Common use of Security Interest Absolute Clause in Contracts

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 46 contracts

Samples: Credit Agreement (Crown Holdings Inc), Credit Agreement (Trimas Corp), Domestic Pledge Agreement (Pliant Corp)

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Security Interest Absolute. All rights of the Collateral Agent Secured Parties hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Letter Loan Agreement, the Notes, any other Loan Document, Document or any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Letter Loan Agreement, the Notes, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 10 contracts

Samples: Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunderAgent, the grant of a security interest in the Collateral all Liens and all obligations of each Pledgor hereunder, of the Pledgors hereunder shall be absolute and unconditional irrespective of of: (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations Securities Purchase Agreement or any other agreement or instrument relating to any of the foregoingTransaction Document, (bii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Securities Purchase Agreement or any other agreement or instrument relating to any of the foregoingTransaction Document, (ciii) any exchangeexchange or release of, release or nonperfection non-perfection of any other collateralLien on any Collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any Pledgor of the Pledgors in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations). All authorizations and agencies contained herein with respect to any of the Collateral are irrevocable and powers coupled with an interest.

Appears in 10 contracts

Samples: Pledge Agreement (Cahaba Pharmaceuticals, Inc.), Pledge Agreement (Carrington Laboratories Inc /Tx/), Prism Pledge Agreement (Max Cash Media Inc)

Security Interest Absolute. All rights of the Collateral Agent Pledgee hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 8 contracts

Samples: Security Agreement (Morgans Hotel Group Co.), Security Agreement (Ashford Hospitality Trust Inc), Pledge Agreement (Ashford Hospitality Trust Inc)

Security Interest Absolute. All rights of the Collateral Agent Bank hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Borrowers hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection non-perfection of any Lien on any other collateral, or any release or amendment or waiver of of, or consent to under, or departure from from, any guaranty, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Borrower in respect of the Obligations or in respect of this Security Agreement (or any other Loan Document other than the indefeasible payment of the Obligations in full of all the Obligations)in cash.

Appears in 8 contracts

Samples: Security Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.)

Security Interest Absolute. All rights of the Collateral Agent Pledgee hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, Note or any other Loan Documentloan document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementNote, any other Loan Document loan document, or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 6 contracts

Samples: And Restated Pledge Agreement (Artemis International Solutions Corp), Pledge Agreement (Moore Medical Corp), Pledge Agreement (Greenfield Online Inc)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoingdocuments, instruments or agreements evidencing any of the Secured Obligations, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 6 contracts

Samples: Credit Agreement (Select Income REIT), Credit Agreement (Rouse Properties, Inc.), Pledge Agreement (Select Income REIT)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, Guarantor and Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Guarantor or Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 6 contracts

Samples: Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc), Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc), Second Lien Intercreditor Agreement (Cb Richard Ellis Group Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on collateral other collateralthan the Collateral, or any release or amendment or waiver of or consent to under or departure from any guaranty, for Collateral Document or guarantee securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Grantors in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of all the Secured Obligations).

Appears in 6 contracts

Samples: Pledge and Security Agreement (Etsy Inc), Pledge and Security Agreement (Blue Apron Holdings, Inc.), Pledge and Security Agreement (LendingClub Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 6 contracts

Samples: Collateral Agreement (Nalco Holding CO), And Collateral Agreement (TRW Automotive Holdings Corp), Guarantee and Collateral Agreement (TRW Automotive Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Indenture Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Indenture Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 5 contracts

Samples: Canadian Pledge Agreement (Pliant Corp), Pledge Agreement (Pliant Corp), Second Priority Pledge Agreement (Pierson Industries Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from the Guaranty or any guarantyother guarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 5 contracts

Samples: Security Agreement (Advanced Audio Concepts, LTD), Amended and Restated Security Agreement (Gamestop Corp), Security Agreement (Marsh Supermarkets Inc)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral created hereby, and all obligations of each Pledgor the Grantor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantor or any Pledgor other obligor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 4 contracts

Samples: Security Agreement (Greenshift Corp), Security Agreement (GS Cleantech Corp), Security Agreement (GS Energy CORP)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, the Intercreditor Agreement, any other Loan Financing Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, the Intercreditor Agreement, any other Loan Financing Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 4 contracts

Samples: Shared Pledge Agreement (Crown Holdings Inc), Pledge Agreement (Crown Holdings Inc), Shared Pledge Agreement (Crown Holdings Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 4 contracts

Samples: Credit Agreement (Trimas Corp), Pledge Agreement (PSF Holdings LLC), Pledge Agreement (Terex Corp)

Security Interest Absolute. All To the fullest extent permitted by applicable Law, all rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral hereunder and all obligations of each Pledgor hereunder, Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or Document, any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to under or departure from any guaranty, for guarantee guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Guarantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 4 contracts

Samples: Guaranty (Restaurant Brands International Limited Partnership), Credit Agreement (Yum Brands Inc), Guaranty (Burger King Worldwide, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Indenture Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Indenture Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 4 contracts

Samples: Security Agreement (Reptron Electronics Inc), Second Priority Security Agreement (Pierson Industries Inc), Security Agreement (On Semiconductor Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 4 contracts

Samples: Credit Agreement (El Paso Electric Co /Tx/), Pledge Agreement (Tel Save Holdings Inc), Pledge Agreement (Tel Save Holdings Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunderAgent, the grant of a security interest in the Collateral all Liens and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of of: (ai) any lack of validity or enforceability of the Credit Securities Purchase Agreement, any other Loan Document, any agreement with respect to any of the Obligations Notes or any other agreement or instrument relating to any of the foregoingTransaction Document, (bii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Securities Purchase Agreement, any other Loan Document the Notes or any other agreement or instrument relating to any of the foregoingTransaction Document, (ciii) any exchangeexchange or release of, release or nonperfection non-perfection of any other collateralLien on any Collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations Secured Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations). All authorizations and agencies contained herein with respect to any of the Pledged Collateral are irrevocable and powers coupled with an interest.

Appears in 3 contracts

Samples: Securities Purchase Agreement (A-Power Energy Generation Systems, Ltd.), Pledge Agreement (A-Power Energy Generation Systems, Ltd.), Pledge Agreement (A-Power Energy Generation Systems, Ltd.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Document Credit Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Collateral Agreement (EP Energy Corp), Collateral Agreement (EP Energy Corp), Collateral Agreement (EP Energy Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunderAgent, the grant of a all security interest in the Collateral interests and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations Document or any other agreement agreement, instrument or instrument document relating to any of the foregoingthereto, (bii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement agreement, instrument or instrument document relating to thereto, (iii) any exchange or release of, or non-perfection of any lien on or security interest in, any collateral for any of the foregoing, (c) any exchange, release or nonperfection of any other collateralObligations, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, a Borrower in respect of any of their obligations under the Credit Agreement , or the Pledgor in respect of the Obligations or in respect any of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 3 contracts

Samples: Pledge and Security Agreement (Triarc Companies Inc), Pledge and Security Agreement (DWG Acquisition Group L P), Pledge and Security Agreement (DWG Acquisition Group L P)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Transaction Document, any agreement with respect to any of the Indenture Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Indenture Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Transaction Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Indenture Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Indenture Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 3 contracts

Samples: Security Agreement (Memc Electronic Materials Inc), Pledge Agreement (Memc Electronic Materials Inc), Indenture (Memc Electronic Materials Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Pledged Stock and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Term Loan Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Term Loan Agreement, any other Loan Document Credit Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Escrow and Security Agreement (MBOW Four Star, L.L.C.), Pledge Agreement (EP Energy LLC), Pledge Agreement (MBOW Four Star, L.L.C.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Credit Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 3 contracts

Samples: Pledge Agreement (Hudson Respiratory Care Inc), Pledge Agreement (Cross Country Inc), Pledge Agreement (Century Maintenance Supply Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest, and all obligations of each Pledgor the Borrower hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity partial invalidity or enforceability unenforceability of the Credit AgreementNote, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Note or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations Secured Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any Pledgor of the Borrower in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 3 contracts

Samples: Security Agreement (Liquidmetal Technologies Inc), Securities Purchase Agreement (Liquidmetal Technologies Inc), Securities Purchase Agreement (Liquidmetal Technologies Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Pledged Stock and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Document Credit Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Pledge Agreement (EP Energy Corp), Pledge Agreement (EP Energy Corp), Pledge Agreement (EP Energy Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the its Obligations or in respect of this Agreement (other than the indefeasible performance or payment in full of all the Obligations, as the case may be).

Appears in 3 contracts

Samples: Credit Agreement (Jafra Cosmetics International Sa De Cv), Pledge Agreement (Dirsamex Sa De Cv), Pledge Agreement (Jafra Cosmetics International Sa De Cv)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Credit Agreement (Affinion Loyalty Group, Inc.), Guarantee and Collateral Agreement (Affinion Loyalty Group, Inc.), Collateral Agreement (Hexion Specialty Chemicals, Inc.)

Security Interest Absolute. All rights of the Collateral Agent Secured Party hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 3 contracts

Samples: Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)

Security Interest Absolute. All rights of the Collateral --------------------------- Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 3 contracts

Samples: Credit Agreement (Western Auto Supply Co/), Pledge Agreement (Laralev Inc), Pledge Agreement (Advance Stores Co Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Credit Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Credit Agreement (MBOW Four Star, L.L.C.), Credit Agreement (Talos Energy Inc.), Credit Agreement (Talos Energy Inc.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense (other than a defense of full payment or performance) available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 3 contracts

Samples: Security Agreement (Madison Square Garden Entertainment Corp.), Security Agreement (MSGE Spinco, Inc.), Security Agreement (Madison Square Garden Entertainment Corp.)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral Security Interest, and all obligations of each Pledgor the Grantor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit AgreementLoan Documents, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementLoan Documents, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantor or any Pledgor other obligor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 3 contracts

Samples: Subordinated Security Agreement (Winwin Gaming Inc), Security Agreement (Winwin Gaming Inc), Security Agreement (Winwin Gaming Inc)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit any Secured Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Secured Agreement or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 3 contracts

Samples: Credit Agreement (Verso Paper Corp.), Guarantee and Collateral Agreement (Verso Paper Corp.), Guarantee and Collateral Agreement (Verso Paper Corp.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, the Pledgors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment a termination as provided for in full of all the ObligationsSection 14(a) and 14(b) hereof).

Appears in 3 contracts

Samples: Pledge Agreement (Jupitermedia Corp), Pledge Agreement (Jupitermedia Corp), Pledge Agreement (Jupitermedia Corp)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on collateral other collateralthan the Collateral, or any release or amendment or waiver of or consent to under or departure from any guaranty, for Collateral Document or guarantee securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Grantors in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of all the Secured Obligations).

Appears in 3 contracts

Samples: Pledge and Security Agreement (Palantir Technologies Inc.), Pledge and Security Agreement (Palantir Technologies Inc.), Pledge and Security Agreement (Palantir Technologies Inc.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 3 contracts

Samples: Security Agreement (Zale Corp), Security Agreement (Z Investment Holdings, LLC), Security Agreement (Zale Corp)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateralPledged Collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Pledge Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 3 contracts

Samples: Credit Agreement (Service Properties Trust), Pledge Agreement (Service Properties Trust), Pledge Agreement (Service Properties Trust)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan DocumentNote, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoingdocuments, instruments or agreements evidencing any of the Secured Obligations, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 2 contracts

Samples: Pledge Agreement (Corporate Office Properties Trust), Pledge Agreement (Corporate Office Properties Trust)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Note Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Note Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 2 contracts

Samples: Collateral Agreement (Verso Paper Holdings LLC), Collateral Agreement (Verso Paper Corp.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 2 contracts

Samples: Pledge Agreement (Knowles Electronics LLC), Pledge Agreement (Knowles Electronics LLC)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 2 contracts

Samples: Collateral Agreement (CAESARS ENTERTAINMENT Corp), Collateral Agreement (Vici Properties Inc.)

Security Interest Absolute. All rights of the Collateral Agent Secured Party hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 2 contracts

Samples: Security Agreement (Ashford Hospitality Trust Inc), Pledge Agreement (Ashford Hospitality Trust Inc)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Verso Quinnesec REP Holding Inc.), Guarantee and Collateral Agreement (Verso Quinnesec REP Holding Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Credit Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on collateral other collateralthan the Collateral, or any release or amendment or waiver of or consent to under or departure from any guaranty, for Collateral Document or guarantee securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Grantors in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of all the Secured Obligations).

Appears in 2 contracts

Samples: Pledge and Security Agreement (Cypress Semiconductor Corp /De/), Pledge and Security Agreement (Cypress Semiconductor Corp /De/)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreementany Support Document or Secured Instrument, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Support Document or Secured Instrument, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Exhibit H (Leap Wireless International Inc), Security Agreement (Leap Wireless International Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoingdocuments, instruments or agreements evidencing any of the Secured Obligations, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (U-Store-It Trust), Form of Pledge Agreement (U-Store-It Trust)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense defence available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Security Agreement (Zale Corp), Security Agreement (Zale Corp)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, including without limitation, the grant of a security interest in the Collateral granted hereunder, and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations Term Loan or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the ObligationsTerm Loan, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations Term Loan, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor, any Pledgor of the Guarantors or any other obligor in respect of the Obligations Term Loan or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Energy Pledge Agreement (GS Energy CORP), Agrifuels Pledge Agreement (Greenshift Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)SecurityAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Zale Corp), Security Agreement (Zale Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Zale Corp), Security Agreement (Zale Corp)

Security Interest Absolute. All rights of the Collateral Agent Secured Party hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 2 contracts

Samples: Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, the Collateral Sharing Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, the Collateral Sharing Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 2 contracts

Samples: Pledge Agreement (Constar International Inc), Pledge Agreement (Constar Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a the security interest in the Collateral Collateral, and all obligations of each Pledgor hereunder, the Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, Transaction Document or any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Transaction Documents or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Grantor in respect of the Secured Obligations or in respect of this Agreement (other than payment of the indefeasible payment in full of all the outstanding Secured Obligations).

Appears in 2 contracts

Samples: Security Agreement (Chromocell Therapeutics Corp), Security Agreement (Chromocell Therapeutics Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, the Collateral Sharing Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Security Agreement (Constar Inc), Security Agreement (Constar International Inc)

Security Interest Absolute. All To the extent permitted by applicable law, all rights of the Collateral Agent hereunder, the grant of a security interest in the Nevada Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any either Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 2 contracts

Samples: Pledge Agreement (Colonial Downs, LLC), Pledge Agreement (Colonial Downs, LLC)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guaranty, for guarantee securing or guaranteeing all or any of the Secured Obligations or (d) subject only to termination of a Grantor’s obligations hereunder in accordance with the terms of Section 9.14 of the Credit Agreement and Section 4.13 hereof, any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (PDL Biopharma, Inc.), Collateral Agreement (PDL Biopharma, Inc.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, the Company hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementPurchase Agreements, any other Loan Transaction Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementPurchase Agreements, any other Loan Transaction Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Company in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Security Agreement (CNS Response, Inc.), And Restated Security Agreement (CNS Response, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from the Guaranty or any guarantyother guarantee, for securing or guaranteeing all or any of the Obligations Secured Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Coldwater Creek Inc), Security Agreement (A.C. Moore Arts & Crafts, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan DocumentSupport Document or Secured Instrument, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Support Document or Secured Instrument or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 2 contracts

Samples: Security Agreement (Leap Wireless International Inc), Borrower Pledge Agreement (Leap Wireless International Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Credit Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 2 contracts

Samples: Credit Agreement (Vine Resources Inc.), Credit Agreement (Vine Resources Inc.)

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Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, the Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Guarantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Guarantee and Pledge Agreement (BCP Crystal Holdings Ltd. 2), Guarantee and Pledge Agreement (Celanese CORP)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, the Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Guarantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 2 contracts

Samples: Guarantee and Pledge Agreement (BCP Crystal Holdings Ltd. 2), Guarantee and Pledge Agreement (Celanese CORP)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral granted herein and all obligations of each Pledgor hereunder, the Borrower hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan DocumentDocuments, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, Obligations or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any of the Collateral or any other collateral, or any release or amendment or waiver of or consent to or departure from any guarantyGuaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor of Borrower in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all of the Obligations).

Appears in 1 contract

Samples: Fourth Agreement (Qep Co Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc)

Security Interest Absolute. All rights of the Canadian Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Security Agreement (Oil States International, Inc)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Pledge Agreement (Equivest Finance Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the monetary Obligations).

Appears in 1 contract

Samples: Non Shared Collateral Pledge Agreement (Allied Waste North America Inc/De/)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor the Pledgors hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Credit Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Pledgors in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Nonrecourse Pledge Agreement (Hudson Respiratory Care Inc)

Security Interest Absolute. All rights of the Collateral Agent Pledgee hereunder, the grant of a security interest in the Collateral and all obligations of each the Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreementany Loan Document, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 1 contract

Samples: Security Agreement (Morgans Hotel Group Co.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral interests granted hereunder and all obligations of each Pledgor hereunder, the Pledgors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the any Credit Agreement, any other Loan Transaction Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the any Credit Agreement, any other Loan Transaction Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the ObligationsObligations by any of the Pledgors).

Appears in 1 contract

Samples: Asset Purchase Agreement (Ta Operating Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunderthe Grantors hereunder shall, shall to the extent permitted by law, be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Credit Agreement (LTV Corp)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor Borrower hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit Agreement, any of the other Loan DocumentFacility Documents, the Loan, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Facility Documents or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection non-perfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations Obligations, or (div) any other circumstance that which might otherwise constitute a defense available toto (other than the defense of indefeasible payment), or a discharge of, any Pledgor Borrower in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Security Agreement (MBI Financial, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, the Pledgors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or Document, any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Pledge Agreement (Foodbrands America Inc)

Security Interest Absolute. All rights of the Collateral Agent Trustee hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit AgreementIndenture, any other Loan Indenture Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementIndenture, any other Loan Indenture Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Pledge Agreement (3019693 Nova Scotia U.L.C.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunderhereunder the Security Interest, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Lmi Aerospace Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Credit Agreement (Burlington Industries Inc /De/)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any increase in, or any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Secured Obligations or (d) subject to the terms of Section 7.14, any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Security Agreement (Martha Stewart Living Omnimedia Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor the Pledgors hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, Agreement or any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of the payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations).

Appears in 1 contract

Samples: Credit Agreement (Gerber Scientific Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge -10- 208 of, any Pledgor or any other Loan Party in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Credit Agreement (Hechinger Co)

Security Interest Absolute. All rights of the Euro Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Credit Agreement (Crown Holdings Inc)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Agreement or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection non-perfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Obligations or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Pledgor or any Pledgor other person in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kuhlman Corp)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest interests in the Collateral and all obligations of each Pledgor hereunder, Grantor and Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor or Guarantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Symbol Technologies Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor the Parent hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan DocumentSupport Document or Secured Instrument, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Support Document or Secured Instrument or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor the Parent in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Security Agreement (Leap Wireless International Inc)

Security Interest Absolute. All rights of the Collateral Security -------------------------- Agent hereunder, the grant of a security interest in the Collateral interests granted hereunder and all obligations of each Pledgor hereunder, the Pledgors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, Agreement or any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Brylane Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Assignment and Assumption (Targa Resources Investments Inc.)

Security Interest Absolute. All rights of the Collateral -------------------------- Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

Appears in 1 contract

Samples: Pledge Agreement (Kansas City Southern Industries Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunderPledgee and the Noteholders, the grant of a security interest in the Collateral all Liens and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of of: (ai) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations Notes or any other agreement or instrument relating to any of the foregoingTransaction Document, (bii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Notes or any other agreement or instrument relating to any of the foregoingTransaction Document, (ciii) any exchange, exchange or release or nonperfection of (except to the extent of any other collateralsuch release), or non-perfection of any Lien on, any Collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations Obligations, or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Obligations or in respect of this Agreement (other than such Obligations having been paid in full. All authorizations and agencies contained herein with respect to any of the indefeasible payment in full of all the Obligations)Pledged Collateral are irrevocable and powers coupled with an interest.

Appears in 1 contract

Samples: Pledge and Security Agreement (SJ Electronics, Inc.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any Platinum Lease, agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, any Platinum Lease or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than than, in the indefeasible case of any Secured Party, the payment in full in cash of all the ObligationsObligations owing to such Secured Party).

Appears in 1 contract

Samples: S. Pledge Agreement (Seagate Technology PLC)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the Security Interest, the grant of a security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, Grantor and Guarantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor or Guarantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Credit Agreement (Palm Inc)

Security Interest Absolute. All rights of the Collateral Agent Lender hereunder, the grant of a security interest in the Collateral and all obligations of each the Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Note or this Pledge Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, ; (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Note or this Pledge Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, ; (c) any exchange, release or nonperfection of any other collateralrelease, or any release or amendment or waiver of of, or consent to or departure from from, any guaranty, guaranty for all or any of the Obligations Obligations; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any the Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Quepasa Com Inc)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, Agreement or any other Loan Document, any other agreement with respect to any of the Obligations of any Grantor or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the ObligationsObligations of any Grantor, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, Agreement or any other Loan Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any other collateralCollateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the its Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Security Agreement (Bayou Steel Corp)

Security Interest Absolute. All rights of the Collateral Agent Secured Parties hereunder, the grant of a security interest in the Collateral Security Interest and all obligations of each Pledgor hereunder, Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Purchase Agreement, the Note, any other Loan Document, Transaction Document or any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Purchase Agreement, the Note, any other Loan Transaction Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Security Agreement (Intelligentias, Inc.)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the -------------------------- grant of a security interest in the Collateral and all obligations of each Pledgor the Company hereunder, shall be absolute and unconditional irrespective of (ai) any lack of validity or enforceability of any of the Credit Agreement, any other Loan DocumentTransaction Agreements, any agreement with respect to any of the Guaranteed Obligations or any other agreement or instrument relating to any of the foregoing, (bii) any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other amendment or waiver of or any consent to any departure from any of the Credit Agreement, any other Loan Document Transaction Agreements or any other agreement or instrument relating to any of the foregoinginstrument, (ciii) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Guaranteed Obligations or (div) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, any Pledgor the Company in respect of the Guaranteed Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Cumetrix Data Systems Corp)

Security Interest Absolute. All rights of the Collateral Agent Secured Party hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Funding Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Funding Agreement or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Secured Obligations or (d) any other circumstance (other than payment in full of the Secured Obligations (other than inchoate obligations)) that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Aceragen, Inc.)

Security Interest Absolute. All rights of the Collateral Administrative Agent hereunder, the grant of a security interest in the Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guaranty, for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of all the Loan Document Obligations).

Appears in 1 contract

Samples: S. Pledge Agreement (Seagate Technology)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a and security interest in the Collateral interests hereunder and all obligations of each Pledgor Assignor hereunder, shall be absolute and unconditional irrespective of of: (a) any a)Any lack of validity or enforceability of the Credit Agreement, the Notes, any Intercompany Loan, the Guaranty, any other Loan Document, any agreement with respect to any of the Obligations Credit Document or any other agreement or instrument relating to any of the foregoing, thereto; (b) any b)Any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, the Notes, any Intercompany Loan, the Guaranty, any other Loan Credit Document or any other agreement or instrument relating to any of the foregoing, thereto; or (c) any c)Any exchange, release or nonperfection non-perfection of any other collateral, or any release or amendment or waiver of or consent to or any departure from any guaranty, other guaranty for all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Secured Obligations). SECTION 23.

Appears in 1 contract

Samples: Security Agreement (Sci Systems Inc)

Security Interest Absolute. All rights of the Collateral Agent Pledgee hereunder, the grant of a security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan DocumentIndenture Documents, any agreement with respect to any of the Noteholder Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Noteholder Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Indenture Document or any other agreement or instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any other collateral, or any release or amendment or waiver of or consent to or departure from any guarantyguarantee, for all or any of the Noteholder Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Noteholder Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Noteholder Obligations).

Appears in 1 contract

Samples: Pledge Agreement (United Maritime Group, LLC)

Security Interest Absolute. All rights of the Collateral Agent hereunder, the grant of a security interest in the Collateral Security Interests created hereby and all obligations of each Pledgor hereunder, the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Term Loan Credit Agreement, any other Loan Credit Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Term Loan Credit Agreement, any other Loan Credit Document or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations Obligations, or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor Grantor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations)Agreement.

Appears in 1 contract

Samples: Term Loan Security Agreement (Goodman Sales CO)

Security Interest Absolute. All To the extent permitted by law, all rights of the Collateral Agent hereunder, the grant of a Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder, hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Document, the Intercreditor Agreements or any other agreement or instrument relating to any of the foregoinginstrument, (c) any exchange, release or nonperfection non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent to under or departure from any guarantyguarantee, for securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or in respect of this Agreement (other than the indefeasible a defense of payment in full of all the Obligationsor performance).

Appears in 1 contract

Samples: Collateral Agreement (Momentive Specialty Chemicals Inc.)

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