Borrower's Obligation Absolute. The Borrower's obligation to pay each Creditor hereunder and under the Note shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower may have or may have had against the Creditors.
Appears in 5 contracts
Samples: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)
Borrower's Obligation Absolute. The Borrower's Borrowers' obligation to pay each Creditor hereunder and under the Note shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower Borrowers or any of them may have or may have had against the Creditors.
Appears in 2 contracts
Samples: Credit Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)
Borrower's Obligation Absolute. The Borrower's Borrowers’ obligation to pay each Creditor hereunder and under the Note shall be absolute, unconditional unconditional, irrevocable and irrevocablejoint and several, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower Borrowers may have or may have had against the Creditors.
Appears in 2 contracts
Samples: Agreement (International Shipholding Corp), Senior Secured Term Loan Facility Agreement (International Shipholding Corp)
Borrower's Obligation Absolute. The Borrower's obligation to pay each Creditor hereunder and under the Note shall be absolute, unconditional and irrevocable, irrevocable and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower B01rower may have or may have had against the Creditors.
Appears in 1 contract
Samples: Account Pledge Agreement (International Shipholding Corp)
Borrower's Obligation Absolute. The Borrower's obligation to pay each Creditor hereunder and under the Note shall be absolute, unconditional and irrevocable, irrevocable and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which the Borrower may have or may have had against the Creditors.
Appears in 1 contract
