Common use of Liability unconditional Clause in Contracts

Liability unconditional. The liability of the Subordinated Creditor shall not be affected, discharged or reduced by reason of: (a) the Incapacity or any change in the name, style or constitution of any Obligor or any other person; (b) the Beneficiaries (or any of them) granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Obligor or any other person or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring 161 in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Obligor or any other person; or (c) any act or omission which but for this provision might operate to exonerate the Subordinated Creditor.

Liability unconditional. The liability of the Subordinated Creditor shall not be affected, discharged or reduced by reason of: (a) 4.4.1 the Incapacity or any change in the name, style or constitution of any Obligor the Borrower or any other personSecurity Provider; (b) 4.4.2 the Security Trustee, the Beneficiaries (or any of them) them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Obligor the Borrower or any other person Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring 161 in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Obligor the Borrower or any other personSecurity Provider; or (c) 4.4.3 any act or omission which but for this provision might operate to exonerate the Subordinated Creditor.

Liability unconditional. The liability of the Subordinated Creditor shall not be affected, discharged or reduced by reason of: (a) the Incapacity or any change in the name, style or constitution of any Obligor the Borrower or any other personSecurity Provider; (b) the Security Trustee, the Beneficiaries (or any of them) them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Obligor the Borrower or any other person Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring 161 in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Obligor the Borrower or any other personSecurity Provider; or (c) any act or omission which but for this provision might operate to exonerate the Subordinated Creditor.

Liability unconditional. The liability of the Subordinated Creditor shall not be affected, discharged or reduced by reason of: (a) 4.4.1 the Incapacity or any change in the name, style or constitution of any Obligor the Borrower or any other personSecurity Provider; (b) 4.4.2 the Security Trustee, the New Beneficiaries (or any of them) them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, any Obligor the Borrower or any other person Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring 161 in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from any Obligor the Borrower or any other personSecurity Provider; or (c) 4.4.3 any act or omission which but for this provision might operate to exonerate the Subordinated Creditor.