Unconditional and Irrevocable Sample Clauses
The "Unconditional and Irrevocable" clause establishes that a party’s commitment or obligation cannot be withdrawn, altered, or made subject to any conditions once it has been given. In practice, this means that, for example, a guarantee or letter of credit provided under such terms must be honored regardless of any disputes or changes in circumstances, and the party providing it cannot later impose new requirements or retract their promise. This clause is essential for providing certainty and security to the beneficiary, ensuring that they can rely on the commitment without fear of it being revoked or challenged.
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Unconditional and Irrevocable. The Guarantor agrees that its obligations under this Guaranty shall be absolute, unconditional and irrevocable, irrespective of (i) the validity, enforceability, avoidance, subordination, discharge or disaffirmance of the Guaranteed Obligations or any of the Transaction Documents, (ii) the absence of any attempt to, or the inability to, collect the Guaranteed Obligations from CBOT Sub, (iii) any amendment or change to, or exchange or release of, the Guaranteed Obligations or any of the Transaction Documents, (iv) any law, regulation or order of any jurisdiction affecting any term of any of the Guaranteed Obligations or rights of any of Beneficiaries with respect thereto, (v) the failure by any of the Beneficiaries to take any steps to perfect and maintain perfected, or to preserve its rights to, its respective interest in any security or collateral related to the Guaranteed Obligations, (vi) any failure to obtain any authorization or approval from, or other action by, or to notify or make any filing with, any governmental authority or regulatory body that may be required in connection with the performance of the obligations hereunder by the Guarantor, or (vii) any impossibility or impracticability of performance, illegality, force majeure, any act of government or other circumstances which might constitute a defense available to or a discharge of CBOT Sub, or the Guarantor or (viii) any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor, in each case other than the payment and performance in full of the Guaranteed Obligations (other than contingent indemnification obligations).
Unconditional and Irrevocable. This Gift is given unconditionally, and Donor hereby irrevocably assigns, transfers, bestows and gives any and all rights, title and interest which Donor shall now have or may possess in the future in Gift to the Foundation for the use and benefit of the College.
Unconditional and Irrevocable. The Note shall be unconditional and irrevocable.
Unconditional and Irrevocable. This Gift is given unconditionally, and Donor hereby irrevocably assigns, transfers, bestows and gives any and all rights, title and interest which Donor shall now have or may possess in the future in Gift to the Foundation for the use and benefit of LSCS.