Common use of Obligations Are Unconditional Clause in Contracts

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER might otherwise have against any of the SECURED PARTIES. The BORROWER shall pay the payments of the principal and interest to be made upon the OBLIGATIONS, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until the OBLIGATIONS have been fully paid and performed, the BORROWER shall not: (a) suspend or discontinue any payments required by the CREDIT DOCUMENTS; and (b) fail to perform and observe all of the BORROWER’S covenants and agreements set forth in the CREDIT DOCUMENTS.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which the BORROWER might otherwise have against any of the SECURED PARTIESLENDER. The BORROWER shall pay the payments of the principal and interest to be made upon the OBLIGATIONS, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, the BORROWER shall not: (a) suspend or discontinue any payments required by the CREDIT LOAN DOCUMENTS; and (b) fail to perform and observe all of the BORROWER’S 'S covenants and agreements set forth in the CREDIT LOAN DOCUMENTS.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional joint and several duty and obligation of each of the BORROWERBORROWERS, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which any of the BORROWER BORROWERS might otherwise have against any of the SECURED PARTIESLENDER. The BORROWER BORROWERS shall pay the payments of the principal and interest to be made upon the OBLIGATIONS, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, none of the BORROWER shall notBORROWERS shall: (a) suspend or discontinue any payments required by the CREDIT LOAN DOCUMENTS; and (b) fail to perform and observe all of the each BORROWER’S covenants and agreements set forth in the CREDIT LOAN DOCUMENTS.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional joint and several duty and obligation of each of the BORROWERBORROWERS, and shall be independent of any defense or any rights of set-off, recoupment or counterclaim which any of the BORROWER BORROWERS might otherwise have against any of the SECURED PARTIES. The BORROWER BORROWERS shall pay the payments of the principal and interest to be made upon the OBLIGATIONS, free of any deductions and without abatement, diminution or set-off other than those herein expressly provided. Until the OBLIGATIONS have been fully paid and performed, none of the BORROWER shall notBORROWERS shall: (a) suspend or discontinue any payments required by the CREDIT LOAN DOCUMENTS; and (b) fail to perform and observe all of the each BORROWER’S covenants and agreements set forth in the CREDIT LOAN DOCUMENTS.

Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the BORROWER, and shall be independent of any defense or any rights of set-set off, recoupment or counterclaim which the BORROWER might otherwise have against any of the SECURED PARTIESLENDER. The BORROWER shall pay the payments of the principal OBLIGATIONS required by the terms of the LOAN DOCUMENTS and interest to be made upon the OBLIGATIONSthis AGREEMENT, free of any deductions and without abatement, diminution or set-set off other than those herein expressly provided. Until such time as the OBLIGATIONS have been fully paid and performed, the BORROWER shall not: (a) suspend or discontinue any payments required by the CREDIT LOAN DOCUMENTS; and or (b) fail to perform and observe all any of the BORROWER’S covenants and agreements set forth in this AGREEMENT and in the CREDIT LOAN DOCUMENTS.