Common use of SURVIVAL OF OBLIGATIONS UPON TERMINATION OF FINANCING ARRANGEMENT Clause in Contracts

SURVIVAL OF OBLIGATIONS UPON TERMINATION OF FINANCING ARRANGEMENT. Except as otherwise expressly provided for in this Agreement or the other Loan Documents, no termination or cancellation (regardless of cause or procedure) of any financing arrangement under this Agreement shall in any way affect or impair the obligations, duties and liabilities of Borrower or the rights of Agent and Lenders relating to any unpaid Obligation, due or not due, liquidated, contingent or unliquidated, or any transaction or event occurring prior to such termination, or any transaction or event the performance of which is not required until after the Commitment Termination Date. Except as otherwise expressly provided herein or in any other Loan Document, all undertakings, agreements, covenants, warranties and representations of or binding upon Borrower or any Subsidiary of Borrower, and all rights of Agent and Lenders, all as contained in this Agreement or any of the other Loan Documents shall not terminate or expire, but rather shall survive such termination or cancellation and shall continue in full force and effect until such time as all of the Obligations have been indefeasibly paid in full or performed in accordance with the terms of the agreements creating such Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Zenith Electronics Corp), Term Loan Agreement (Zenith Electronics Corp)

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SURVIVAL OF OBLIGATIONS UPON TERMINATION OF FINANCING ARRANGEMENT. Except as otherwise expressly provided for in this Agreement or the other Loan Documents, no termination or cancellation (regardless of or cause or procedure) of any financing arrangement arrangements under this Agreement shall in any way affect or impair the obligations, duties and liabilities of Borrower or any other Credit Party or the rights of Agent and Lenders Lender relating to any unpaid ObligationObligations, due or not due, liquidated, contingent or unliquidated, unliquidated or any transaction or event occurring prior to such termination, or any transaction or event event, the performance of which is not required until after the Commitment Termination Date. Except as otherwise expressly provided herein or in any other Loan Document, all undertakings, agreements, covenants, warranties and representations of or binding upon the Borrower or any Subsidiary of Borrowerand the other Credit Parties, and all rights and Liens of Agent and LendersLender, all as contained in this Agreement or any of the other Loan Documents shall not terminate or expire, but rather shall survive such termination or cancellation and shall continue in full force and effect until such time as all of the Obligations have been indefeasibly paid in full or performed in accordance with the terms of the agreements creating such Obligations.

Appears in 1 contract

Samples: Credit Agreement (Specs Music Inc)

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SURVIVAL OF OBLIGATIONS UPON TERMINATION OF FINANCING ARRANGEMENT. Except as otherwise expressly provided for in this Agreement or the other Loan Transaction Documents, no termination or cancellation (regardless of cause or procedure) of any financing arrangement under this Agreement shall in any way affect or impair the obligationsObligations, duties duties, indemnities, and liabilities of Borrower or any Subsidiary of Borrower, or the rights of Agent and Lenders relating to any unpaid Obligation, due or not due, liquidated, contingent or unliquidated, unliquidated or any transaction or event occurring prior to such termination, or any transaction or event event, the performance of which is not required until after the Commitment Termination Date. Except as otherwise expressly provided herein or in any other Loan Transaction Document, all undertakings, agreements, covenants, warranties and representations of or binding upon Borrower or any Subsidiary of Borrower, and all rights of Agent and Lenders, all as contained in this Agreement or any of the other Loan Transaction Documents shall not terminate or expire, but rather shall survive such termination or cancellation and shall continue in full force and effect until such time as all of the Obligations have been indefeasibly paid in full or performed in accordance with the terms of the agreements creating such Obligations.

Appears in 1 contract

Samples: Loan Agreement (Bti Telecom Corp)

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