Common use of Security Interest and Pledge Absolute Clause in Contracts

Security Interest and Pledge Absolute. All rights, including the security interest of Bank granted hereunder, and all obligations of Debtor hereunder, shall be absolute and unconditional irrespective of: i. any lack of validity or enforceability of the Obligations or any other agreement or instrument relating thereto; ii. any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Obligations or any agreement or instrument relating thereto; or iii. any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations.

Security Interest and Pledge Absolute. All rights, including the security interest of Bank Secured Party granted hereunder, and all obligations of Debtor hereunder, shall be absolute and unconditional irrespective of: i. any lack of validity or enforceability of the Obligations or any other agreement or instrument relating thereto;: ii. any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Obligations or any agreement or instrument relating thereto; or iii. any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations.

Security Interest and Pledge Absolute. All rights, including the security interest of Bank Lender granted hereunder, and all obligations of Debtor hereunder, shall be absolute and unconditional irrespective of: i. (i) any lack of validity or enforceability of the Obligations or any other agreement or instrument relating thereto; (ii. ) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Obligations or any agreement or instrument relating thereto; or (iii. ) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations.

Security Interest and Pledge Absolute. All rights, including rights of the LENDER and security interest of Bank granted interests and pledge hereunder, and all obligations of Debtor the PLEDGOR hereunder, shall be absolute and unconditional irrespective of: i. (1) any lack of validity or enforceability of the Obligations or any other agreement or instrument relating thereto;: ii. (2) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Obligations or any agreement or instrument relating thereto; or iii. (3) any exchange, exchange release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations.

Security Interest and Pledge Absolute. All rights, ------------------------------------- including the security interest of Bank granted hereunder, and all obligations of Debtor hereunder, shall be absolute and unconditional irrespective of: i. (i) any lack of validity or enforceability of the Obligations or any other agreement or instrument relating thereto;: (ii. ) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Obligations or any agreement or instrument relating thereto; or (iii. ) any exchange, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Obligations.