Common use of Unconditional Obligation Clause in Contracts

Unconditional Obligation. For certainty, it is hereby acknowledged and agreed that the Lenders shall be obligated to disburse to the Agent for payment to the Swingline Lender their respective Rateable Portions of any Syndicated Borrowings contemplated by Section 2.8(h) regardless of: (i) whether a Default or Event of Default has occurred or is then continuing or whether any other condition in Article 6 is met; (ii) whether or not the Borrower has, in fact, actually requested such Conversion (by delivery of a Notice of Conversion or otherwise); and (iii) whether or not the obligations of the Lenders to make Advances has terminated.

Appears in 4 contracts

Samples: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

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Unconditional Obligation. For certainty, it is hereby acknowledged and agreed that the Revolving Lenders shall be obligated to disburse to the Agent for payment to the Swingline Lender their respective Rateable Portions of any Syndicated Borrowings contemplated by Section 2.8(h) regardless of:of- (i) whether a Default or Event of Default has occurred or is then continuing or whether any other condition in Article 6 is met; (ii) whether or not the Borrower has, in fact, actually requested such Conversion (by delivery of a Notice of Conversion or otherwise); and (iii) whether or not the obligations of the Revolving Lenders to make Advances has terminated.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

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Unconditional Obligation. For certainty, it is hereby acknowledged and agreed that the Lenders shall be obligated to disburse to the Agent for payment to the Swingline Swing Line Lender their respective Rateable Portions of any Syndicated Borrowings Advances contemplated by Section 2.8(h3.9(h) regardless of: (i) whether a Default or Event of Default has occurred or is then continuing or whether any other condition in Article 6 Section 7.1 is met; (ii) whether or not the Borrower has, in fact, actually requested such Conversion conversion (by delivery of a Notice of Conversion or otherwise); and (iii) whether or not the obligations of the Lenders to make Advances has terminated.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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