Common use of Security Interests Absolute Clause in Contracts

Security Interests Absolute. All rights of the Trustee hereunder, the Security Interests and all obligations of the Pledgor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Deed of Charge, any other Transaction Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Deed of Charge, any other Transaction Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any security document or guarantee securing or guaranteeing all or any of the Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)

Appears in 2 contracts

Samples: Issuer Pledge Agreement (Shaw Group Inc), Pledge Agreement (Shaw Group Inc)

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Security Interests Absolute. All rights of the Trustee Collateral Agent and the security interests granted hereunder, the Security Interests and all obligations of the Pledgor hereunder Grantor hereunder, shall be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of the Deed Credit Agreement, any Designated Swap Agreement, the Guaranty of ChargePayment, any other Transaction Credit Document, any agreement with respect to any of the Secured Obligations or any other agreement agreement, document or instrument relating to any of the foregoing, thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, Obligations or any other amendment or waiver of of, or any consent to any departure from from, the Deed of ChargeCredit Agreement, any other Transaction Document Designated Swap Agreement, the Guaranty of Payment or any other agreement or instrument, Credit Document; (c) any exchange, release or non-perfection of any Lien on portion of the Collateral or any other collateral, collateral held by the Collateral Agent or any release or amendment or waiver of of, or consent under or to any departure from from, any security document or guarantee securing or guaranteeing guaranty for all or any of the Secured Obligations, or ; and (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor Grantor in respect of the Secured Obligations or otherwise with respect to this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.

Appears in 1 contract

Samples: Security Agreement (Volt Information Sciences Inc)

Security Interests Absolute. All rights of the Trustee hereunderSecured Party and the Creditors, the Security Interests and all obligations of Grantor hereunder and the Pledgor hereunder shall security interests hereunder, shall, to the extent permitted by applicable law, be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of the Deed of ChargeLoan Agreement, any other Transaction Document, any agreement with respect to Swap Agreement or any of the Secured Obligations other Loan Documents or any other agreement or instrument security C-11 142 document relating thereto or executed in connection with or pursuant to the Existing Loan Agreement, the Loan Agreement, any of Swap Agreement, the foregoing, Existing Security Agreement or any other Loan Document; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, Obligations or any other amendment or waiver of or any consent to any departure from the Deed of ChargeLoan Agreement, any other Transaction Document Swap Agreement or any other agreement or instrument, Loan Document; (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or to departure from any security document or guarantee securing or guaranteeing guaranty, for all or any of the Secured Obligations, or ; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.

Appears in 1 contract

Samples: Loan Agreement (Petroleum Helicopters Inc)

Security Interests Absolute. All rights of the Trustee Collateral Agent and the security interests granted hereunder, the Security Interests and all obligations of the Pledgor hereunder each Grantor hereunder, shall be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of the Deed Credit Agreement, any Designated Swap Agreement, the Guaranty of ChargePayment, any other Transaction Credit Document, any agreement with respect to any of the Secured Obligations or any other agreement agreement, document or instrument relating to any of the foregoing, thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, Obligations or any other amendment or waiver of of, or any consent to any departure from from, the Deed of ChargeCredit Agreement, any other Transaction Document Designated Swap Agreement, the Guaranty of Payment or any other agreement or instrument, Credit Document; (c) any exchange, release or non-perfection of any Lien on portion of the Collateral or any other collateral, collateral held by the Collateral Agent or any release or amendment or waiver of of, or consent under or to any departure from from, any security document or guarantee securing or guaranteeing guaranty for all or any of the Secured Obligations, or ; and (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor such Grantor in respect of the Secured Obligations or otherwise with respect to this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Volt Information Sciences Inc)

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Security Interests Absolute. All rights of the Trustee Security Agent hereunder, the Security Interests and all obligations of the Pledgor Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Deed of ChargeFacility Agreement, any other Transaction Finance Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured A07164677/5.0/13 Dec 2006 Obligations, or any other amendment or waiver of or any consent to any departure from the Deed of ChargeFacility Agreement, any other Transaction Finance Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any security document Security Document or guarantee securing or guaranteeing all or any of the Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor Grantors in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations).

Appears in 1 contract

Samples: Pledge and Security Agreement (Allied Healthcare International Inc)

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