No Discharge. The obligations of the Seller under this Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by (a) any exercise or nonexercise of any right, remedy, power or privilege under or in respect of this Agreement or applicable Law, including, without limitation, any failure to set-off or release in whole or in part by the Buyer of any balance of any deposit account or credit on its books in favor of the Buyer or any waiver, consent, extension, indulgence or other action or inaction in respect of any thereof, or (b) any other act or thing or omission or delay to do any other act or thing which would operate as a discharge of the Buyer as a matter of law.
Appears in 5 contracts
Samples: Historical Advance Purchase Agreement (Aames Financial Corp/De), Historical Advance Purchase Agreement (Aames Financial Corp/De), Historical Advance Purchase Agreement (Aames Financial Corp/De)
No Discharge. The obligations of the Seller under this Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by (a) any exercise or nonexercise of any right, remedy, power or privilege under or in respect of this Agreement or applicable Law, including, without limitation, any failure to set-off or release in whole or in part by the Buyer of any balance of any deposit account or credit on its books in favor of the Buyer Seller or any waiver, consent, extension, indulgence or other action or inaction in respect of any thereof, or (b) any other act or thing or omission or delay to do any other act or thing which would operate as a discharge of the Buyer Seller as a matter of law.
Appears in 3 contracts
Samples: Purchase Agreement (Amerisourcebergen Corp), Purchase and Contribution Agreement (Edison Schools Inc), Purchase and Contribution Agreement (Edison Schools Inc)
No Discharge. The obligations of the Seller under this Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by (a) any exercise or nonexercise non-exercise of any right, remedy, power or privilege under or in respect of this Agreement or applicable Lawlaw, including, without limitation, any failure to set-off or release in whole or in part by the Buyer Purchaser of any balance of any deposit account or credit on its books in favor of the Buyer Seller, or any waiver, consent, extension, indulgence or other action or inaction in respect of any thereof, or (b) any other act or thing or omission or delay to do any other act or thing which would that could operate as a discharge of the Buyer Seller as a matter of law.
Appears in 2 contracts
Samples: Mortgage Loan Purchase Agreement (Ministry Partners Investment Corp), Mortgage Loan Purchase Agreement (Ministry Partners Investment Corp)
No Discharge. The obligations of the Seller Originator under this Agreement shall be absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by (a) any exercise or nonexercise of any right, remedy, power or privilege under or in respect of this Agreement or applicable Lawlaw, including, without limitation, any failure to set-off or release in whole or in part by the Buyer of any balance of any deposit account or credit on its books in favor of the Buyer or any waiver, consent, extension, indulgence or other action or inaction in respect of any thereof, or (b) any other act or thing or omission or delay to do any other act or thing which would operate as a discharge of the Buyer as a matter of law.
Appears in 1 contract
Samples: Purchase Agreement (Cone Mills Corp)
