Common use of Obligation to Pay Absolute Clause in Contracts

Obligation to Pay Absolute. Except as provided under Section 7.6, the obligations of the Borrower to make payments on the Loans as and when due in accordance with this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the Borrower may at any time have or have had against the Administrative Agent or the Finance Parties, whether in connection with this Agreement or otherwise.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Alimentation Couche Tard Inc)

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Obligation to Pay Absolute. Except as provided under Section 7.69.8, the obligations of the each Borrower to make payments on the Loans as and when due in accordance with this Agreement provided shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the any Borrower may at any time have or have had against the Administrative Agent or the Finance Parties, whether in connection with this Agreement or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Cgi Group Inc)

Obligation to Pay Absolute. Except as provided under Section 7.69.8, the obligations of the each Borrower to make payments on the Loans as and when due provided in accordance with this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the any Borrower may at any time have or have had against the Administrative Agent or the Finance Parties, whether in connection with this Agreement or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Cgi Group Inc)

Obligation to Pay Absolute. Except as provided under Section 7.6, the The obligations of the Borrower to make payments on the Loans Loan as and when due in accordance with this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the Borrower may at any time have or have had against the Administrative Agent or the Finance PartiesLender, whether in connection with this Agreement or otherwise.

Appears in 1 contract

Samples: Loan Agreement (KWESST Micro Systems Inc.)

Obligation to Pay Absolute. Except as provided under Section 7.6, the The obligations of the Borrower to make payments on the Loans Loan as and when due in accordance with this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without condition or deduction for any right of compensation counterclaim, defense, recoupment or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the Borrower may at any time have or have had against the Administrative Agent or the Finance Parties, whether in connection with this Agreement or otherwisesetoff.

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

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Obligation to Pay Absolute. Except as provided under Section 7.6, the The obligations of the Borrower to make payments on the Loans payment of any amount hereunder as and when due in accordance with this Agreement shall be are unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defence, right of action or claim of any nature whatsoever which the Borrower may at any time have or have had against the Administrative Agent or the Finance PartiesLender, whether in connection with this Agreement or otherwise.

Appears in 1 contract

Samples: Loan Agreement (Digihost Technology Inc.)

Obligation to Pay Absolute. Except as provided under Section 7.6, the The obligations of the Borrower to make payments on the Loans as and when due provided in accordance with this Agreement shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances without any right of compensation or set-off and notwithstanding any defencedefense, right of action or claim of any nature whatsoever which any of the Borrower may at any time have or have had against the Administrative Agent or the Finance PartiesLenders, whether in connection with this Agreement or otherwise.

Appears in 1 contract

Samples: Credit Agreement

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