Common use of Absolute Interest Clause in Contracts

Absolute Interest. (a) So long as any Obligations are unsatisfied, all rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of (i) any lack of validity or enforceability of any provision of the Credit Agreement, any agreement with respect to the Obligations or any other agreement or instrument relating to any of the foregoing, (ii) 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 or waiver of or any consent to any departure from the Credit Agreement or any other agreement or instrument, (iii) any exchange, release or non-perfection of any Pledged Collateral, or any release or amendment or waiver of or any consent to or departure from any guarantee, for all or any of the Obligations or (iv) any other circumstance which might constitute (b) This Pledge Agreement shall not be construed as relieving Pledgor from full liability on the Obligations and any and all future and other indebtedness secured hereby and for any deficiency thereon. (c) Agent is hereby subrogated to all of Pledgor's interests, rights and remedies in respect to the Pledged Collateral and all security now or hereafter existing with respect thereto and all guaranties and endorsements thereof and with respect thereto.

Absolute Interest. (a) So long as any Obligations are unsatisfied, all All rights of the Collateral Agent hereunder, and all obligations of Pledgor the Company hereunder, shall be absolute and unconditional irrespective of (i) any lack of validity or enforceability of any provision of the Credit AgreementLoan Agreement or any other Loan Document, any agreement with respect to the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (ii) any change in the time, manner or place of payment of, 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 Credit Agreement Loan Agreement, any other Loan Document or any other agreement or instrument, instrument or (iii) any exchange, release or non-perfection nonperfection of any Pledged Collateral, or any release or amendment or waiver of or any consent to or departure from any guarantee, for all or any of the Secured Obligations or (iv) any other circumstance which might constitutethis Agreement. (b) This Pledge Agreement shall not be construed as relieving Pledgor the Company from full liability on the Secured Obligations and or any and all future and other indebtedness secured hereby and or for any deficiency thereon. (c) Following an Event of Default, the Collateral Agent is hereby shall be subrogated to all of Pledgorthe Company's interests, rights and remedies in respect to the Pledged Collateral and all security now or hereafter existing with respect thereto and all guaranties and endorsements thereof and with respect thereto.