Borrower’s Obligations Absolute. The Borrower’s obligations under this Agreement and under the other Program Documents shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Highland Credit Strategies Fund), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund), Credit and Security Agreement (Highland Distressed Opportunities, Inc.)
Borrower’s Obligations Absolute. The Borrower’s obligations under this Agreement and under the other Program Documents to which it is a party shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 2 contracts
Samples: Credit and Security Agreement (Invesco Dynamic Credit Opportunities Fund), Revolving Credit and Security Agreement (Invesco Prime Income Trust)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser Advisor or any other Person may have or have had against the Agent, the Lender, any Secured Party Secondary Lender or any other Person.
Appears in 2 contracts
Samples: Credit and Security Agreement (Liberty Floating Rate Advantage Fund), Revolving Credit and Security Agreement (Highland Floating Rate Advantage Fund)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents to which it is a party shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 2 contracts
Samples: Credit and Security Agreement (Van Kampen Senior Income Trust), Credit and Security Agreement (Van Kampen Senior Loan Fund)
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person Borrower may have or have had against the Agent, the Lender, any Secured Party Secondary Lender or any other Person.
Appears in 2 contracts
Samples: Credit and Security Agreement (Belmar Capital Fund LLC), Credit and Security Agreement (Belport Capital Fund LLC)
Borrower’s Obligations Absolute. The Borrower’s obligations under this Agreement and under the other Program Documents to which it is a party shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser Borrower or any other Person may have or have had against any Secured Party or any other Person.
Appears in 1 contract
Samples: Credit and Security Agreement (BlackRock Defined Opportunity Credit Trust)
Borrower’s Obligations Absolute. The Subject to the provisions of Section 9.12, the Borrower’s obligations under this Agreement and under the other Program Documents shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser Borrower or any other Person may have or have had against the Agent, any Secured Party Lender, any Secondary Lender or any other Person.
Appears in 1 contract
Borrower’s Obligations Absolute. The Borrower’s 's obligations under this Agreement and under the other Program Documents shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms hereof and thereof, under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower, the Adviser or any other Person may have or have had against any Secured Party or any other Person.
Appears in 1 contract
Samples: Credit and Security Agreement (First Trust Senior Floating Rate Income Fund Ii)
