Common use of Obligations Are Unconditional Clause in Contracts

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER might otherwise have against the LENDER, and the BORROWER shall pay absolutely during the terms of the LOANS the payments of the principal and interest to be made on account of the LOANS and all other payments required hereunder, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, the BORROWER: (a) shall not suspend or discontinue any payments provided for herein and in the NOTES; (b) shall perform and observe all of the BORROWER'S other covenants and agreements contained in the LOAN DOCUMENTS, including but not limited to making all payments required to be made to the LENDER; and (c) shall not terminate or attempt to terminate the LOAN DOCUMENTS for any cause.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER might otherwise have against the LENDER, and the BORROWER shall pay absolutely during the terms of the LOANS LOAN the payments of the principal and interest to be made on account of the LOANS LOAN and all other payments required hereunder, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, the BORROWER: (a) shall not suspend or discontinue any payments provided for herein and in the NOTESPROMISSORY NOTE; (b) shall perform and observe all of the BORROWER'S 's other covenants and agreements contained in the LOAN DOCUMENTS, including but not limited to making all payments required to be made to the LENDER; and (c) shall not terminate or attempt to terminate the LOAN DOCUMENTS for any cause.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER might otherwise have against the LENDER, and the BORROWER shall pay absolutely during the terms term of the LOANS LOAN the payments of the principal and interest to be made on account of the LOANS LOAN and all other payments required hereunder, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, the BORROWER: (a) shall not suspend or discontinue any payments provided for herein and in the NOTESNOTE; (b) shall perform and observe all of the BORROWER'S other covenants and agreements contained in the LOAN DOCUMENTS, including but not limited to making all payments required to be made to the LENDER; and (c) shall not terminate or attempt to terminate the LOAN DOCUMENTS for any cause.. ARTICLE 9

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS Obligations shall be the absolute and unconditional duty and obligation of the BORROWERBorrower, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER Borrower might otherwise have against the LENDERLender, and the BORROWER Borrower shall pay absolutely during the terms of the LOANS Loan(s) the payments of the principal and interest to be made on account of the LOANS Loan(s) and all other payments required hereunder, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS Obligations have been fully paid and performed, the BORROWERBorrower: (a) shall not suspend or discontinue any payments provided for herein and in the NOTESNote(s); (b) shall perform and observe all of the BORROWER'S Borrower’s other covenants and agreements contained in the LOAN DOCUMENTSLoan Documents, including but not limited to making all payments required to be made to the LENDERLender; and (c) shall not terminate or attempt to terminate the LOAN DOCUMENTS Loan Documents for any cause.