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

Pledgor's Obligations Not Affected. The covenants and agreements of each Pledgor set forth herein are primary obligations of such Pledgor. All such obligations are absolute and unconditional, are not subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment, reduction or defense (other than full and strict compliance by such Pledgor with its obligations hereunder) based upon any claim any Pledgor, the Issuer or any other Person may have against the Pledgee or any other Person. All such obligations will remain in full force and effect without regard to, and will not be released, discharged or in any way affected by, any unenforceability, invalidity or other infirmity with respect to the Note, or any other circumstance, condition or occurrence whatsoever, whether foreseeable or unforeseeable and without regard to whether any Pledgor, the Issuer or the Pledgee shall have any knowledge or notice thereof.

Appears in 4 contracts

Samples: Stock Pledge Agreement (Total Tel Usa Communications Inc), Stock Pledge Agreement (Gold & Appel Transfer Sa), Stock Pledge Agreement (Burns Donald A)

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Pledgor's Obligations Not Affected. The covenants and agreements of each Pledgor set forth herein are primary obligations of such Pledgor. All such obligations are absolute and unconditional, are not subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment, reduction or defense (other than full and strict compliance by such Pledgor with its obligations hereunder) based upon any claim any Pledgor, the Issuer Covista, Capsule, Startec or any other Person may have against the Pledgee or any other Person. All such obligations will remain in full force and effect without regard to, and will not be released, discharged or in any way affected by, any unenforceability, invalidity or other infirmity with respect to the Note, or any other circumstance, condition or occurrence whatsoever, whether foreseeable or unforeseeable and without regard to whether any Pledgor, the Issuer Covista, Capsule, Startec or the Pledgee shall have any knowledge or notice thereof.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Burns Donald A), Stock Pledge Agreement (Gold & Appel Transfer Sa)

Pledgor's Obligations Not Affected. The covenants and agreements of each Pledgor set forth herein are primary obligations of such Pledgor. All such obligations are absolute and unconditional, are not subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment, reduction or defense (other than full and strict compliance by such Pledgor with its obligations hereunder) based upon any claim any Pledgor, the Issuer Covista, Capsule, Startec, Red Tulip or any other Person may have against the Pledgee or any other Person. All such obligations will remain in full force and effect without regard to, and will not be released, discharged or in any way affected by, any unenforceability, invalidity or other infirmity with respect to the Note, or any other circumstance, condition or occurrence whatsoever, whether foreseeable or unforeseeable and without regard to whether the Pledgee, any Pledgor, Covista, Capsule, Startec, Red Tulip or any other entity the Issuer capital stock of which (or an equivalent equity interest in which) has been pledged to Pledgee to secure the Pledgee Borrowers' obligations under the Note shall have any knowledge or notice thereof.

Appears in 2 contracts

Samples: Pledge Agreement (Gold & Appel Transfer Sa), Pledge Agreement (Covista Communications Inc)

Pledgor's Obligations Not Affected. The covenants and agreements of each Pledgor set forth herein are primary obligations of such Pledgor. All such obligations are absolute and unconditional, are not subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment, reduction or defense (other than full and strict compliance by such Pledgor with its obligations hereunder) based upon any claim any Pledgor, the Issuer Issuer, the Borrower or any other Person may have against the Pledgee Trustee, any Lender or any other Person. All such obligations will remain in full force and effect without regard to, and will not be released, discharged or in any way affected by, any unenforceability, invalidity or other infirmity with respect to the Noteany Transaction Document, or any other circumstance, condition or occurrence whatsoever, whether foreseeable or unforeseeable and without regard to whether any Pledgor, the Issuer or the Pledgee Trustee or any Lender shall have any knowledge or notice thereof.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Westpac Custodian Nominees LTD), Stock Pledge Agreement (Westpac Custodian Nominees LTD)

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Pledgor's Obligations Not Affected. The covenants and agreements of each Pledgor set forth herein are primary obligations of such Pledgor. All such obligations are absolute and unconditional, are not subject to any counterclaim, set-off, deduction, diminution, abatement, recoupment, suspension, deferment, reduction or defense (other than full and strict compliance by such Pledgor with its obligations hereunder) based upon any claim any Pledgor, the Issuer Covista, Red Tulip or any other Person may have against the Pledgee or any other Person. All such obligations will remain in full force and effect without regard to, and will not be released, discharged or in any way affected by, any unenforceability, invalidity or other infirmity with respect to the Note, or any other circumstance, condition or occurrence whatsoever, whether foreseeable or unforeseeable and without regard to whether the Pledgee, any Pledgor, Covista, Red Tulip or any other entity the Issuer capital stock of which (or an equivalent equity interest in which) has been pledged to Pledgee to secure the Pledgee Borrowers' obligations under the Note shall have any knowledge or notice thereof.

Appears in 2 contracts

Samples: Pledge Agreement (Burns Donald A), Pledge Agreement (Covista Communications Inc)

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