Irrevocable Obligation Sample Clauses

Irrevocable Obligation. Notwithstanding any other provision of the Plan, (i) TRW’s obligation to pay Policy Premiums for a Participant who meets the requirements for a Vested Executive shall be irrevocable while such person is employed by TRW and shall remain irrevocable thereafter, unless such Participant fails to meet the definition of Vested Executive as a result of his being Terminated for Cause or unless the provisions of Section 7.01 (d) apply; and (ii) TRW’s obligation to pay Policy Premiums for a Participant who obtains an irrevocable right pursuant to the provisions of Section 9 hereof relating to Change in Control shall thereafter be irrevocable.
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Irrevocable Obligation. The obligations of the Partners under this Agreement are for the benefit of the Lenders under the Credit Agreement as well as the Partnership, are irrevocable and unconditional, shall be paid without set-off or counterclaim and shall not be reduced, terminated or otherwise affected as a result of any event with respect to the Partnership of a type referred to in Section 8(f) of the Credit Agreement or for any other reason. Each Partner waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Partnership or any Partner with respect to the obligations of the Partners under this Agreement. This Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Partners and their successors and assigns thereof until each Partner shall have paid in full its pro rata portion of the Partnership Obligations.
Irrevocable Obligation. Each Lender's obligation to make its Ratable Share of Revolving Credit Loans to repay the principal amount of the Swing Loans outstanding or to purchase its Ratable Share of the principal amount of the Swing Loans shall be irrevocable and shall not be subject to any qualification or exception whatsoever and shall be made under all circumstances, including without limitation any of the following circumstances: (i) any lack of validity or enforceability of this Agreement or any of the Loan Documents; (ii) the existence of any claim, setoff, defense or other right which the Borrowers may have at any time against any Agent, any Swing Lender, any Lender or any other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transactions between the Company or any of its Subsidiaries and the beneficiary named in any Letter of Credit); or (iii) the occurrence of any Event of Default, Potential Default, or termination of the Commitments or this Agreement.
Irrevocable Obligation. Notwithstanding any other provision of the Plan, (i) Mattel’s obligation to pay Policy Premiums for a Participant who meets the requirements for a Vested Executive shall be irrevocable while such person is employed by Mattel and shall remain irrevocable thereafter; and (ii) Mattel’s obligation to pay Policy Premiums for a Participant who obtains an irrevocable right pursuant to the provisions of Section 9 hereof relating to Change in Control thereafter shall be irrevocable.
Irrevocable Obligation. (a) The obligation of the undersigned to purchase the Notes contemplated hereby and the obligation of the Company to issue and sell the Notes contemplated hereby is irrevocable.
Irrevocable Obligation. The obligation of the undersigned to purchase the Units contemplated hereby and the obligation of the Company to issue and sell the Units contemplated hereby is irrevocable.
Irrevocable Obligation. The obligation of the undersigned to purchase the securities contemplated hereby and the obligation of the Company to issue and sell the securities contemplated hereby is irrevocable.
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Irrevocable Obligation. The obligation of the Borrower to make payment to the Lender with respect to Letters of Credit shall be unconditional and irrevocable and shall not be subject to any qualification or exception whatsoever and shall be made under all circumstances, including without limitation any of the following circumstances:
Irrevocable Obligation. Notwithstanding any other provision of the Agreement:
Irrevocable Obligation. Notwithstanding any other provision of the Plan, (i) Lear's obligations to maintain the Coverage Amount specixxxx xn a Participant's Agreement and to pay Policy Premiums for a Vested Executive shall be irrevocable while such person is employed by Lear and shall remain irrevocable thereafter, unless such Participant is Terminated for Cause or unless the provisions of Section 7.01 (d), (e) or (f) apply; and (ii) Lear's obligations to maintain the Coverage Amount specixxxx xn a Participant's Agreement and to pay Policy Premiums for a Participant who obtains an irrevocable right pursuant to the provisions of Section 9 hereof (relating to Change in Control), shall thereafter be irrevocable.
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