Common use of Covenant Independence Clause in Contracts

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception in one covenant shall not create an exception in another covenant.

Appears in 16 contracts

Samples: Revolving Credit Loan Agreement (Thomas Group Inc), Loan Agreement (Plymouth Commercial Mortgage Fund), Loan Agreement (Sun Coast Industries Inc /De/)

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Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception or illegality in one covenant shall not create an exception or illegality in another covenant.

Appears in 9 contracts

Samples: Credit Agreement (Ballast Point Brewing & Spirits, Inc.), Credit Agreement (Nexx Systems Inc), Credit Agreement (Nexx Systems Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception illegality in one covenant shall not create an exception in or illegality another covenant.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Pawnmart Inc), Revolving Credit Agreement (Xponential Inc), Revolving Credit Agreement (Pawnmart Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception in or illegality of one covenant shall not create an exception or illegality in another covenant.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Mission West Properties Inc), Revolving Credit Loan Agreement (Mission West Properties Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception illegality in one covenant shall not create an exception in or illegality another covenant.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Brightstar Information Technology Group Inc), Revolving Credit Agreement (Pawnmart Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception or illegality in one covenant shall not create an exception in or illegality another covenant.

Appears in 1 contract

Samples: Line of Credit and Term Loan Agreement (Riviera Tool Co)

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Covenant Independence. Each covenant in this Agreement shall be deemed --------------------- to be independent of any other covenant, and an exception or illegality in one covenant shall not create an exception or illegality in another covenant.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Symmetricom Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, covenant and an exception or illegality in one covenant shall not create an exception or illegality in another covenant.

Appears in 1 contract

Samples: Loan Agreement (Organic Inc)

Covenant Independence. Each covenant in this Agreement shall be deemed to be independent of any other covenant, and an exception the unenforceability in one covenant shall not create an exception in another covenantrender any other covenant unenforceable.

Appears in 1 contract

Samples: Master Loan and Investment Agreement (Tset Inc)

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