Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists.
Independence of Covenants. All covenants under this Agreement and the other Loan Documents shall be given independent effect so that if a particular action or condition is not permitted by any such covenant, the fact that it would be permitted by an exception to, or would be otherwise allowed by, another covenant shall not avoid the occurrence of a Default if such action is taken or such condition exists.
Independence of Covenants. 99 9.8 Notices............................................................................99 9.9 Survival of Representations, Warranties and Agreements............................100 9.10 Failure or Indulgence Not Waiver; Remedies Cumulative.............................100 9.11 Marshalling; Payments Set Aside...................................................100 9.12 Severability......................................................................100 9.13 Obligations Several; Independent Nature of Lenders' Rights........................100 9.14 Headings..........................................................................101 9.15
Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is prohibited by any one of such covenants, the fact that it would be permitted by an exception to, or otherwise be in compliance within the limitations of, another covenant shall not (i) avoid the occurrence of an Event of Default or Default if such action is taken or such condition exists or (ii) in any way prejudice an attempt by the holders to prohibit (through equitable action or otherwise) the taking of any action by the Company or a Subsidiary which would result in an Event of Default or Default.
Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or be otherwise within the limitations of, another covenant shall not avoid the occurrence of an Event of Default or Unmatured Event of Default if such action is taken or condition exists, and if a particular action or condition is expressly permitted under any covenant, unless expressly limited to such covenant, the fact that it would not be permitted under the general provisions of another covenant shall not constitute an Event of Default or Unmatured Event of Default if such action is taken or condition exists.
Independence of Covenants. 82 Section 15.21
Independence of Covenants. 117 12.14. Judgment Currency...............................................................117 12.15. Forum Selection and Consent to Jurisdiction.....................................118 12.16. Waiver of Jury Trial............................................................119 SCHEDULE I - Disclosure Schedule SCHEDULE II - Lender Information SCHEDULE III - Deposit Banks SCHEDULE IV - Subordinated Intercompany Note Terms SCHEDULE V - Scheduled Letters of Credit EXHIBIT A - Form of Revolving Note EXHIBIT B-1 - Form of Borrowing Request EXHIBIT B-2 - Form of Issuance Request EXHIBIT C - Form of Continuation/Conversion Notice EXHIBIT D - Form of Compliance Certificate EXHIBIT E - Form of Borrowing Base Certificate EXHIBIT F-1 - Form of Parent Pledge Agreement EXHIBIT F-2 - Form of Borrower Pledge Agreement EXHIBIT F-3 - Form of Subsidiary Pledge Agreement EXHIBIT G-1 - Form of Borrower Security Agreement EXHIBIT G-2 - Form of Subsidiary Security Agreement EXHIBIT G-3 - Form of Parent Security Agreement EXHIBIT H - Form of Subsidiary Guaranty EXHIBIT I-1 - Form of Borrower Closing Date Certificate EXHIBIT I-2 - Form of Parent Closing Date Certificate EXHIBIT J - Form of Lender Assignment Agreement EXHIBIT K-1 - Form of Opinion of Special Counsel to the Obligors EXHIBIT K-2 - Form of Opinion of Counsel to the Borrower EXHIBIT K-3 - Form of Opinion of Counsel to the Parent CREDIT AGREEMENT THIS CREDIT AGREEMENT, dated as of April 29, 1997, among BUDGET RENT A CAR CORPORATION, a Delaware corporation (the "Borrower"), BUDGET GROUP, INC. (formerly known as Team Rental Group, Inc.), a Delaware corporation (the "Parent"), the various financial institutions as are or may become parties hereto (collectively, the "Lenders"), NATIONSBANC CAPITAL MARKETS, INC. ("NationsBanc"), as a co-syndication agent (in such capacity, a "Co-Syndication Agent") for the Lenders and as the documentation agent (in such capacity, the "Documentation Agent") for the Lenders, and CREDIT SUISSE FIRST BOSTON ("Credit Suisse First Boston"), as a co-syndication agent (in such capacity, a "Co- Syndication Agent" and, together with NationsBanc, collectively, the "Co-Syndication Agents") for the Lenders, as administrative agent (in such capacity, the "Administrative Agent") for the Lenders and as the arranger (in such capacity, the "Arranger").
Independence of Covenants. Each covenant contained in this Indenture shall be construed (absent an express provision to the contrary) as being independent of each other covenant, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant.
Independence of Covenants. 168 10.8 Notices....................................................... 169 10.9 Survival of Representations, Warranties and Agreements.....
Independence of Covenants. 187 11.17. Currency Indemnity.........................................187 Annex I - List of Banks Annex II - Bank Addresses Annex III - Agreement relating to U.K. Swingline Loans Schedule 1.08(b) - Calculation of MLA Cost Schedule 1.16 - Acceptances Provisions Schedule 4.01(u)(i) - List of Mortgaged Real Property Schedule 5.04 - Litigation Schedule 5.06 - Governmental Approvals Schedule 5.13 - Tax Returns Schedule 5.15 - Subsidiaries Schedule 5.19 - Securities Schedule 5.20 - Schedule of Collective Bargaining Agreements Schedule 5.21(a) - Schedule of Existing Debt Schedule 5.21(b) - Prior Liens Schedule 5.22 - Environmental Schedule 6.01(i) - Summary of Corporate Insurance Policies Schedule 7.06(j) - Joint Venture Commitments Schedule 7.18(viii) - Schedule of Existing Guarantees and Letters of Credit Exhibit A-1 - Form of A Term Note Exhibit A-2 - Form of B Term Note Exhibit A-3 - Form of Acquisition Term Note Exhibit B-1 - Form of Revolving Note Exhibit B-2 - Form of U.S. Swingline Note Exhibit B-3 - Form of U.K. Swingline Note Exhibit B-4 - Form of Canadian Swingline Note Exhibit C-1 - Form of Opinion of Akin, Gump, Strauss, Xxxxx & Xxxx, L.L.P. Exhibit C-2 - Form of Opinion of Linklater & Paines Exhibit C-3(a) - Form of Opinion of XxXxxxxx Xxxxxxxx Exhibit C-3(b) - Form of Opinion of Patterson, Palmer, Hunt, Murphy Exhibit C-4 - Form of Local Counsel Opinions Exhibit D - Form of Mortgage Exhibit E-1 - Form of Holdings Guarantee Exhibit E-2 - Form of U.S. Subsidiary Guarantee Exhibit E-3 - Form of Canadian Guarantee Exhibit F-1 - Form of U.S. Security Agreement Exhibit G-1 - Form of U.K. Security Document and Guarantee Exhibit G-2 - Form of Canadian Security Agreement Exhibit G-3 - Form of Scotland Instrument of Change and Guarantee Exhibit H-1 - Form of Canadian Securities Pledge Agreement Exhibit H-2 - Form of Mexican Stock Pledge Agreement Exhibit H-3 - Form of U.K. Deed of Pledge Exhibit I-1 - Form of Notice of Assignment Exhibit I-2 - Form of Assignment and Assumption Agreement Exhibit J - Form of Notice of Borrowing Exhibit K - Form of Notice of Continuation/Conversion Exhibit L - Form of Borrowing Base Certificate Exhibit M - Form of Officers' Certificate Regarding Environmental Review Exhibit N - Form of Officers' Solvency Certificate Exhibit O - Form of Officers' Certificate Regarding Satisfaction of Conditions Precedent Exhibit P - Form of Section 3.04 Certificate Exhibit Q - Form of Intercreditor Agreement CREDIT AGREEMENT, dated as of March 3...
