Common use of Obligations Irrevocable Clause in Contracts

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation therein pursuant to the provisions of SECTION 3.8(b) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.4), including, without limitation, any of the following circumstances:

Appears in 2 contracts

Samples: Loan and Security Agreement (Burke Industries Inc /Ca/), Loan and Security Agreement (Burke Industries Inc /Ca/)

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Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(b4.8(b) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank BankBoston or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.43.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Racing Inc)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(b) hereof or otherwise this Agreement and the obligations of the Borrower to make payments to NationsBank L/C Issuer or to the Agent, for the account of the Lenders, pursuant to SECTION 3.6 or otherwise, in each case shall be irrevocable, shall irrevocable and not be subject to any qualification or exception whatsoever whatsoever, and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.43.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Compusa Inc)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(bSection 3.7(c) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank BankBoston or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.4Section 3.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetic Industries Inc)

Obligations Irrevocable. The obligations of each Lender to make payments to the Administrative Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(bSection 4.8(c) hereof or otherwise and the obligations of the Borrower Borrowers to make payments to NationsBank or to the Administrative Agent, for the account of the Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.4Section 3.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Syratech Corp)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit or any IRB L/C and participation their participations therein pursuant to the provisions of SECTION 3.8(b5.7(C) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.43.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Meadowcraft Inc)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(b5.11(C) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank BankBoston or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.43.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Texfi Industries Inc)

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Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation therein pursuant or with respect to any credit support or enhancement provided through the provisions Agent with respect to a Letter of SECTION 3.8(b) hereof or otherwise Credit, and the obligations of the Borrower Borrowers to make payments to NationsBank or to the Agent, for the account of the Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Agent has caused such Letter of Credit has been to be issued in accordance with SECTION 2A.4Section 2.4(d)), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(bSection 5.10(b) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank L/C Issuer or to the Agent, for the account of the Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.4Section 3.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Gni Group Inc /De/)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation their participations therein pursuant to the provisions of SECTION 3.8(b4.7(C) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank BankBoston or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.43.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Texfi Industries Inc)

Obligations Irrevocable. The obligations of each Lender to make payments to the Agent with respect to any Letter of Credit and participation therein pursuant to the provisions of SECTION 3.8(b3.8(B) hereof or otherwise and the obligations of the Borrower to make payments to NationsBank or to the Agent, for the account of Lenders, shall be irrevocable, shall not be subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement (assuming, in the case of the obligations of the Lenders to make such payments, that the Letter of Credit has been issued in accordance with SECTION 2A.4), including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Nabi /De/)

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