Common use of Independent Effect of Covenants Clause in Contracts

Independent Effect of Covenants. Holdings and the Borrower expressly acknowledge and agree that each covenant contained in Articles V or VI hereof shall be given independent effect. Accordingly, noneither Holdings nor the Borrower nor any other Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any transaction or other act otherwise permitted under any covenant contained in Articles V or VI, before or after giving effect to such transaction or act, Holdings or, the Borrower or any other Loan Party shall or would be in breach of any other covenant contained in Articles V or VI.

Independent Effect of Covenants. Holdings and the Borrower expressly acknowledge and agree that each covenant contained in Articles V [AFFIRMATIVE COVENANTS] or VI hereof shall be given independent effect. Accordingly, noneither Holdings nor the Borrower nor any other no Loan Party shall, nor shall it permit any of its Subsidiaries to, engage in any transaction or other act otherwise permitted under any covenant contained in Articles V [AFFIRMATIVE COVENANTS] or VI, before or after giving effect to such transaction or act, Holdings or, or the Borrower or any other Loan Party shall or would be in breach of any other covenant contained in Articles V [AFFIRMATIVE COVENANTS] or VI.

Independent Effect of Covenants. Holdings and the The Borrower expressly acknowledge acknowledges and agree agrees that each covenant contained in Articles V or Article VI hereof shall be given independent effect. Accordingly, noneither Holdings nor the Borrower nor any other Loan Party shall, nor shall it permit any of its Subsidiaries to, not engage in any transaction or other act otherwise permitted under any covenant contained in Articles V or Article VI, if before or after giving effect to such transaction or act, Holdings or, act the Borrower or any other Loan Party shall or would be in breach of any other covenant contained in Articles V or Article VI.

Independent Effect of Covenants. Holdings and the The Borrower expressly acknowledge acknowledges and agree agrees that each covenant contained in Articles Article V or Article VI hereof shall be given independent effect. Accordingly, noneither Holdings nor the Borrower nor any other Loan Party shall, nor shall it permit any of its Subsidiaries to, not engage in any transaction or other act otherwise permitted under any covenant contained in Articles Article V or Article VI, before or after giving effect to such transaction or act, Holdings or, the Borrower or any other Loan Party shall or would be in breach of any other covenant contained in Articles Article V or Article VI.