Lien Absolute. All rights of Xxxxxx hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Agreement, any other Basic Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Agreement, any other Basic Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of Company or Pledgor; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract
Lien Absolute. All rights of Xxxxxx Secured Party hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Securities Purchase Agreement, any other Basic Investment Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Securities Purchase Agreement, any other Basic Investment Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations;
(d) the insolvency of Company any Pledgor or Pledgorany Subsidiary Guarantor or any other guarantor of the obligations; or
(e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, any Pledgor.
Appears in 1 contract
Samples: Pledge Agreement (Quiznos Corp)
Lien Absolute. All rights of Xxxxxx Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the AgreementNote, any other Basic Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement AgreementNote, any other Basic Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or release, amendment, waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Company or Pledgor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract
Lien Absolute. All rights of Xxxxxx the Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Agreement, any other Basic Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Loan Agreement, any other Basic Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection non‑perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Company Pledgor or Pledgorany guarantor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Industrial Services of America Inc)
Lien Absolute. All rights of Xxxxxx Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
: (a) any lack of validity or enforceability of the AgreementNote, any other Basic Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations;
; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement AgreementNote, any other Basic Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations;
; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or release, amendment, waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
; (d) the insolvency of Company or Pledgor; or
or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract
Samples: Pledge Agreement
Lien Absolute. All rights of Xxxxxx hereunderAgent xxxxxxxxx, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Agreement, any other Basic Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Loan Agreement, any other Basic Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection non‑perfection of any other of the Pledged Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Company or Pledgorany Obligor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor other than Full Payment of the Secured Obligations.
Appears in 1 contract
Lien Absolute. All rights of Xxxxxx Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of any of the Purchase Agreement, any other Basic Document Note Documents or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from any of the Reimbursement Purchase Agreement, any other Basic Note Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Company any Pledgor or Pledgorany subsidiary thereof; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract
Lien Absolute. All rights of Xxxxxx Lender hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Credit Agreement, any other Basic Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Credit Agreement, any other Basic Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations;
(d) the insolvency of Company or any Pledgor; or
(e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, such Pledgor.
Appears in 1 contract
Samples: Debtor in Possession Credit Agreement (WTD Industries Inc)
Lien Absolute. All rights of Xxxxxx the Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Credit Agreement, any other Basic Document Financing Agreement or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Reimbursement Credit Agreement, any other Basic Document Financing Agreement or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Company the Borrower or Pledgorany of its Subsidiaries; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
Appears in 1 contract