Borrower’s Obligations Absolute. The Borrower’s obligations under this Agreement and under the other Program Documents 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Highland Credit Strategies Fund), Revolving Credit and Security Agreement (Highland Distressed Opportunities, Inc.), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser Advisor or any other Person may have or have had against the Agent, the Lender, any Secured Party Secondary Lender or any other Person.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Liberty Floating Rate Advantage Fund), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents to which it is a party 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund), Revolving Credit and Security Agreement (Van Kampen Senior Income Trust)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person Borrower may have or have had against the Agent, the Lender, any Secured Party Secondary Lender or any other Person.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Belport Capital Fund LLC), Revolving Credit and Security Agreement (Belmar Capital Fund LLC)
Borrower’s Obligations Absolute. The Subject to the provisions of Section 9.12, the Borrower’s obligations under this Agreement and under the other Program Documents 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser Borrower or any other Person may have or have had against the Agent, any Secured Party Lender, any Secondary Lender or any other Person.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Xl Capital LTD)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (First Trust Senior Floating Rate Income Fund Ii)
Borrower’s Obligations Absolute. The Borrower’s obligations under this Agreement and under the other Program Documents to which it is a party 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 setoff, counterclaim or defense to payment which the Borrower, the Adviser Borrower or any other Person may have or have had against any Secured Party or any other Person.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (BlackRock Defined Opportunity Credit Trust)
