Common use of Indemnities separate Clause in Contracts

Indemnities separate. The indemnities in these presents constitute separate and independent obligations from the other obligations in these presents and the other Current Issuer Transaction Documents, will give rise to separate and independent causes of action, will apply irrespective of any indulgence granted by the Note Trustee and/or any Noteholder or other Current Issuer Secured Creditor and will continue in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of any sum due under these presents, the Current Issuer Notes, any other Current Issuer Transaction Documents or any other judgment or order. Any such loss as referred to in Clause 13.1 (Currency and Indemnity) shall be deemed to constitute a loss suffered by the Note Trustee, the Noteholders or the relevant Current Issuer Secured Creditors and no proof or evidence of any actual loss shall be required by the Current Issuer or its liquidator or liquidators.

Appears in 17 contracts

Samples: Granite Mortgages 03-3 PLC, Granite Mortgages 03-2 PLC, Granite Mortgages 03-3 PLC

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