Common use of PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC Clause in Contracts

PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations), including, without limitation: (i) any renewal, extension, amendment or modification of or addition or supplement to or deletion from any Secured Debt Agreement or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such agreement or instrument including, without limitation, this Agreement; (iii) any furnishing of any additional security to the Pledgee or its assignee or any acceptance thereof or any release of any security by the Pledgee or its assignee;

Appears in 1 contract

Samples: Pledge Agreement (Power Ten)

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PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each the Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations)whatsoever, including, without limitation: (i) any renewal, extension, amendment or modification of of, or addition or supplement to or deletion from from, any Secured Debt Agreement of the above mentioned documents or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or instrument includingthis Agreement or any exercise or non-exercise of any right remedy, without limitation, power or privilege under or in respect of this Agreement; Agreement (iii) any furnishing of any additional security to the Pledgee or its assignee or any acceptance thereof or any release sale, exchange, release, surrender or realization of or upon any security by the Pledgee Pledgee; or its assignee;(iv) any invalidity, irregularity or unenforceability of all or part of the obligations or of any security therefor.

Appears in 1 contract

Samples: Collateral Pledge Agreement (Pet Quarters Inc)

PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each the Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations)whatsoever, including, without limitation: (ia) any renewal, extension, amendment or modification of of, or addition or supplement to or deletion from from, any Secured Debt Agreement of the Finance Documents or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (iib) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or instrument includingthis Agreement or any exercise or non-exercise of any right, without limitationremedy, power or privilege under or in respect of this AgreementAgreement or any other Finance Document; (iiic) any furnishing of any additional security to the Pledgee or its assignee Security Trustee or any acceptance thereof or any release sale, exchange, release, surrender or realization of or upon any security by the Pledgee Security Trustee; or its assignee;(d) any invalidity, irregularity or unenforceability of all or part of the Secured Liabilities or of any security therefor.

Appears in 1 contract

Samples: Pledge Agreement (Chaparral Resources Inc)

PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each the Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations)whatsoever, including, without limitation: (i) any renewal, extension, amendment or modification of of, or addition or supplement to or deletion from from, any Secured Debt Agreement of the Credit Documents or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or instrument includingthis Agreement or any exercise or non-exercise of any right, without limitationremedy, power or privilege under or in respect of this AgreementAgreement or any other Credit Document; (iii) any furnishing of any additional security to the Pledgee or its assignee or any acceptance thereof or any release sale, exchange, release, surrender or realization of or upon any security by the Pledgee Pledgee; or its assignee;(iv) 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 (United Petroleum Corp)

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PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each the Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations)whatsoever, including, without limitation: (i) any renewal, extension, amendment or modification of of, or addition or supplement to or deletion from from, any Secured Debt Agreement of the Transaction Documents or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof; (ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such instrument or agreement or instrument includingthis Agreement or any exercise or non-exercise of any right, without limitationremedy, power or privilege under or in respect of this AgreementAgreement or any other Transaction Document; (iii) any furnishing of any additional security to the Pledgee or its assignee Agent or any acceptance thereof or any release sale, exchange, release, surrender or realization of or upon any security by the Pledgee Agent; or its assignee;(iv) any invalidity, irregularity or unenforceability of all or part of the Secured Obligations or of any security therefor.

Appears in 1 contract

Samples: Stock Pledge Agreement (Aura Systems Inc)

PLEDGORS’ OBLIGATIONS ABSOLUTE, ETC. The obligations of each the Pledgor under this 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 circumstance or occurrence whatsoever (other than for the indefeasible payment in full in cash of all Obligations)whatsoever, including, including without limitation: (ia) any renewal, extension, amendment or modification of of, or addition or supplement to or deletion from any Secured Debt Agreement or any other instrument or agreement referred to thereinfrom, the Note, or any assignment or transfer of any thereof; (iib) any waiver, consent, extension, indulgence or other action or inaction under or in respect of the Note or this Agreement or any such agreement exercise or instrument includingnon-exercise of any right, without limitationremedy, power or privilege under or in respect of the Note or this Agreement; (iiic) any furnishing of any additional security to the Pledgee or its assignee or any acceptance thereof or any release sale, exchange, release, surrender or realization of or upon any security by the Pledgee Pledgee; or its assignee;(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 (Universal Hospital Services Inc)

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