Second Lien Obligations Unconditional. All rights of the Second Lien Agent hereunder, all agreements and obligations of the ABL Agents and the Loan Parties (to the extent applicable) hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of: (i) any lack of validity or enforceability of any Second Lien Document; (ii) any change in the time, place or manner of payment of, or in any other Second Lien of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above); (iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or (iv) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the Second Lien Obligations, or of any of the ABL Agents or any Loan Party, to the extent applicable, in respect of this Agreement.
Appears in 4 contracts
Samples: Intercreditor Agreement, Credit Agreement (Sears Holdings Corp), Credit Agreement (Sears Holdings Corp)
Second Lien Obligations Unconditional. All rights of the Second Lien Agent hereunder, all agreements and obligations of the ABL Agents and the Loan Parties (to the extent applicable) hereunder, shall, except as otherwise specifically provided herein, remain in full force and effect irrespective of:
(i) any lack of validity or enforceability of any Second Lien Document;
(ii) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above);
(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(iv) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the Second Lien Obligations, or of any of the ABL Agents or any Loan Party, to the extent applicable, in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Sears Holdings Corp), Intercreditor Agreement (Sears Holdings Corp)
Second Lien Obligations Unconditional. All rights of the each Second Lien Agent hereunder, and all agreements and obligations of the ABL Agents each First Lien Agent and the Loan Credit Parties (to the extent applicable) hereunder, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or or, subject to Sections 5.2(b) and 5.2(c) hereof, any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or or, subject to Sections 5.2(b) and 5.2(c) hereof, any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Credit Party in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Agent or any Loan Credit Party, to the extent applicable, in respect of this Agreement.
Appears in 2 contracts
Samples: Indenture (Arconic Rolled Products Corp), Indenture (Arconic Inc.)
Second Lien Obligations Unconditional. All rights and interests of the Collateral Agent (on behalf of the Second Lien Secured Parties) and Second Lien Agent hereunderunder this Agreement, and all agreements and obligations of the ABL Agents Collateral Agent (on behalf of the First Lien Secured Parties), the First Lien Agent, the Borrower and the Loan Parties other Obligors (to the extent applicable) ), hereunder, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, refunding or restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party Obligor in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Agent or any Loan PartyObligor, to the extent applicable, in respect of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Quest Resource Corp), Credit Agreement (Quest Energy Partners, L.P.)
Second Lien Obligations Unconditional. All rights of the Second Lien Agent hereunder, and all agreements and obligations of the ABL Agents First Lien Agent and the Loan Credit Parties (to the extent applicable) hereunder, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or or, subject to Sections 5.2(b) and 5.2(c) hereof, any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or or, subject to Sections 5.2(b) and 5.2(c) hereof, any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Credit Party in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Agent or any Loan Credit Party, to the extent applicable, in respect of this Agreement.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Foundation Building Materials, Inc.)
Second Lien Obligations Unconditional. All Subject to compliance with the terms of this Agreement, all rights and interests of the Second Lien Agent hereunderRepresentative under this Agreement, and all agreements and obligations of the ABL Agents First Lien Representative, the Company and the Loan Parties other Grantors (to the extent applicable) hereunderunder this Agreement, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, refunding or restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party Grantor in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Representative, or any Loan PartyGrantor, to the extent applicable, in respect of this Agreement.
Appears in 1 contract
Second Lien Obligations Unconditional. All rights and interests of the Collateral Agent (on behalf of the Second Lien Secured Parties) and Second Lien Agent hereunderunder this Agreement, and all agreements and obligations of the ABL Agents Collateral Agent (on behalf of the First Lien Secured Parties), the First Lien Agent and the Loan Parties Borrowers (to the extent applicable) ), hereunder, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, refunding or restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party the Obligor in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Agent or any Loan Partythe Obligor, to the extent applicable, in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)
Second Lien Obligations Unconditional. All rights and interests of the Collateral Agent (on behalf of the Second Lien Secured Parties) and Second Lien Agent hereunderunder this Agreement, and all agreements and obligations of the ABL Agents Collateral Agent (on behalf of the First Lien Secured Parties), the First Lien Agent, the Borrowers and the Loan Parties other Obligors (to the extent applicable) ), hereunder, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien Document;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Document (but solely to the extent permitted pursuant to Section 5.2(b) above)Document;
(iiic) any exchange, release, voiding, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, refunding or restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party Obligor in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Agent or any Loan PartyObligor, to the extent applicable, in respect of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp)
Second Lien Obligations Unconditional. All rights and interests of the Second Lien Agent hereunderRepresentative under this Agreement, and all agreements and obligations of the ABL Agents First Lien Representative and the Borrower and the other Loan Parties (to the extent applicable) hereunderunder this Agreement, shall, except as otherwise specifically provided herein, shall remain in full force and effect irrespective of:
(ia) any lack of validity or enforceability of any Second Lien DocumentCollateral Document or the Second Lien Credit Agreement;
(iib) any change in the time, place or manner of payment of, or in any other Second Lien term of, all or any portion of the Second Lien Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Second Lien Collateral Document (but solely to or the extent permitted pursuant to Section 5.2(b) above)Second Lien Credit Agreement;
(iiic) any exchange, release, voiding, impairment, avoidance or non non-perfection of any security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, refunding or restatement or increase of all or any portion of the Second Lien Obligations or any guarantee or guaranty thereof; or
(ivd) any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Loan Party in respect of the Second Lien Obligations, or of any of the ABL Agents First Lien Representative, or any Loan Party, to the extent applicable, in respect of this Agreement.
Appears in 1 contract