Continuing Indemnity. (a) The indemnities contained in clause 7.4 (Indemnities) (the "Indemnities"): (i) are a continuing security and will remain in full force and effect until all the amounts to which the Indemnities are expressed to relate have been paid in full; and (ii) are in addition to and are not in any way prejudiced by any other security now or subsequently held by any person. (b) Any settlement or discharge of any claim under any of the Indemnities shall be conditional on no payment made under the Indemnities being avoided or set aside or ordered to be refunded by virtue of any provision of any enactment relating to bankruptcy, insolvency or liquidation.
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Samples: Credit Agreement (Fimep Sa), Senior Credit Agreement (Ocallaghan Barry)
Continuing Indemnity. (a) The indemnities contained in clause 7.4 6.4 (Indemnities) (the "IndemnitiesINDEMNITIES"):
(i) are a continuing security and will remain in full force and effect until all the amounts to which the Indemnities are expressed to relate have been paid in full; and
(ii) are in addition to and are not in any way prejudiced by any other security now or subsequently held by any person.
(b) Any settlement or discharge of any claim under any of the Indemnities shall be conditional on no payment made under the Indemnities being avoided or set aside or ordered to be refunded by virtue of any provision of any enactment relating to bankruptcy, insolvency or liquidation.
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Samples: Senior Facilities Agreement (Ugi Corp /Pa/), Senior Facilities Agreement (Ugi Corp /Pa/)
Continuing Indemnity. (a) The indemnities contained in clause 7.4 (Indemnities) (the "IndemnitiesINDEMNITIES"):
(i) are a continuing security and will remain in full force and effect until all the amounts to which the Indemnities are expressed to relate have been paid in full; and
(ii) are in addition to and are not in any way prejudiced by any other security now or subsequently held by any person.
(b) Any settlement or discharge of any claim under any of the Indemnities shall be conditional on no payment made under the Indemnities being avoided or set aside or ordered to be refunded by virtue of any provision of any enactment relating to bankruptcy, insolvency or liquidation.
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