Common use of Security Interests Absolute Clause in Contracts

Security Interests Absolute. All rights of the Administrative Agent hereunder, the Security Interest and all obligations of the Grantors hereunder shall, to the fullest extent permitted by applicable law, be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any Loan Document, any agreement with respect to any of the 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 Obligations, or any other amendment to or waiver of or any consent to any departure from any Loan 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 guarantee, securing or guaranteeing all or any of the Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Obligations or this Agreement (other than that the Obligations Payment Date shall have occurred).

Security Interests Absolute. All rights of the Administrative Security Agent hereunder, the Security Interest Interests and all obligations of the Grantors hereunder shall, to the fullest extent permitted by applicable law, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any Credit Agreement, any other Loan 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 to or waiver of or any consent to any departure from any Credit Agreement, any other Loan Document, Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other Collateralcollateral, or any release or amendment or waiver of or consent under or departure from any guarantee, 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, any Grantor the Grantors in respect of the Secured Obligations or this Agreement (other than that the Obligations Payment Date shall have occurredindefeasible payment in full in cash of the Secured Obligations).