Common use of Liability unconditional Clause in Contracts

Liability unconditional. The liability of the Creditor shall not be affected, discharged or reduced by reason of: 4.4.1 the Incapacity or any change in the name, style or constitution of the Borrower or any other Security Provider; 4.4.2 the Security Trustee, the Beneficiaries or any of them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrower or any other Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrower or any other Security Provider; or 4.4.3 any act or omission which but for this provision might operate to exonerate the Creditor.

Liability unconditional. The liability of the Creditor shall not be affected, discharged or reduced by reason of: 4.4.1 (a) the Incapacity or any change in the name, style or constitution of the Borrower or any other Security Provider; 4.4.2 (b) the Security Trustee, the Beneficiaries or any of them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrower or any other Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrower or any other Security Provider; or 4.4.3 (c) any act or omission which but for this provision might operate to exonerate the Creditor.

Liability unconditional. The liability of the Creditor shall not be affected, discharged or reduced by reason of: 4.4.1 the Incapacity or any change in the name, style or constitution of the Borrower or any other Security Provider; 4.4.2 the Security Trustee, the New Beneficiaries or any of them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrower or any other Security Provider or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrower or any other Security Provider; or 4.4.3 any act or omission which but for this provision might operate to exonerate the Creditor.