Common use of Pledgor's Obligations Not Affected Clause in Contracts

Pledgor's Obligations Not Affected. The obligations of the Pledgor and ---------------------------------- each of the Pledgor's Permitted Transferees under this Stock Pledge Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by: (a) any subordination, amendment or modification of or addition or supplement to the Employment Agreement, the Shareholders' Agreement, or the Indebtedness or any assignment or transfer thereof; (b) any exercise or non-exercise by Holding of any right, remedy, power or privilege under or in respect of this Stock Pledge Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any waiver of any such right, remedy, power or privilege; (c) any waiver, consent, extension indulgence or other action or inaction in respect of this Stock Pledge Agreement, the Employment Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any assignment or transfer of any thereof; or (d) any bankruptcy, insolvency, reorganization arrangement, readjustment, composition, liquidation or the like, of Holding, whether or not the Pledgor and the Pledgor's Permitted Transferees shall have notice or knowledge of any of the foregoing.

Pledgor's Obligations Not Affected. The obligations of the Pledgor ---------------------------------- and ---------------------------------- each of the Pledgor's Permitted Transferees under this Stock Pledge Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by: (a) any subordination, amendment or modification of or addition or supplement to the Employment Agreement, the Shareholders' Agreement, or the Indebtedness or any assignment or transfer thereof; (b) any exercise or non-exercise by Holding of any right, remedy, power or privilege under or in respect of this Stock Pledge Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any waiver of any such right, remedy, power or privilege; (c) any waiver, consent, extension indulgence or other action or inaction in respect of this Stock Pledge Agreement, the Employment Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any assignment or transfer of any thereof; or (d) any bankruptcy, insolvency, reorganization arrangement, readjustment, composition, liquidation or the like, of Holding, whether or not the Pledgor and the Pledgor's Permitted Transferees shall have notice or knowledge of any of the foregoing.

Pledgor's Obligations Not Affected. The obligations of the Pledgor and ---------------------------------- each of the Pledgor's Permitted Transferees under this Stock Pledge Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by: (a) any subordination, amendment or modification of or addition or supplement to the Employment Agreement, the Shareholders' Agreement, or the Indebtedness or any assignment or transfer thereof; (b) any b)any exercise or non-exercise by Holding of any right, remedy, power or privilege under or in respect of this Stock Pledge Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any waiver of any such right, remedy, power or privilege; (c) any waiver, consent, extension indulgence or other action or inaction in respect of this Stock Pledge Agreement, the Employment Agreement, the Shareholders' Agreement or any instrument evidencing any Indebtedness, or any assignment or transfer of any thereof; or (d) any bankruptcy, insolvency, reorganization arrangement, readjustment, composition, liquidation or the like, of Holding, whether or not the Pledgor and the Pledgor's Permitted Transferees shall have notice or knowledge of any of the foregoing.