Common use of Interest Absolute Clause in Contracts

Interest Absolute. All rights of the Collateral Agent and the Secured Parties and the security interests created hereunder, and all obligations of the Company hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Note Purchase Agreement or any other agreement or instrument evidencing or governing the Secured Indebtedness; (b) any change in the time, manner or place or payment of, or in any other term of, all or any of the Secured Indebtedness, or any other amendment or waiver of or any consent to any departure from the Note 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 Secured Indebtedness; or (d) any other circumstances that might otherwise constitute a defense available to, or a discharge of, the Company in respect of the Secured Indebtedness or of this Agreement.