Common use of Security Interests Absolute Clause in Contracts

Security Interests Absolute. All rights of the Security Agent hereunder, the Security Interests and all obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any 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 any Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any Security 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, the Grantors in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations).

Security Interests Absolute. All rights of the Security Agent Trustee hereunder, the Security Interests and all obligations of the Grantors Pledgor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any Credit Agreementthe Deed of Charge, any other Loan Transaction 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 any Credit Agreementthe Deed of Charge, any other Loan Transaction Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any Security Document security 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, the Grantors Pledgor in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations).

Security Interests Absolute. All rights of the Security Agent Lender and security interests hereunder, the Security Interests and all obligations of the Grantors hereunder each Pledgor hereunder, shall be absolute and unconditional irrespective of of: (a) any lack of validity or enforceability of any Credit provision of the Loan Agreement, the Revolving Note or any other Loan Document, any agreement with respect to any of the Secured Obligations Transaction Document or any other agreement or instrument relating to any of the foregoing, thereto; (b) any change in the time, manner or place of payment of, or in any other term of, or any increase in the amount of, all or any of the Secured Obligations, or any other amendment or waiver of any term of, or any consent to any departure from any Credit requirement of, the Loan Agreement, any other Loan Document the Revolving Note or any other agreement or instrument, Transaction Document; (c) any exchange, release or non-perfection of any Lien on any other collateral, or any release or amendment or waiver of any term of any guaranty of, or consent under or to departure from any Security Document or guarantee securing or guaranteeing requirement of any guaranty of, all or any of the Secured Obligations, or ; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantors in respect of the Secured Obligations a guarantor or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)surety.

Security Interests Absolute. All rights of the Security Agent hereunder, the Security Interests and all obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any Credit the Facility Agreement, any other Loan Finance 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 A07164677/5.0/13 Dec 2006 Obligations, or any other amendment or waiver of or any consent to any departure from any Credit the Facility Agreement, any other Loan Finance Document or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any Security 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, the Grantors in respect of the Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations).

Security Interests Absolute. All rights of the Security Agent hereunderSecured Party and the Creditors, the Security Interests and all obligations of Grantor hereunder and the Grantors hereunder shall security interests hereunder, shall, to the extent permitted by applicable law, be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of any Credit the Loan Agreement, any other Loan Document, any agreement with respect to Swap Agreement or any of the Secured Obligations other Loan Documents or any other agreement or instrument security C-11 142 document relating thereto or executed in connection with or pursuant to the Existing Loan Agreement, the Loan Agreement, any of Swap Agreement, the foregoing, Existing Security Agreement or any other Loan Document; (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, Obligations or any other amendment or waiver of or any consent to any departure from any Credit the Loan Agreement, any other Loan Document Swap Agreement or any other agreement or instrument, Loan Document; (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or to departure from any Security Document or guarantee securing or guaranteeing guaranty, for all or any of the Secured Obligations, or ; or (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantors Grantor in respect of the Secured Obligations or in respect of this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.

Security Interests Absolute. All rights of the Security Collateral Agent and the security interests granted hereunder, the Security Interests and all obligations of the Grantors hereunder Grantor hereunder, shall be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of any the Credit Agreement, any Designated Swap Agreement, the Guaranty of Payment, any other Loan Credit Document, any agreement with respect to any of the Secured Obligations or any other agreement agreement, document or instrument relating to any of the foregoing, thereto; (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, Obligations or any other amendment or waiver of of, or any consent to any departure from any from, the Credit Agreement, any other Loan Document Designated Swap Agreement, the Guaranty of Payment or any other agreement or instrument, Credit Document; (c) any exchange, release or non-perfection of any Lien on portion of the Collateral or any other collateral, collateral held by the Collateral Agent or any release or amendment or waiver of of, or consent under or to any departure from from, any Security Document or guarantee securing or guaranteeing guaranty for all or any of the Secured Obligations, or ; and (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantors Grantor in respect of the Secured Obligations or otherwise with respect to this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.

Security Interests Absolute. All rights of the Security Collateral Agent and the security interests granted hereunder, the Security Interests and all obligations of the Grantors hereunder each Grantor hereunder, shall be absolute and unconditional unconditional, irrespective of of: (a) any lack of validity or enforceability of any the Credit Agreement, any Designated Swap Agreement, the Guaranty of Payment, any other Loan Credit Document, any agreement with respect to any of the Secured Obligations or any other agreement agreement, document or instrument relating to any of the foregoing, thereto; (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, Obligations or any other amendment or waiver of of, or any consent to any departure from any from, the Credit Agreement, any other Loan Document Designated Swap Agreement, the Guaranty of Payment or any other agreement or instrument, Credit Document; (c) any exchange, release or non-perfection of any Lien on portion of the Collateral or any other collateral, collateral held by the Collateral Agent or any release or amendment or waiver of of, or consent under or to any departure from from, any Security Document or guarantee securing or guaranteeing guaranty for all or any of the Secured Obligations, or ; and (d) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, the Grantors such Grantor in respect of the Secured Obligations or otherwise with respect to this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations)Agreement.