Common use of Continuation and Independence of Indemnities Clause in Contracts

Continuation and Independence of Indemnities. (a) Each indemnity of a party contained in this Agreement is a continuing obligation of that party despite: (i) any settlement of account; or (ii) the occurrence of any other thing, and remains in full force and effect until all money owing, contingently or otherwise, under the indemnity has been paid in full. (b) Each indemnity of a party contained in this Agreement is an additional, separate and independent obligation of that party and no one indemnity limits the generality of any other indemnity.

Appears in 4 contracts

Samples: Partners Agreement, Introducing Broker Agreement, Client Introducer Agreement

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Continuation and Independence of Indemnities. (a) Each indemnity of a party contained in this Agreement is a continuing obligation of that party despite: (i) any settlement of account; or (ii) the occurrence of any other thing, and remains in full force and effect until all money owing, contingently or otherwise, under the indemnity has been paid in full. (b) Each indemnity of a party contained in this Agreement is an additionalobligation, separate and independent obligation from the other obligations of that the parties, and survives the expiration or termination of this Agreement. It is not necessary for a party and no one to incur expense or make any payment before enforcing a right of indemnity limits the generality of any other indemnityconferred by this Agreement.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

Continuation and Independence of Indemnities. (a) Each indemnity of a party contained in this Agreement is a continuing obligation of that party despite: (i) i. any settlement of account; or (ii) . the occurrence of any other thing, and remains in full force and effect until all money owing, contingently or otherwise, under the indemnity has been paid in full. (b) Each indemnity of a party contained in this Agreement is an additional, separate and independent obligation of that party and no one indemnity limits the generality of any other indemnity.

Appears in 1 contract

Samples: Introducing Partner Agreement

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Continuation and Independence of Indemnities. (a) Each indemnity of a party contained in this Agreement is a continuing obligation of that party despite: (i) any settlement of account; or (ii) the occurrence of any other thing, and remains in full force and effect until all money owing, contingently or otherwise, under the indemnity has been paid in full. (b) Each indemnity of a party contained in this Agreement is an additional, separate and independent obligation of that party and no one indemnity limits the generality of any other indemnity.

Appears in 1 contract

Samples: Client Introducer Agreement

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