Common use of Obligation Absolute Clause in Contracts

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 34 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Measurement Specialties Inc)

AutoNDA by SimpleDocs

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 31 contracts

Samples: Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Handleman Co /Mi/)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 21 contracts

Samples: Credit Agreement (Core-Mark Holding Company, Inc.), Credit Agreement (Huttig Building Products Inc), Credit Agreement (Standard Motor Products Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 14 contracts

Samples: Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp), Credit Agreement (Synnex Corp)

Obligation Absolute. The obligation joint and several obligations of Borrower Borrowers to reimburse Agent Agent, L/C Issuers and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest protest, or other formalities, and the obligations of each Revolving Lender to make payments to Agent and L/C Issuers with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 6 contracts

Samples: Revolving Loan Credit Agreement (XPO Logistics, Inc.), Assignment Agreement (XPO Logistics, Inc.), Assignment Agreement (XPO Logistics, Inc.)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 6 contracts

Samples: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Zomax Optical Media Inc), Credit Agreement (Baldwin Piano & Organ Co /De/)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent or the Issuing Bank, as applicable, with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 5 contracts

Samples: Credit Agreement (Independence Contract Drilling, Inc.), Guarantee and Collateral Agreement (Independence Contract Drilling, Inc.), Credit Agreement (Independence Contract Drilling, Inc.)

Obligation Absolute. The obligation of the Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit pay each Reimbursement Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations obligation of each Revolving Lender to make payments to the Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving the Lenders shall be paid strictly in accordance with the terms hereof under any and all circumstances including whatsoever, irrespective of the following:

Appears in 4 contracts

Samples: Receivables Funding and Administration Agreement (Rexnord Corp), Funding Agreement (RBS Global Inc), Receivables Funding and Administration Agreement (Rexnord LLC)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 4 contracts

Samples: Credit Agreement (American Physician Partners Inc), Credit Agreement (Rawlings Sporting Goods Co Inc), Credit Agreement (Per Se Technologies Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 4 contracts

Samples: Credit Agreement (Hockey Co), Credit Agreement (Home Products International Inc), Credit Agreement (Verdant Brands Inc)

Obligation Absolute. The obligation joint and several obligations of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest protest, or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 4 contracts

Samples: Credit Agreement (XPO Logistics, Inc.), Credit Agreement (XPO Logistics, Inc.), Credit Agreement (XPO Logistics, Inc.)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation or Eligible Trade L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit and Eligible Trade L/Cs shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 4 contracts

Samples: Credit Agreement (Wilsons the Leather Experts Inc), Credit Agreement (Wilsons the Leather Experts Inc), Assignment Agreement (Wilsons the Leather Experts Inc)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Agent and any applicable Revolving Lenders for payments made with respect to any Letter of Credit L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations obligation of each applicable Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 3 contracts

Samples: Security Agreement (Curative Health Services Inc), Credit Agreement (Curative Health Services Inc), Credit Agreement (Curative Health Services Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalitiesformalities on the terms and conditions in the Agreement, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 3 contracts

Samples: Credit Agreement (Milacron Inc), Credit Agreement (Milacron Inc), Credit Agreement (Milacron Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 3 contracts

Samples: Credit Agreement (Solo Cup CO), Credit Agreement (Key Tronic Corp), Credit Agreement (Sweetheart Holdings Inc \De\)

Obligation Absolute. The obligation of Borrower to reimburse Administrative Agent and Revolving Lenders the L/C Issuer for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender the Borrower to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 3 contracts

Samples: Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Transportation Partners Lp)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent or the L/C Issuer if it is a Lender with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 3 contracts

Samples: Credit Agreement (Dicks Sporting Goods Inc), Credit Agreement (Dicks Sporting Goods Inc), Credit Agreement (Galyans Trading Co Inc)

Obligation Absolute. The obligation of Borrower to reimburse ------------------- Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 3 contracts

Samples: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Measurement Specialties Inc), Credit Agreement (Icon Health & Fitness Inc)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent or the Issuing Bank, as applicable, with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Joe's Jeans Inc.), Revolving Credit Agreement (Joe's Jeans Inc.), Credit Agreement (Babyuniverse, Inc.)

Obligation Absolute. (a) The obligation of Borrower Borrowers to reimburse Agent and Revolving the Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving the Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 2 contracts

Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Tranche A Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Tranche A Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Tranche A Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 2 contracts

Samples: Credit Agreement (Filenes Basement Corp), In Possession Credit Agreement (Filenes Basement Corp)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Agent and Revolving the Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving the Lenders to Agent shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 2 contracts

Samples: And Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

Obligation Absolute. The obligation joint and several obligations of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (Visteon Corp), Revolving Loan Credit Agreement (Visteon Corp)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse the Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to the Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Credit Agreement (Sothebys), Credit Agreement (Sothebys)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 2 contracts

Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

Obligation Absolute. The obligation of each Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation issued on its behalf shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Credit Agreement (Inverness Medical Innovations Inc), Credit Agreement (Inverness Medical Innovations Inc)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse the Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to the Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Credit Agreement (Centerplate, Inc.), Credit Agreement (Centerplate, Inc.)

Obligation Absolute. The obligation of the Borrower to reimburse Administrative Agent and any applicable Revolving Lenders for payments made with respect to any Letter of Credit L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations obligation of each applicable Revolving Lender to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 2 contracts

Samples: Credit Agreement (Uti Worldwide Inc), Credit Agreement (Western Digital Corp)

Obligation Absolute. The obligation of Borrower to reimburse Agent Administrative Agent, L/C Issuer and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent and the L/C Issuer with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Revolving Loan Agreement (Wheeling Pittsburgh Corp /De/), Credit Agreement (Wheeling Pittsburgh Corp /De/)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocableirrevocable (but shall be subject to the terms and conditions hereof). Such obligations of Borrower and Revolving Lenders shall be subject to the terms and conditions hereof, and shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 2 contracts

Samples: Credit and Security Agreement (MVC Capital, Inc.), Credit and Security Agreement (MVC Capital, Inc.)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Revolving Credit Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Revolving Credit Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Precision Partners Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Great American Group, Inc.)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse ------------------- Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

Obligation Absolute. The joint and several obligation of Borrower US Borrowers to reimburse Agent and Revolving A Loan Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving A Loan Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower US Borrowers and Revolving A Loan Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Blount International Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Loan Agreement (Winston Hotels Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Tranche A Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Tranche A Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Tranche A Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

Obligation Absolute. The joint and several obligation of Borrower Borrowers to reimburse Agent and Lenders with Revolving Lenders Loan Commitments for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Lenders with Revolving Lenders Loan Commitments shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Blount International Inc)

Obligation Absolute. The obligation of Borrower Debtor hereunder to reimburse Agent and Revolving Lenders Creditor for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders Debtor shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Labor Ready Inc)

Obligation Absolute. The obligation of the Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement

Obligation Absolute. The obligation of each Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Seven Limited Partnership)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Coffeyville Resources, Inc.)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 1 contract

Samples: Credit Agreement (Track N Trail Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent or the L/C Issuer if it is a Revolving Lender with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Renaissance Cosmetics Inc /De/

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders ------------------- Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Peets Coffee & Tea Inc)

AutoNDA by SimpleDocs

Obligation Absolute. The obligation of Borrower to reimburse Agent and Agent, Revolving Lenders and Term Lenders, as applicable, for payments made with respect to any Letter of Credit Obligation or Litigation L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving such Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Code Alarm Inc)

Obligation Absolute. The obligation of the Borrower to reimburse the Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Coram Healthcare Corp)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Agent, Revolving Lenders and Term Lenders, as applicable, for payments made with respect to any Letter of Credit Obligation or Litigation L/C Obligation shall be absolute, unconditional and 112 irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving such Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Code Alarm Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, irrevocable and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Weider Nutrition International Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation or Eligible Trade L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit and Eligible Trade L/Cs shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:and

Appears in 1 contract

Samples: Credit Agreement (Wilsons the Leather Experts Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders Borrowers shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 1 contract

Samples: Possession Credit Agreement (WTD Industries Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:: CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Obligation Absolute. (a) The obligation of Borrower Borrowers to reimburse the Agent and Revolving the Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to the Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving the Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Trism Inc /De/)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 1 contract

Samples: Credit Agreement (Styling Technology Corp)

Obligation Absolute. The obligation of Borrower to reimburse ------------------- Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Obligation Absolute. The obligation of Borrower to reimburse ------------------- Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation or Eligible Trade L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit and Eligible Trade L/Cs shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Wilsons the Leather Experts Inc)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent or the Issuing Bank, as applicable, with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower the Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Jaco Electronics Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent Agent, Lenders and Revolving Lenders L/C Issuers for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent or the L/C Issuer with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Dicks Sporting Goods Inc)

Obligation Absolute. The obligation of Borrower to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Tranche A Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Tranche A Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Tranche A Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Finlay Fine Jewelry Corp)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse the Agent and Revolving the Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders Borrowers shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Atc Healthcare Inc /De/)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to any Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Penn Traffic Co)

Obligation Absolute. The obligation of Borrower the Borrowers to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:to

Appears in 1 contract

Samples: Credit Agreement (Independence Contract Drilling, Inc.)

Obligation Absolute. The obligation of Borrower to reimburse Revolving Credit Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Revolving Credit Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and ------------------- Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation Lender shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving Lenders Lender ------------------- for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the followingfollowing circumstances:

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse ------------------- Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the following:

Appears in 1 contract

Samples: Credit Agreement (Boston Chicken Inc)

Obligation Absolute. The obligation of the Borrower to reimburse Agent and any applicable Revolving Lenders for payments made with respect to any Letter of Credit L/C Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations obligation of each applicable Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Castle Dental Centers Inc)

Obligation Absolute. The joint and several obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Rowe Companies)

Obligation Absolute. The obligation of Borrower to reimburse Agent and Revolving L/C Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving L/C Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving L/C Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Comverge, Inc.)

Obligation Absolute. The obligation of Borrower Borrowers to reimburse Agent and Revolving Lenders ------------------- Lender for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower and Revolving Lenders Borrowers shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Intercept Group Inc)

Obligation Absolute. The joint and several obligation of Borrower Borrowers to reimburse Administrative Agent and Revolving Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Administrative Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of Borrower Borrowers and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including the following:

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Obligation Absolute. The obligation of the Borrower to reimburse Agent and Revolving the Lenders for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender to make payments to Agent with respect to Letters of Credit shall be unconditional and irrevocable. Such obligations of the Borrower and Revolving the Lenders to Agent shall be paid strictly in accordance with the terms hereof under all circumstances circumstances, including the followingfollowing circumstances:

Appears in 1 contract

Samples: Loan and Security Agreement (Loehmanns Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.