Unconditional Payment. Borrower is and shall be obligated to pay principal, interest and any and all other amounts which became payable under the Note or under the other Documents absolutely and unconditionally and without abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 2 contracts
Sources: Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Unconditional Payment. Borrower Maker is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents Payee hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this B Note or return thereof to Borrower Maker and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this B Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 2 contracts
Sources: Promissory Note (Capital Lease Funding Inc), Promissory Note (Capital Lease Funding Inc)
Unconditional Payment. Borrower is and shall be obligated --------------------- to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Promissory Note (Nei Webworld Inc)
Unconditional Payment. Borrower The Company is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the any other Documents Operative Agreement absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents Purchaser hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower the Company and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.. This
Appears in 1 contract
Unconditional Payment. Borrower is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the other Other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable avoidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Promissory Note and Loan Agreement (Essex Corporation)
Unconditional Payment. Borrower is and shall be obligated to pay all principal, interest and any and all other amounts which became become payable under the this Note or under any of the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction whatsoever and without any reduction for counterclaim or setoffsetoff whatsoever. In the event that If at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency Debtor Relief Law or other debtor relief lawapplicable laws, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable immediately upon demand.
Appears in 1 contract
Sources: Promissory Note (Tejas Inc)
Unconditional Payment. Borrower Subject to clauses (c) and (d) of Section 2.1, Maker is and shall be obligated to pay all principal, interest and any and all other amounts which became become payable under the this Note or under the other Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction whatsoever and without any reduction for counterclaim or setoffsetoff whatsoever. In the event that If at any time any payment received by Lender under the Documents Payee hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief lawDebtor Relief Law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower Maker and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Asset Purchase Agreement (Global Geophysical Services Inc)
Unconditional Payment. Borrower Maker is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents Payee hereunder shall be deemed by a court of competent jurisdiction to have been a voidable avoidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower Maker and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Promissory Note (Inland Western Retail Real Estate Trust Inc)
Unconditional Payment. Borrower is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note to Lender hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoff. In the event that at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this B Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this B Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Unconditional Payment. Borrower is and shall be obligated to pay principal, interest and any and all other amounts which became become payable under the Note hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any reduction for counterclaim or setoffset off. In the event that at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Promissory Note (Angeles Income Properties LTD Iii)
Unconditional Payment. Borrower is and shall be obligated to pay all principal, interest and any and all other amounts which became become payable under the this Note or under any of the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction whatsoever and without any reduction for counterclaim or setoffsetoff whatsoever. In the event that If at any time any payment received by Lender under the Documents hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy, insolvency or other debtor relief lawDebtor Relief Law, then the obligation to make such payment shall survive any cancellation or satisfaction of the this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or cancellation of the this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, hereof and such payment shall be immediately due and payable upon demand.
Appears in 1 contract
Sources: Promissory Note (Sielox Inc)