Borrower’s Obligations Absolute. The Borrower's obligations to each Secured Party, each Affected Person and each Indemnified Party under this Agreement and under the other Program Documents (other than the Loan 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 3 contracts
Samples: Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund), Revolving Credit and Security Agreement (Van Kampen Senior Loan Fund)
Borrower’s Obligations Absolute. The Borrower's ’s obligations to each Secured Party, each Affected Person and each Indemnified Party under this Agreement and under the other Program Documents (other than the Loan 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 (Invesco Dynamic Credit Opportunities Fund), Revolving Credit and Security Agreement (Invesco Prime Income Trust)
Borrower’s Obligations Absolute. The Borrower's ’s obligations to each Secured Party, each Affected Person and each Indemnified Party under this Agreement and under the other Program Transaction Documents (other than the Loan 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 1 contract
Samples: Revolving Credit and Security Agreement (Morgan Stanley Prime Income Trust)
