Common use of Each Lender's Obligations Absolute Clause in Contracts

Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to each Fronting Lender under this Section 3.9, including the obligation to purchase and fund a participation in the obligations and rights of a Fronting Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation: (i) the occurrence and continuance of any Default or Event of Default; (ii) any failure or inability of any other Lender to purchase or fund such a participation hereunder; or (iii) any other failure by any other Lender to fulfill its obligations hereunder. Each payment by a Lender to a Fronting Lender shall be made, without any offset, compensation, abatement, withholding or reduction whatsoever.

Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to each Fronting Lender under this Section 3.93.8, including the obligation to purchase and fund a participation in the obligations and rights of a Fronting Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation: (i) the occurrence and continuance of any Default or Event of Default; (ii) any failure or inability of any other Lender to purchase or fund such a participation hereunder; or (iii) any other failure by any other Lender to fulfill its obligations hereunder. Each payment by a Lender to a Fronting Lender shall be made, without any offset, compensation, abatement, withholding or reduction whatsoever.

Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to each Fronting the Issuing Lender under this Section 3.9, including the obligation to purchase and fund a participation in the obligations and rights of a Fronting the Issuing Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation: (i) the occurrence and continuance of any Default or Event of Default; (ii) any failure or inability of any other Lender to purchase or fund such a participation hereunder; or (iii) any other failure by any other Lender to fulfill fulfil its obligations hereunder. Each payment by a Lender to a Fronting the Issuing Lender shall be made, without any offset, compensation, abatement, withholding or reduction whatsoever.

Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to each Fronting the Issuing Lender under this Section 3.9, including the obligation to purchase and fund a participation in the obligations and rights of a Fronting the Issuing Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation: (i) the occurrence and continuance of any Default or Event of Default; (ii) any failure or inability of any other Lender to purchase or fund such a participation hereunder; or (iii) any other failure by any other Lender to fulfill its obligations hereunder. Each payment by a Lender to a Fronting the Issuing Lender shall be made, without any offset, compensation, abatement, withholding or reduction whatsoever.