Common use of Lien Absolute Clause in Contracts

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 14 contracts

Sources: Pledge Agreement (Vertis Inc), Pledge Agreement (Vertis Inc), Pledge Agreement (Vertis Inc)

Lien Absolute. All rights of the Administrative Agent hereunder, and all obligations of Pledgor the Grantors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPerson; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Grantor.

Appears in 9 contracts

Sources: Pledge and Security Agreement (CarParts.com, Inc.), Pledge and Security Agreement (Friedman Industries Inc), Pledge and Security Agreement (Fiesta Restaurant Group, Inc.)

Lien Absolute. All rights of the Collateral Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 6 contracts

Sources: Pledge Agreement (Cinedigm Digital Cinema Corp.), Pledge Agreement (Cinedigm Digital Cinema Corp.), Pledge Agreement (Cinedigm Digital Cinema Corp.)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 5 contracts

Sources: Pledge Agreement (Cover All Technologies Inc), Pledge Agreement (Prospect Medical Holdings Inc), Pledge Agreement (Prospect Medical Holdings Inc)

Lien Absolute. All rights of the Administrative Agent hereunder, and all obligations of Pledgor each Grantor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPerson; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Grantor.

Appears in 4 contracts

Sources: Pledge and Security Agreement (Usg Corp), Pledge and Security Agreement (Usg Corp), Pledge and Security Agreement (Usg Corp)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of the Borrower or any Credit PartyGuarantor; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 4 contracts

Sources: Stock Pledge Agreement (Southwest Casino Corp), Membership Interest Pledge Agreement (Southwest Casino Corp), Membership Interest Pledge Agreement (Southwest Casino Corp)

Lien Absolute. All rights of Agent hereunder, and all obligations Obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) a. any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) b. any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) c. any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) d. the insolvency of any Credit Party; or (e) e. any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 3 contracts

Sources: Pledge Agreement (RBC Bearings INC), Pledge Agreement (RBC Bearings INC), Pledge Agreement (Roller Bearing Co of America Inc)

Lien Absolute. All rights of Agent Subordinated Lender hereunder, and all obligations of Pledgor Borrower hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any of the Credit Agreement, any other Loan Document Subordinated Note or any other agreement or instrument governing or evidencing any Secured ObligationsLiabilities; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured ObligationsLiabilities, or any other amendment or waiver of or any consent to any departure from any of the Credit Agreement, any other Loan Document Subordinated Note or any other agreement or instrument governing or evidencing any Secured ObligationsLiabilities; (c) any exchange, release or non-perfection of any other Collateralcollateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyLiabilities; or (ed) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorBorrower.

Appears in 3 contracts

Sources: Subordination Agreement (NXT-Id, Inc.), Subordination Agreement (NXT-Id, Inc.), Subordination Agreement (NXT-Id, Inc.)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, such Pledgor.

Appears in 3 contracts

Sources: Pledge Agreement (RadNet, Inc.), Pledge Agreement (Primedex Health Systems Inc), Pledge Agreement (Primedex Health Systems Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyParty or Pledgor; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 2 contracts

Sources: Pledge Agreement (Tefron LTD), Pledge Agreement (Coyne International Enterprises Corp)

Lien Absolute. All rights of Administrative Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection non‑perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of Borrower (or any Credit Partyof them); or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorPledgor (except for a defense that the Secured Obligations are not then due and payable in accordance with the Loan Documents).

Appears in 2 contracts

Sources: Pledge Agreement (BBX Capital Corp), Pledge Agreement (Bluegreen Vacations Corp)

Lien Absolute. All rights of the Agent hereunder, and all obligations of Pledgor the Grantors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPerson; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorthe Grantors.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Wanxiang Group Corp), Pledge and Security Agreement (A123 Systems, Inc.)

Lien Absolute. All rights of Administrative Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) A. any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) B. any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) C. any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) D. the insolvency of any Credit Party; or (e) E. any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 2 contracts

Sources: Pledge Agreement (Hi Rise Recycling Systems Inc), Pledge Agreement (Hi Rise Recycling Systems Inc)

Lien Absolute. All rights of the Administrative Agent hereunder, and all obligations of Pledgor the Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor (other than the occurrence of the Termination Date).

Appears in 2 contracts

Sources: Revolving Credit Agreement (Fortegra Financial Corp), Pledge Agreement (Fortegra Financial Corp)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorPledgors.

Appears in 2 contracts

Sources: Credit Agreement (Curative Health Services Inc), Credit Agreement (Curative Health Services Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 2 contracts

Sources: First Lien Pledge Agreement (Neff Rental Inc), Second Lien Pledge Agreement (Neff Rental Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateralcollateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (ed) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 2 contracts

Sources: Pledge Agreement (Wilsons the Leather Experts Inc), Pledge Agreement (Wilsons the Leather Experts Inc)

Lien Absolute. All rights of Agent Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit AgreementNotes, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document Notes or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateralcollateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (ed) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge and Security Agreement (North Atlantic Trading Co Inc)

Lien Absolute. All rights of Agent hereunder▇▇▇▇▇▇▇▇▇, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection non‑perfection of any other of the Pledged Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyObligor; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor other than Full Payment of the Secured Obligations.

Appears in 1 contract

Sources: Pledge Agreement (FreightCar America, Inc.)

Lien Absolute. All rights of Agent Secured Party hereunder, and all obligations of Pledgor the Grantors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit AgreementNote, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementNote, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPerson; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Grantor.

Appears in 1 contract

Sources: Security Agreement (Capstone Holding Corp.)

Lien Absolute. All rights of Agent the Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Edac Technologies Corp)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, such Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Dimensional Visions Inc/ De)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-n n perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Charys Holding Co Inc)

Lien Absolute. All rights of the Administrative Agent hereunder, and all obligations of Pledgor each Grantor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guarantyguarantee, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPerson; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Grantor.

Appears in 1 contract

Sources: Pledge and Security Agreement (Usg Corp)

Lien Absolute. All rights of Agent Secured Party hereunder, and all obligations of Pledgor Grantor hereunder, shall be absolute and unconditional irrespective of: : (a) any lack of validity or enforceability of the Credit AgreementNote, any other Loan Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations; , (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementNote, any other Loan Document documents executed in connection therewith or any other agreement or instrument governing or evidencing any Secured Obligations; , (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or release, amendment, waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; , (d) the insolvency of any Credit Party; or Grantor, or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorGrantor.

Appears in 1 contract

Sources: Security Agreement (Espre Solutions Inc)

Lien Absolute. All rights of the Collateral Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: : (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; ; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; ; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; ; (d) the insolvency of any Credit Loan Party; or or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor. -12- 14.

Appears in 1 contract

Sources: Pledge Agreement

Lien Absolute. All rights of the Administrative Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Access Integrated Technologies Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Finlay Enterprises Inc /De)

Lien Absolute. All rights of the Agent hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Transaction Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Transaction Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateralcollateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (ed) any other circumstance which might otherwise constitute a defense available to, or a discharge of, the Pledgor.

Appears in 1 contract

Sources: Stock Pledge Agreement (Bcam International Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of Borrower or any Credit Partyguarantor of the Obligations; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Telxon Corp)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorPledgor other than full satisfaction of all obligations under the Credit Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Newtek Business Services Inc)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document Documents or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Asta Funding Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Westaff Inc)

Lien Absolute. All rights of Agent Lender hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, Note or any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit AgreementNote, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateralcollateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPRP; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorPledgor other than the full and complete payment and performance of the Secured Obligations.

Appears in 1 contract

Sources: Pledge and Security Agreement (Horizon Group Properties Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Financing Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Financing Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyBorrower; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Aegis Communications Group Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) : any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) ; any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) ; any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) ; the insolvency of any Credit Party; or (e) or any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor other than the payment and performance in full of the Secured Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Integrated Electrical Services Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Landec Corp \Ca\)

Lien Absolute. All rights of Collateral Agent hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Shared Pledge Agreement (Blount International Inc)

Lien Absolute. All rights of Agent Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Security Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Security Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Master Security Agreement (GTC Biotherapeutics Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (ed) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Renaissance Cosmetics Inc /De/)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document Document, or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document Document, or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyBorrower or Subsidiary of any Borrower; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Cooper Tire & Rubber Co)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: : (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; ; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; ; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; ; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Code Alarm Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Loan Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Pledgor other than the payment and performance in full of the Secured Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Integrated Electrical Services Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument Instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or amendment or waiver of of, or consent to departure from any guarantyguaranty for, for all or any of the Secured Obligations; (d) the insolvency of any Credit PartyPledgor; or (e) any other circumstance which that might otherwise constitute a defense available to, or a discharge of, such Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Uti Worldwide Inc)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor Pledgors hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Coyne International Enterprises Corp)

Lien Absolute. All rights of Administrative Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor, other than the occurrence of the Termination Date.

Appears in 1 contract

Sources: Pledge Agreement (Darling International Inc)

Lien Absolute. All rights of SCIL Agent hereunder, and all obligations Obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) a. any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) b. any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) c. any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) d. the insolvency of any Credit Party; or (e) e. any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (RBC Bearings INC)

Lien Absolute. All rights of Administrative Agent hereunder, and any other Secured Party hereunder and all obligations of Pledgor hereunder, each Grantor hereunder shall be absolute and unconditional irrespective regardless of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Collateral, Collateral or any release or release, amendment or waiver of or consent to departure from any guaranty, guaranty for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgorany Grantor, other than termination of this Security Agreement pursuant to the terms hereof.

Appears in 1 contract

Sources: Credit Agreement (Franklin Lexington Private Markets Fund)

Lien Absolute. All rights of Agent hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (b) any change in the time, manner or place of payment of, or in any other term of, all or any part of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument governing or evidencing any Secured Obligations; (c) any exchange, release or non-perfection of any other Pledged Collateral, or any release or amendment or waiver of or consent to departure from any guaranty, for all or any of the Secured Obligations; (d) the insolvency of any Credit Loan Party; or (e) any other circumstance which might otherwise constitute a defense available to, or a discharge of, PledgorPledgor other than payment and performance in full of the secured obligations.

Appears in 1 contract

Sources: Pledge Agreement (Southwest Casino Corp)