Common use of Obligations Irrevocable Clause in Contracts

Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent or CIT with respect to a Letter of Credit shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 9 contracts

Samples: Revolving Credit Agreement (Weiners Stores Inc), Revolving Credit Agreement (Hechinger Co), Credit and Term Loan Agreement (Golden Books Family Entertainment Inc)

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Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent Agent, the Lenders or CIT the L/C Issuer with respect to a Letter of Credit shall be irrevocable, not subject to without any qualification or exception whatsoever and shall be made in accordance with, but not subject to, with the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 2 contracts

Samples: Financing Agreement (Movie Star Inc /Ny/), Financing Agreement (Frederick's of Hollywood Group Inc /Ny/)

Obligations Irrevocable. The obligations of a Lender to make payments to the Administrative Agent for the account of the Administrative Agent or CIT with respect to a Letter of Credit shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Sun Television & Appliances Inc), Credit Agreement (Genesis Direct Inc)

Obligations Irrevocable. The obligations of a Lender to make ----------------------- payments to the Agent for the account of the Agent Agent, CIT or CIT an L/C Issuer with respect to a Letter of Credit shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Financing Agreement (Happy Kids Inc)

Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent Agent, CIT/CS or CIT an L/C Issuer with respect to a Letter of Credit shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Financing and Security Agreement (Andover Togs Inc)

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Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent Agent, CIT or CIT WLR with respect to a Letter of Credit shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Revolving Credit Agreement (Planet Hollywood International Inc)

Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent or CIT with respect to a Letter of Credit or Acceptance shall be irrevocable, not subject to any qualification or exception whatsoever and shall be made in accordance with, but not subject to, the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Revolving Credit Agreement (Best Products Co Inc)

Obligations Irrevocable. The obligations of a Lender to make payments to the Agent for the account of the Agent Agent, CIT or CIT the L/C Issuer with respect to a Letter of Credit shall be irrevocable, not subject to without any qualification or exception whatsoever and shall be made in accordance with, but not subject to, with the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances:

Appears in 1 contract

Samples: Financing Agreement (Aris Industries Inc)

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