Lien Absolute. All rights of the Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non‑perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of Pledgor or any guarantor; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
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Sources: Pledge and Security Agreement (Industrial Services of America Inc)
Lien Absolute. All rights of the Lender Trustee hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan AgreementIndenture, any other Loan Note Security Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan AgreementIndenture, any other Loan Note Security Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non‑perfection non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Pledgor the Company or any guarantorGuarantor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, such Pledgor or any other Pledgor.
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Lien Absolute. All rights of the Lender hereunderAgent ▇▇▇▇▇▇▇▇▇, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non‑perfection of any other of the Pledged Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Pledgor or any guarantorObligor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor other than Full Payment of the Secured Obligations.
Appears in 1 contract
Lien Absolute. All rights of the Lender hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non‑perfection non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations;
(d) the insolvency of Pledgor or any guarantorPledgor; or
(e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, such Pledgor.
Appears in 1 contract
Sources: Debtor in Possession Credit Agreement (WTD Industries Inc)
Lien Absolute. All rights of the Lender ▇▇▇▇▇▇ hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Agreement, any other Loan Basic Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan Reimbursement Agreement, any other Loan Basic Document or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non‑perfection non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Pledgor Company or any guarantorPledgor; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
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Lien Absolute. All rights of the Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of:
(a) any lack of validity or enforceability of the Loan Credit Agreement, any other Loan Document Financing Agreement or any other agreement or instrument governing or evidencing any Secured Obligations;
(b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Loan Credit Agreement, any other Loan Document Financing Agreement or any other agreement or instrument governing or evidencing any Secured Obligations;
(c) any exchange, release or non‑perfection non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations;
(d) the insolvency of Pledgor the Borrower or any guarantorof its Subsidiaries; or
(e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.
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