Common use of Security Interests Absolute Clause in Contracts

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 10 contracts

Samples: Pledge Agreement (Duane Reade Holdings Inc), Security Agreement (Life Technologies Corp), Pledge Agreement (Duane Reade)

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Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each U.S. Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by such U.S. Loan Party, any other U.S. Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each U.S. Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 3 contracts

Samples: Credit Agreement (Masonite International Corp), Security Agreement (Masonite International Corp), Security Agreement (Masonite International Corp)

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Credit Obligations, whether executed by such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 2 contracts

Samples: Security Agreement (Sbarro Inc), Pledge Agreement (Sbarro Inc)

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Credit Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by such Loan Credit Party, any other Loan Credit Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Credit Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 2 contracts

Samples: Security Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Note Obligations, whether executed by such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 2 contracts

Samples: Pledge Agreement (IMI of Arlington, Inc.), Security Agreement (IMI of Arlington, Inc.)

Security Interests Absolute. All rights of the Senior Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Senior Obligations, whether executed by such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 2 contracts

Samples: Security Agreement (VeriFone Holdings, Inc.), Pledge Agreement (VeriFone Holdings, Inc.)

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Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoingforegoing and except as otherwise provided in Section 7.11 or Section 7.05 of the Credit Agreement, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 1 contract

Samples: Security Agreement (Central Credit, LLC)

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by the Borrower, such Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 1 contract

Samples: Pledge Agreement (Central Credit, LLC)

Security Interests Absolute. All rights of the Collateral Agent, all security interests hereunder and all obligations of each U.S. Loan Party hereunder are unconditional and absolute and independent and separate from any other security for or guaranty of the Finance Obligations, whether executed by such U.S. Loan Party, any other Loan Party or any other Person. Without limiting the generality of the foregoing, the obligations of each U.S. Loan Party hereunder shall not be released, discharged or otherwise affected or impaired by:

Appears in 1 contract

Samples: Security Agreement (Masonite International Corp)

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