Common use of Rights and Obligations Unconditional Clause in Contracts

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower under this Article 4 are absolute, unconditional and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc), Revolving Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)

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Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower under this Article 4 IV are absoluteabsolute and unconditional, unconditional and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Jacobson Stores Inc), Revolving Credit Agreement (Best Products Co Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Administrative Agent, CIT and the Lenders and the obligations of the Borrower under this Article 4 IV are absolute, unconditional and the Administrative Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Administrative Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Television & Appliances Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower under this Article 4 IV are absoluteabsolute and unconditional, unconditional and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weiners Stores Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT CIT, WLR and the Lenders Lenders, and the obligations of the Borrower Borrowers under this Article 4 IV are absoluteabsolute and unconditional, unconditional and the Agent, CIT CIT, WLR and the Lenders Lenders, shall not be deemed to have waived the condition set forth in Section Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit Agreement (Planet Hollywood International Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower under this Article 4 IV are absoluteabsolute and unconditional, unconditional and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein the Agent or the Lenders any Lender (knowingly or otherwise) make makes an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weiners Stores Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower Borrowers under this Article 4 IV are absolute, unconditional and joint and several and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hechinger Co)

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Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower Borrowers under this Article 4 IV are absolute, unconditional and joint and several and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Gs Technologies Operating Co Inc)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Agent, CIT and the Lenders and the obligations of the Borrower Borrowers under this Article 4 are absolute, unconditional and the Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to including, without limitation, circumstances wherein the Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (American Architectural Products Corp)

Rights and Obligations Unconditional. Without limitation of any other provision of this Agreement, the rights of the Administrative Agent, CIT and the Lenders and the obligations of the Borrower Borrowers under this Article 4 IV are absolute, unconditional and the Administrative Agent, CIT and the Lenders shall not be deemed to have waived the condition set forth in Section 4.01 hereof or their right to payment in accordance with Section 4.02 hereof in any circumstance whatever, including but not limited to circumstances wherein wherein, the Administrative Agent or the Lenders (knowingly or otherwise) make an advance hereunder in excess of the Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Genesis Direct Inc)

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