Common use of Absolute Rights and Obligations Clause in Contracts

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors in respect of the Secured Obligations or of this Agreement.

Appears in 6 contracts

Samples: Lc Account Agreement (Texas Bottling Group Inc), Lc Account Agreement (Coca Cola Bottling Group Southwest Inc), Credit Agreement (Breed Technologies Inc)

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Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Unicapital Corp), Credit Agreement (Miller Industries Inc /Tn/), Stock Pledge Agreement (Miller Industries Inc /Tn/)

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors each Guarantor hereunder, shall be absolute and unconditional irrespective of: (a1) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantor's Obligations; (b2) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Guarantor's Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantor's Obligations; (c3) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Guarantor's Obligations; or (d4) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors each Guarantor in respect of the Secured Guarantor's Obligations or of this Guaranty Agreement.

Appears in 2 contracts

Samples: Guaranty Agreement (Coca Cola Bottling Group Southwest Inc), Guaranty Agreement (Texas Bottling Group Inc)

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors any Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Unicapital Corp), Credit Agreement (Cultural Access Worldwide Inc)

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Guarantor hereunder, shall be absolute and unconditional irrespective of: (a1) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantors' Obligations; (b2) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Guarantors' Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantors' Obligations; (c3) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Guarantors' Obligations; or (d4) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Guarantor in respect of the Secured Guarantors' Obligations or of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Ameristeel Corp), Credit Agreement (Cultural Access Worldwide Inc)

Absolute Rights and Obligations. All rights of the Secured PartiesParty, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Purchase Agreement, any other Loan Transaction Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Purchase Agreement, any other Loan Transaction Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Senetek PLC /Eng/)

Absolute Rights and Obligations. All rights of the Secured ------------------------------- Parties, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Walter Industries Inc /New/)

Absolute Rights and Obligations. All rights of the Secured Guaranteed Parties, and all obligations of the Pledgors Guarantor hereunder, shall be absolute and unconditional irrespective of: (a) 1. any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) 2. any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) 3. any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) 4. any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors any Guarantor in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Parent Guarantor Guaranty Agreement (Aircastle LTD)

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Company hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Intercreditor Agreement, any other Loan Document the Transaction Documents or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Company Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Intercreditor Agreement, any other Loan Transaction Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Company in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Crown Crafts Inc)

Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Borrower hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Borrower in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ameristeel Corp)

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Absolute Rights and Obligations. All rights of the Secured Parties, and all obligations of the Pledgors Guarantor hereunder, shall be absolute and unconditional irrespective of: (a1) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantors' Obligations; (b2) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Guarantors' Obligations, or any other amendment or waiver of or any 138 consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Guarantors' Obligations; (c3) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Guarantors' Obligations; or (d4) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Guarantor in respect of the Secured Guarantors' Obligations or of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ameristeel Finance Inc)

Absolute Rights and Obligations. All rights of the Secured PartiesParty, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document Purchase Agreement or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Purchase Agreement, any other Loan Document the Notes or the Related Documents or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from the Subsidiary Guaranty Agreement, or any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Merlin Software Technologies International Inc)

Absolute Rights and Obligations. All rights of the Secured PartiesParty, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document Purchase Agreement or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Purchase Agreement, any other Loan Document the Notes or the Transaction Documents or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Merlin Software Technologies International Inc)

Absolute Rights and Obligations. All rights of the Secured Parties, ------------------------------- and all obligations of the Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors in respect of the Secured Obligations or of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

Absolute Rights and Obligations. All rights of the Secured PartiesParty, and all obligations of the Pledgors Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, the Note Agreement, any other Loan Credit Transaction Document or any other agreement or instrument relating to any of the Secured Obligations; (b) any change in the 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 or any consent to any departure from the Credit Agreement, the Note Agreement, any other Loan Credit Transaction Document or any other agreement or instrument relating to any of the Secured Obligations; (c) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; or (d) any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Pledgors Pledgor in respect of the Secured Obligations or of this Note Pledge Agreement.

Appears in 1 contract

Samples: Credit Agreement (Covenant Transport Inc)

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