Common use of Interest Absolute Clause in Contracts

Interest Absolute. All rights of the Senior Notes Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Indenture or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or of this Agreement.

Appears in 2 contracts

Samples: Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp)

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Interest Absolute. All rights of the Senior Notes Price Note Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Indenture Purchase Agreement or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the IndenturePurchase Agreement; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or of this Agreement.

Appears in 2 contracts

Samples: Note Purchase Agreement (Excel Legacy Corp), Note Purchase Agreement (Excel Legacy Corp)

Interest Absolute. All rights of the Senior Notes Collateral Agent Trustee and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Indenture Indenture, or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of Pledgor's obligations pursuant to the ObligationsIndenture, or any other amendment or waiver of or any consent to any departure from the Indenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of Pledgor's obligations pursuant to the ObligationsIndenture; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations Indenture obligations or of this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Austin Funding Com Corp)

Interest Absolute. All rights of the Senior Notes Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Indenture or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the any Pledgor in respect of the Obligations or of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Shop Vac Corp)

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Interest Absolute. All rights of the Senior Notes Collateral Agent and the Holders other Secured Parties hereunder and under the Security Documents and the security interests created hereunderunder the Security Documents, and all obligations of the Pledgor hereunderhereunder and under the Security Documents, shall be absolute and unconditional irrespective of: : (a) any lack of validity or enforceability of the Indenture Credit Agreement or the Additional Debt Documents or any other agreement or instrument relating thereto; ; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture; Credit Agreement or the Additional Debt Documents; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or of this AgreementAgreement or the Security Documents, other than the satisfaction in full of the Obligations.

Appears in 1 contract

Samples: Collateral Agency Agreement (Central Illinois Public Service Co)

Interest Absolute. All rights of the Senior Notes Collateral Agent Trustee and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Indenture Indenture, or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of Pledgor's obligations pursuant to the ObligationsIndenture, or any other amendment or waiver of or any consent to any departure from the Indenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of Pledor's obligations pursuant to the ObligationsIndenture; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations Indenture obligations or of this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Austin Funding Com Corp)

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