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

Pledgor's Obligations Not Affected. The obligations of Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof (including this Agreement); (c) any amendment to or modification of the Credit Agreement, the other Loan Documents or any of the Secured Obligations; (d) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; or (e) the taking of additional security for, or any guaranty of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty for any of the Secured Obligations, regardless of whether or not Pledgor shall have notice or knowledge of any of the foregoing.

Appears in 3 contracts

Samples: Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.), Pledge Agreement (Pacific Ethanol, Inc.)

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Pledgor's Obligations Not Affected. The obligations of each Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by the Administrative Agent or any Secured Party of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof (including this Pledge Agreement); (cb) any amendment to or modification of the Credit Agreement, any Note, the other Loan Documents or any of the Secured Obligations; (dc) any amendment to or modification of any instrument (other than this Pledge Agreement) securing any of the Secured Obligations, including, without limitation, any of the Collateral Documents; or (ed) the taking of additional security for, or any guaranty other assurances of payment of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty other assurances of payment or performance for any of the Secured Obligations, regardless of ; whether or not such Pledgor shall have notice or knowledge of any of the foregoing, such Pledgor hereby generally waiving all suretyship defenses to the extent applicable.

Appears in 3 contracts

Samples: Pledge Agreement (NOODLES & Co), Pledge Agreement (NOODLES & Co), Pledge Agreement (NOODLES & Co)

Pledgor's Obligations Not Affected. The obligations of Pledgor Pledgors hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof (including this Agreement); (c) any amendment to or modification of the Credit Loan Agreement, the other Loan Documents or any of the Secured Obligations; (d) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; or (e) the taking of additional security for, or any guaranty of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty for any of the Secured Obligations, regardless of whether or not such Pledgor shall have notice or knowledge of any of the foregoing.

Appears in 2 contracts

Samples: Pledge Agreement (Superior Essex Inc), Pledge Agreement (Superior Essex Inc)

Pledgor's Obligations Not Affected. The obligations of the Pledgor and the Holding Company hereunder shall remain in full force and effect without regard to, and shall not be impaired by (whether or not the Pledgor shall have notice or knowledge of any of the following): (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent the Secured Party or any Lender of any right, remedy, power power, or privilege under or in respect of any of the Secured Obligations Obligations, or any security thereof (including this Agreement); (cb) any amendment to or modification of the Credit Agreement, the other Loan Transaction Documents or any of the Secured Obligations; (dc) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; or (ed) the taking of additional security for, or any guaranty other assurances of payment of, any of the Secured Obligations or the release or discharge or of termination of any security or guaranty other assurances of payment or performance for any of the Obligations. The Pledgor hereby waives all suretyship defenses to the extent applicable. Under no circumstances shall the Secured ObligationsParty or any Lender be deemed to be a shareholder, regardless of whether member, partner, or not Pledgor shall have notice or knowledge of any other equity holder of the foregoingHolding Company or the Pledgor by virtue of the provisions of this Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Sagebrush Gold Ltd.)

Pledgor's Obligations Not Affected. The obligations of Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent or Lenders of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof (including this Agreement); (c) any amendment to or modification of the Credit Loan Agreement, the Guaranty, the other Loan Documents or any of the Secured Obligations; (d) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; or (e) the taking of additional security for, or any guaranty of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty for any of the Secured Obligations, regardless of whether or not Pledgor shall have notice or knowledge of any of the foregoing.

Appears in 1 contract

Samples: Loan and Security Agreement (Texas Market Tire, Inc.)

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Pledgor's Obligations Not Affected. The obligations of Pledgor the Pledgors hereunder shall remain in full force and effect without regard to, and shall not be impaired by by, (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (bi) any exercise or nonexercise, or any waiver, by the Agent of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any collateral security thereof therefor (including this Agreement); (cii) any amendment to or modification of the Credit Agreement, Agreement or any of the other Loan Documents or any of the Secured Obligations; (diii) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations(, including, without limitation, any of the Security Documents); or (eiv) the taking of additional collateral security for, or any guaranty other assurances of payment of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty other assurances of payment or performance for any of the Secured Obligations, regardless Obligations or the liability of the Borrower therefor; whether or not Pledgor the Pledgors shall have notice or knowledge of any of the foregoing.

Appears in 1 contract

Samples: Pledge Agreement (Lojack Corp)

Pledgor's Obligations Not Affected. The obligations of Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent Lender of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof (including this Agreement); (c) any amendment to or modification of the Credit Loan Agreement, the other Loan Documents or any of the Secured Obligations; (d) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; or (e) the taking of additional security for, or any guaranty of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty for any of the Secured Obligations, regardless of whether or not Pledgor shall have notice or knowledge of any of the foregoing.

Appears in 1 contract

Samples: Pledge Agreement (Artesyn Technologies Inc)

Pledgor's Obligations Not Affected. The obligations of the Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgor; (b) any exercise or nonexercise, or any waiver, by Agent the Credit Support Provider of any right, remedy, power or privilege under or in respect of any of the Secured Obligations or any security thereof therefor (including this Agreement); (cb) any amendment to or modification of the Credit Agreement, the Notes (as defined in the Credit Agreement), the other Loan Documents (as defined in the Credit Agreement), the Credit Support Agreement, the Fee Letter or any of the Secured Obligations; (dc) any amendment to or modification of any instrument (other than this Agreement) securing any of the Secured Obligations; Obligations or (ed) the taking of additional security for, or any guaranty other assurances of payment of, any of the Secured Obligations or the release or discharge or termination of any security or guaranty other assurances of payment or performance for any of the Secured Obligations, regardless of ; whether or not the Pledgor shall have has notice or knowledge of any of the foregoing, the Pledgor hereby generally waiving all suretyship defenses to the extent applicable.

Appears in 1 contract

Samples: Pledge Agreement (Ares Commercial Real Estate Corp)

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