Common use of Independence of Covenants, Etc Clause in Contracts

Independence of Covenants, Etc. Each representation, covenant or Event of Default herein shall be given independent effect so that if any action or condition would violate any of such covenants, would breach any of such representations or would constitute any of such Events of Default, the fact that such action or condition would not violate or breach, any other covenant or representation or constitute another Event of Default shall not avoid the violation of such covenant or representation or the occurrence of such Event of Default.

Appears in 5 contracts

Samples: Credit Agreement (Autobond Acceptance Corp), Credit Agreement (Autobond Acceptance Corp), Credit Agreement (Autobond Acceptance Corp)

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Independence of Covenants, Etc. Each representation, representation and covenant or Event of Default herein shall be given independent effect so that if any action or condition would violate any of such covenants, covenants or would breach any of such representations or would constitute any of such Events of Defaultrepresentations, the fact that such action or condition would not violate or breach, any other covenant or representation or constitute another Event of Default shall not avoid the violation of such covenant or representation or the occurrence of such Event of Defaultrepresentation.

Appears in 2 contracts

Samples: Security Agreement (Monaco Finance Inc), Credit Agreement (Monaco Finance Inc)

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