Common use of Interest Absolute Clause in Contracts

Interest Absolute. All rights of the Price Note Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Purchase Agreement or any other agreement or instrument relating thereto; (b) 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 Purchase Agreement; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or of this Agreement.

Appears in 2 contracts

Sources: Note Purchase Agreement (Excel Legacy Corp), Note Purchase Agreement (Excel Legacy Corp)

Interest Absolute. All rights of the Price Note Senior Notes Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Purchase Agreement Indenture or any other agreement or instrument relating thereto; (b) 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 Purchase AgreementIndenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations or of this Agreement.

Appears in 2 contracts

Sources: Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp)

Interest Absolute. All rights of the Price Note Collateral Agent Trustee and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Purchase Agreement Indenture, or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of Pledgor's obligations pursuant to the ObligationsIndenture, or any other amendment or waiver of or any consent to any departure from the Purchase AgreementIndenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of Pledgor's obligations pursuant to the ObligationsIndenture; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations Indenture obligations or of this Pledge Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Austin Funding Com Corp)

Interest Absolute. All rights of the Price Note Collateral Agent and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Purchase Agreement Indenture or any other agreement or instrument relating thereto; (b) 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 Purchase AgreementIndenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the any Pledgor in respect of the Obligations or of this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Shop Vac Corp)

Interest Absolute. All rights of the Price Note Collateral Agent Trustee and the Holders and the security interests created hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Purchase Agreement Indenture, or any other agreement or instrument relating thereto; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of Pledgor's obligations pursuant to the ObligationsIndenture, or any other amendment or waiver of or any consent to any departure from the Purchase AgreementIndenture; (c) any exchange, surrender, release or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of Pledor's obligations pursuant to the ObligationsIndenture; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the Obligations Indenture obligations or of this Pledge Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Austin Funding Com Corp)