Common use of Obligations of the Loan Parties Unconditional Clause in Contracts

Obligations of the Loan Parties Unconditional. Nothing contained herein is intended to or shall increase or impair the obligations, liabilities and indebtedness of the Loan Parties to pay the Claims as and when the same shall become due and payable in accordance with the terms of the Moriah Loan Agreements and the Noteholder Agreements, as applicable, or to affect the relative rights of the Loan Parties and creditors of the Loan Parties other than the Creditors.

Appears in 6 contracts

Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp)

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Obligations of the Loan Parties Unconditional. Nothing contained herein is intended to or shall increase or impair impair, as between each Loan Party and Creditor only, the obligations, liabilities and indebtedness Obligations of the Loan Parties Parties, which are absolute and unconditional, to pay to the Claims holder of the Subordinated Debt the Subordinated Debt as and when the same shall become due and payable in accordance with the terms of the Moriah Loan Agreements and the Noteholder Agreements, as applicableits terms, or to affect the relative rights of the Loan Parties and creditors of the Loan Parties other than the CreditorsAgent and Senior Lenders.

Appears in 1 contract

Samples: Intercreditor Agreement (Kinetek Inc)

Obligations of the Loan Parties Unconditional. Nothing contained herein is intended to or shall increase or impair the obligations, liabilities and indebtedness of Parent or the Loan Parties Parties, which are absolute and unconditional, to pay to the Claims as and when the same shall become due and payable in accordance with the terms of the Moriah Loan Agreements BA Documents and the Noteholder AgreementsTrustee Documents, as applicable, or to affect the relative rights of Parent and the Loan Parties and creditors of the Loan Parties other than BA, the CreditorsLenders, Trustee and the Noteholders.

Appears in 1 contract

Samples: Intercreditor Agreement (Playboy Enterprises Inc)

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Obligations of the Loan Parties Unconditional. Nothing contained herein is intended to or shall increase or impair the obligations, liabilities and indebtedness of the Loan Parties to pay the Claims as and when the same shall become due and payable in accordance with the terms of the Moriah Loan Agreements and the Noteholder Agreements, as applicable, respective Security Documents or to affect the relative rights of the Loan Parties and creditors of the Loan Parties other than the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement (InterMetro Communications, Inc.)

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