Common use of DURATION AND INDEPENDENCE Clause in Contracts

DURATION AND INDEPENDENCE. 16.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Secured Documents or in any document or agreement relating to any of the Secured Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Assignor pursuant to it. 16.2 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.

Appears in 2 contracts

Samples: Global Assignment Agreement (Axalta Coating Systems Ltd.), Global Assignment Agreement (Axalta Coating Systems Ltd.)

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DURATION AND INDEPENDENCE. 16.1 14.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Secured Finance Documents or in any document or agreement relating to any of the Secured Finance Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Assignor pursuant to it. 16.2 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 Administrative Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (WP Prism Inc.)

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DURATION AND INDEPENDENCE. 16.1 14.1 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Secured Credit Documents or in any document or agreement relating to any of the Secured 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. 16.2 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.

Appears in 1 contract

Samples: Security Transfer Agreement (RenPac Holdings Inc.)

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