No Reduction in Obligations. No payment or payments made by any of the Borrowers or any other Person or received or collected by the Agent, the Letter of Credit Issuer or any Lender from any of the Borrowers or any Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, which shall remain liable for all remaining and thereafter arising Obligations until the Obligations are paid in full and the Commitments are terminated.
No Reduction in Obligations. No payment or payments made by any Borrower or any other Person or received or collected by Agent or any Lender from any Borrower or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, and each Borrower shall remain liable for all of the Obligations until the Obligations are paid in full.
No Reduction in Obligations. No payment or payments made by any of the Borrowers or any other Person or received or collected by the Agent or any Lender from any of the Borrowers or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, which shall remain liable for the Secured Obligations until the Secured Obligations are paid in full and the Revolving Credit Facility is terminated.
No Reduction in Obligations. No payment or payments made by any of the Borrowers or any other Person or received or collected by the Administrative Agent or any Lender from any of the Borrowers or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower to repay any outstanding Obligations until all such outstanding Obligations are paid in full and this Agreement is terminated.
No Reduction in Obligations. No payment or payments made by any of the Borrowers or any other Person or received or collected by the Administrative Agent or any Lender from any of the Borrowers or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Loan Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, which shall remain liable for the Loan Obligations until the Loan Obligations are paid in full and the Commitments are terminated.
No Reduction in Obligations. No payment or payments made by any of the Borrowers or any other Person or received or collected by the Agent or any Lender from any of the Borrowers or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, which shall remain liable for the Secured Obligations until the Secured Obligations are paid in full and the Revolving Credit Facility and Capital Expenditure Loan Facility are terminated.
No Reduction in Obligations. No payment or payments made by any of Blackbaud or Blackbaud LLC or any other Person or received or collected by the Administrative Agent or any Lender from any of Blackbaud or Blackbaud LLC or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of Blackbaud or Blackbaud LLC under this Agreement, and each of Blackbaud and Blackbaud LLC shall remain liable for the Obligations until the Obligations are paid in full and this Agreement is terminated.
No Reduction in Obligations. No payment or payments made by any of the U.S. Borrowers or any other Person or received or collected by the Agent or any Lender from any of the U.S. Borrowers or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the U.S. Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each U.S. Borrower under this Agreement, which shall remain liable for the U.S. Obligations until the U.S. Obligations are paid in full and the Revolving Credit Facility and the Equipment Acquisition Loan Facility are terminated. -45- 52 Section 3.18. U.S. OBLIGATIONS ABSOLUTE. Each U.S. Borrower agrees that the U.S. Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Agent or any Lender with respect thereto, unless such payment is then prohibited by applicable law (provided such U.S. Obligation shall not be extinguished by any such prohibition). All U.S. Obligations shall be conclusively presumed to have been created in reliance hereon. The liabilities under this Agreement shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payments of, or in any other term of, all or any part of the U.S. Obligations, or any other amendment or waiver thereof or any consent to departure therefrom, including any increase in the U.S. Obligations resulting from the extension of additional credit to any U.S. Borrower or otherwise; (c) any taking, exchange, release or non-perfection of any Collateral, or any release or amendment or waiver of or consent to departure from any guaranty for all or any of the U.S. Obligations; (d) any change, restructuring or termination of the corporate structure or existence of any U.S. Borrower; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any U.S. Borrower. This Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the U.S. Obligations is rescinded or must otherwise be returned by the Agent or any Lender upon the insolvency, bankruptcy or reorganization of any U.S. Bor...
No Reduction in Obligations. No payment or payments made by Teltronics, ATS or Interactive or any other Person or received or collected by Lender from Teltronics, ATS or Interactive or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of Teltronics, ATS or Interactive under this Agreement, each of whom shall remain jointly and severally liable for the payment of all of the Obligations until paid in full and this Agreement is terminated.
No Reduction in Obligations. Except to the extent specifically provided in 7(E) above, no payment or payments made by any of the Borrowers or any other Person or received or collected by the Administrative Agent or any Lender from any of the Borrowers or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in payment of the Loan Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of each Borrower under this Agreement, which shall remain liable for the Loan Obligations until the Loan Obligations are paid in full and the Commitments are terminated.
