Law to the contrary notwithstanding, it being the intention and agreement of the parties hereto, and the basis of the bargain, that all payment and performance obligations of the Bank parties hereunder, under the Deed of Assignment any Indenture Supplement and under the other Transaction Documents to which it is a party any Note shall continue to apply in all events in the manner and at the times herein or therein provided unless and until such obligations shall have been discharged pursuant to the express provisions of this Indenture, the Transaction Documentsapplicable Indenture Supplement or the applicable Note. Nothing in this Section shall preclude any separate, independent claim that any Person may have for the breach of any representation, warranty, covenant, undertaking or agreement made by the Bank under any of the Transaction Documentshereunder.