Common use of DURATION AND INDEPENDENCE Clause in Contracts

DURATION AND INDEPENDENCE. 18.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement relating to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Assignor pursuant to it. 18.2 This Agreement is independent from any other security or guarantee which may have been or will be given to the Secured Parties or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement. 18.3 Waiving Section 418 of the German Civil Code (applied by analogy), the Assignor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.

Appears in 12 contracts

Samples: Global Assignment Agreement (Reynolds Group Holdings LTD), Global Assignment Agreement (RenPac Holdings Inc.), Global Assignment Agreement (RenPac Holdings Inc.)

AutoNDA by SimpleDocs

DURATION AND INDEPENDENCE. 18.1 14.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement relating to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Assignor Transferor pursuant to it. 18.2 14.2 This Agreement is independent from any other security or guarantee which may have been or will be given to the Secured Parties or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement. 18.3 14.3 Waiving Section 418 of the German Civil Code (applied by analogy), the Assignor Transferor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.

Appears in 3 contracts

Samples: Security Transfer Agreement (RenPac Holdings Inc.), Security Transfer Agreement (RenPac Holdings Inc.), Security Transfer Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 18.1 19.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement relating to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations obligations, which are imposed on the Assignor Transferor pursuant to it. 18.2 19.2 This Agreement is independent from any other security or guarantee which may have been or will be given to the Secured Parties or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with with, this Agreement. 18.3 19.3 Waiving Section 418 of the German Civil Code (applied by analogy), the Assignor Transferor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.

Appears in 2 contracts

Samples: Security Transfer and Assignment Agreement (RenPac Holdings Inc.), Security Transfer and Assignment Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 18.1 17.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement relating to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations obligations, which are imposed on the Assignor Transferor pursuant to it. 18.2 17.2 This Agreement is independent from any other security or guarantee which may have been or will be given to the Secured Parties or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with with, this Agreement. 18.3 17.3 Waiving Section 418 of the German Civil Code (applied by analogy), the Assignor Transferor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.

Appears in 2 contracts

Samples: Security Transfer and Assignment Agreement (RenPac Holdings Inc.), Security Transfer and Assignment Agreement (RenPac Holdings Inc.)

AutoNDA by SimpleDocs

DURATION AND INDEPENDENCE. 18.1 17.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement relating to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Assignor pursuant to it. 18.2 17.2 This Agreement is independent from any other security or guarantee which may have been or will be given to the Secured Parties or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement. 18.3 17.3 Waiving Section 418 of the German Civil Code (applied by analogy), the Assignor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.

Appears in 1 contract

Samples: Global Assignment Agreement (RenPac Holdings Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!