Absolute and Unconditional Obligations. All rights of the Agent hereunder, the Security Interest and all obligations of the Assignor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of any 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 any Credit 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 guarantee, 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, the Assignor in respect of the Obligations or in respect of this Agreement (other than the indefeasible payment in full of all the Obligations). The Agent may resort to the Assignor hereunder for the payment of the Obligations whether or not the Agent shall have resorted to any other property of any person securing the Obligations or shall have proceeded against any other obligor primarily or secondarily obligated with respect to any of the Obligations.
Appears in 2 contracts
Sources: Security Agreement (Americold Corp /Or/), Security Agreement (Americold Corp /Or/)