Common use of Lien Absolute Clause in Contracts

Lien Absolute. All rights of Lender hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any 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 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; or (d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 3 contracts

Sources: Stock Pledge Agreement (Worldwide Web Networx Corp), Stock Pledge Agreement (Worldwide Web Networx Corp), Stock Pledge Agreement (Worldwide Web Networx Corp)

Lien Absolute. All rights of Lender 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 any 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 any Transaction 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; or (d) or any other circumstance which might otherwise constitute a defense available to, or a discharge of, the Pledgor.

Appears in 1 contract

Sources: Note Purchase Agreement (Impleo LLC)

Lien Absolute. All rights of Lender the Bank hereunder, and all obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any agreement or instrument relating to, governing or evidencing any of the 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 any other agreement or instrument governing or evidencing any of the 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; or (d) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

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

Lien Absolute. All rights of 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 Note 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 by Lender of or any consent to any departure from the Note 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 Pledgor; or (de) any other circumstance which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Jaindl Mark W)