Assignment Absolute. All rights of Lender hereunder and all obligations of Assignor hereunder, shall be absolute and unconditional irrespective of (i) any lack of validity or enforceability of this Agreement or any other Loan Document, any other agreement with respect to any of 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 consent to any departure from the Loan Agreement, any other Loan Document or any other agreement or instrument, (iii) any exchange, release, lapse in perfection, or non-perfection of any other collateral, or any release or amendment or waiver of, or consent to or departure from any guarantee, for all or any of the Obligations, or (iv) any other circumstance which might otherwise constitute a defense available to, or discharge of Assignor, and/or any other obligor in respect of the Obligations, or in respect of this Agreement.
Appears in 2 contracts
Sources: Collateral Assignment (U.S. Auto Parts Network, Inc.), Collateral Assignment (U.S. Auto Parts Network, Inc.)