Common use of Lien Absolute Clause in Contracts

Lien Absolute. All rights of 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 Securities Purchase Agreement, any other Investment 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 Securities Purchase Agreement, any other Investment 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 Pledgor or any Guarantor or any other guarantor of the obligations; or (e) any other circumstance that might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Stock Pledge and Control Agreement (Overhill Farms Inc)

Lien Absolute. All rights of 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 Securities Purchase Agreement, any other Investment Basic 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 Securities Purchase Reimbursement Agreement, any other Investment Basic 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 guaranty forguaranty, for all or any of the Secured Obligations; (d) the insolvency of Pledgor Company or any Guarantor or any other guarantor of the obligationsPledgor; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Atc Communications Group Inc)

Lien Absolute. All rights of 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 Securities Purchase AgreementNote, any other Investment 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 Securities Purchase AgreementNote, any other Investment 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 Collateral, or any release or amendment or release, amendment, waiver of, of or consent to departure from any guaranty forguaranty, for all or any of the Secured Obligations; (d) the insolvency of Pledgor or any Guarantor or any other guarantor of the obligationsPledgor; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Espre Solutions Inc)

Lien Absolute. All rights of Secured Party hereunder, and all obligations of each Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of the Securities Purchase Agreement, any other Investment 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 Securities Purchase Agreement, any other Investment 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 Pledgor or any Subsidiary Guarantor or any other guarantor of the obligations; or (e) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Quiznos Corp)

Lien Absolute. All rights of Secured Party 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 Securities Purchase Loan Agreement, any other Investment 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 Securities Purchase Loan Agreement, any other Investment 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 Collateral, or any release or amendment or waiver of, of or consent to departure from any guaranty forguaranty, for all or any of the Secured Obligations; (d) the insolvency of Pledgor or any Guarantor or any other guarantor of the obligationsguarantor; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge and Security Agreement (Industrial Services of America Inc)

Lien Absolute. All rights of Secured Party 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 Securities Purchase Credit Agreement, any other Investment 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 Securities Purchase Credit Agreement, any other Investment 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 Pledgor or any Guarantor or any other guarantor of the obligationsPledgor; or (e) any other circumstance that might otherwise constitute a defense available to, or a discharge of, such Pledgor.

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (WTD Industries Inc)

Lien Absolute. All rights of 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 Securities Purchase AgreementNote, any other Investment 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 Securities Purchase AgreementNote, any other Investment 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 Collateral, or any release or amendment or release, amendment, waiver of, of or consent to departure from any guaranty forguaranty, for all or any of the Secured Obligations; ; (d) the insolvency of Pledgor Pledgor; or any Guarantor or any other guarantor of the obligations; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement

Lien Absolute. All rights of Secured Party hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any of the Securities Purchase Agreement, any other Investment Document Note 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 any of the Securities Purchase Agreement, any other Investment Note 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 guaranty forguaranty, for all or any of the Secured Obligations; (d) the insolvency of any Pledgor or any Guarantor or any other guarantor of the obligationssubsidiary thereof; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Staffing 360 Solutions, Inc.)

Lien Absolute. All rights of Secured Party Parties hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any of the Securities Purchase Agreement, any other Investment Document Note 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 any of the Securities Purchase Agreement, any other Investment Note 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 guaranty forguaranty, for all or any of the Secured Obligations; (d) the insolvency of any Pledgor or any Guarantor or any other guarantor of the obligationssubsidiary thereof; or (e) any other circumstance that which might otherwise constitute a defense available to, or a discharge of, Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (JRjr33, Inc.)