Common use of Continuing indemnities and evidence of loss Clause in Contracts

Continuing indemnities and evidence of loss. (a) Each indemnity of a Transaction Party in a Transaction Document is a continuing obligation of the Transaction Party, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) the Secured Moneys are fully and finally repaid; and (4) each Security has been finally discharged. (b) Each indemnity of a Transaction Party in a Transaction Document is an additional, separate and independent obligation of a Transaction Party and no one indemnity limits the general nature of any other indemnity. (c) Each indemnity of a Transaction Party in a Transaction Document survives the termination of any Transaction Document. (d) A certificate given by an Officer of a Finance Party detailing the amount of any Loss covered by any indemnity in a Transaction Document is sufficient evidence unless the contrary is proved.

Continuing indemnities and evidence of loss. (a) Each indemnity of a Transaction Party in a Transaction Document is a continuing obligation of the Transaction Party, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) the Secured Moneys are fully and finally repaidunconditionally repaid in full; and (4) each Security has been finally discharged. (b) Each indemnity of a Transaction Party in a Transaction Document is an additional, separate and independent obligation of a Transaction Party and no one indemnity limits the general nature of any other indemnity. (c) Each indemnity of a Transaction Party in a Transaction Document survives the termination of any Transaction Document. (d) A certificate given by an Officer of a Finance Party detailing the amount of any Loss covered by any indemnity in a Transaction Document is sufficient evidence unless the contrary is proved.

Continuing indemnities and evidence of loss. (a) Each indemnity of a Transaction Party in a Transaction Document is a continuing obligation of the Transaction Party, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) the Secured Moneys are fully and finally repaidunconditionally repaid in full; and (4) each Security Interest has been finally discharged. (b) Each indemnity of a Transaction Party in a Transaction Document is an additional, separate and independent obligation of a Transaction Party and no one indemnity limits the general nature of any other indemnity. (c) Each indemnity of a Transaction Party in a Transaction Document survives the termination of any Transaction Document. (d) A certificate given by an Officer of a Finance Party detailing the amount of any Loss covered by any indemnity in a Transaction Document is sufficient evidence unless the contrary is proved.