Common use of Additional Term Obligations Unconditional Clause in Contracts

Additional Term Obligations Unconditional. All rights of any Additional Term Agent hereunder, and all agreements and obligations of the ABL Agent, the Term Loan Agent and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: (i) any lack of validity or enforceability of any Additional Term Document; (ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Additional Term Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Additional Term Document; (iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Additional Term Obligations or any guarantee thereof; (iv) the commencement of any Insolvency Proceeding in respect of the Company or any other Credit Party; or (v) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the Additional Term Obligations, or of any of the ABL Agent, the Term Loan Agent or any Credit Party, to the extent applicable, in respect of this Agreement.

Appears in 3 contracts

Samples: Second Lien Credit and Guaranty Agreement (Lannett Co Inc), Indenture (Lannett Co Inc), Intercreditor Agreement (Lannett Co Inc)

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Additional Term Obligations Unconditional. All rights of any Additional Term [Term] Agent hereunder, and all agreements and obligations of the ABL Agent, the [Term Loan Loan] Agent and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: (i) any lack of validity or enforceability of any Additional Term [Term] Document; (ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Additional Term [Term] Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Additional Term [Term] Document; (iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Additional Term [Term] Obligations or any guarantee thereof; (iv) the commencement of any Insolvency Proceeding in respect of the Company any Borrower or any other Credit Party; or (v) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the Additional Term [Term] Obligations, or of any of the ABL Agent, the [Term Loan Loan] Agent or any Credit Party, to the extent applicable, in respect of this Agreement.

Appears in 1 contract

Samples: Abl Credit Agreement (Uci Holdings LTD)

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