Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the GUARANTOR, and shall be independent of any defense or any rights of setoff, recoupment or counterclaim which the GUARANTOR might otherwise have against the SECURED PARTIES, and the GUARANTOR shall pay absolutely all payments required to be made on the OBLIGATIONS, free of any deductions and without abatement, diminution or setoff other than those herein expressly provided.
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Sources: Security Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)
Obligations Are Unconditional. The payment and performance of the OBLIGATIONS shall be the absolute and unconditional duty and obligation of the GUARANTORDEBTOR, and shall be independent of any defense or any rights of setoffset-off, recoupment or counterclaim which the GUARANTOR DEBTOR might otherwise have against any of the SECURED PARTIES, and the GUARANTOR DEBTOR shall pay absolutely all payments required to be made on the OBLIGATIONS, free of any deductions and without abatement, diminution or setoff set-off other than those herein expressly provided.
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