Common use of Absolute Liability of Borrower Clause in Contracts

Absolute Liability of Borrower. The liability of Borrower shall be absolute and unconditional and without regard to the liability of any other Person.

Appears in 2 contracts

Samples: Term Loan Agreement (Universal Insurance Holdings, Inc.), Credit Agreement (HarbourVest - Origami Structured Solutions L.P.)

AutoNDA by SimpleDocs

Absolute Liability of Borrower. The liability of Borrower shall be absolute and unconditional and without regard to the liability of any other Person. Furthermore, Borrower covenants and agrees that their agreement to be liable hereunder is made notwithstanding the fact that Borrower may not receive any of the proceeds of any Loans hereunder.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Viggle Inc.), Term Loan Agreement (Viggle Inc.)

Absolute Liability of Borrower. The liability of Borrower shall be absolute and unconditional and without regard to the liability of any other Person. Furthermore, Borrower covenants and agrees that its agreement to be liable hereunder is made notwithstanding the fact that Borrower may not receive any of the proceeds of the Loan hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (MacAndrews & Forbes Holdings Inc.)

Absolute Liability of Borrower. The liability of Borrower shall be absolute and unconditional and without regard to the liability of any other Person. Furthermore, Borrower covenants and agrees that its agreement to be liable hereunder is made notwithstanding the fact that Borrower shall not receive any of the proceeds of the Letter of Credit.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (SFX Entertainment, INC)

AutoNDA by SimpleDocs

Absolute Liability of Borrower. The liability of Borrower shall be absolute and unconditional and without regard to the liability of any other Person. Furthermore, Borrower covenants and agrees that its agreement to be liable hereunder is made notwithstanding the fact that Borrower may not receive any of the proceeds of any Loans hereunder.

Appears in 1 contract

Samples: Revolving Loan Agreement (Universal Insurance Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.