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

Continuing indemnities and evidence of loss. (a) Each indemnity of the Issuer contained in this agreement is a continuing obligation of the Issuer, despite: (1) any settlement of account; or (2) the occurrence of any other thing, and remains in full force and effect until: (3) all moneys owing, contingently or otherwise, under any of the Material Documents have been paid in full; (4) the Outstanding Moneys are fully and finally repaid. (b) Each indemnity of the Issuer contained in this agreement is an additional, separate and independent obligation of the Issuer and no one indemnity limits the generality of any other indemnity.