Common use of No Release, Etc Clause in Contracts

No Release, Etc. The obligations of Pledgor under this Pledge --------------- Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstances or occurrence whatsoever, including, without limitation: (a) any renewal, extension, amendment or modification of, or addition or supplement to or deletion from, the Note or any other instrument or agreement referred to therein, or any assignment or transfer thereof; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or this Pledge Agreement or any exercise or non-exercise of any right, remedy, power or privilege under or in respect of this Pledge Agreement or any other Loan Document; (c) any furnishing of any additional security to Pledgee or any acceptance thereof or any sale, exchange, release, surrender or realization of or upon any security by Pledgee; or (d) any invalidity, irregularity or unenforceability of all or part of the Secured Obligations or of any security therefor.

Appears in 2 contracts

Samples: Pledge Agreement (Leslies Poolmart Inc), Pledge Agreement (Leslies Poolmart Inc)

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No Release, Etc. The obligations of Pledgor under this Pledge --------------- Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstances or occurrence whatsoever, including, without limitation: (a) any renewal, extension, amendment or modification of, or addition or supplement to or deletion from, any of the Note Loan Documents or any other instrument or agreement referred to therein, or any assignment or transfer thereof; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or this Pledge Agreement or any exercise or non-exercise of any right, remedy, power or privilege under or in respect of this Pledge Agreement or any other Loan Document; (c) any furnishing of any additional security to Pledgee or any acceptance thereof or any sale, exchange, release, surrender or realization of or upon any security by Pledgee; or (d) any invalidity, irregularity or unenforceability of all or part of the Secured Obligations or of any security therefor.

Appears in 1 contract

Samples: Pledge Agreement (Magnetek Inc)

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No Release, Etc. The obligations of Pledgor under this Pledge --------------- Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstances or occurrence whatsoever, including, without limitation: (a) any renewal, extension, amendment or modification of, or addition or supplement to or deletion from, any of the Promissory Note or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or this Pledge Agreement or any exercise or non-exercise of any right, remedy, power or privilege under or in respect of this Pledge Agreement or any other Loan DocumentAgreement; (c) any furnishing of any additional security to Pledgee Secured Party or any acceptance thereof or any sale, exchange, release, surrender or realization of or upon any security by PledgeeSecured Party; or (d) any invalidity, irregularity or unenforceability of all or part of the Secured Obligations Pledgor’s obligations under the Promissory Note or of any security therefortherefore.

Appears in 1 contract

Samples: Pledge Agreement (Williams Realty Fund I LLC)

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