Common use of Independent Effect of Covenants Clause in Contracts

Independent Effect of Covenants. The Borrower expressly acknowledges and agrees that each covenant contained in Article VI shall be given independent effect. Accordingly, the Borrower shall not engage in any transaction or other act otherwise permitted under any covenant contained in Article VI, if before or after giving effect to such transaction or act the Borrower shall or would be in breach of any other covenant contained in Article VI.

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

Independent Effect of Covenants. The Holdings and the Borrower expressly acknowledges acknowledge and agrees agree that each covenant contained in Article Articles V [AFFIRMATIVE COVENANTS] or VI hereof shall be given independent effect. Accordingly, the Borrower no Loan Party shall not engage in any transaction or other act otherwise permitted under any covenant contained in Article Articles V [AFFIRMATIVE COVENANTS] or VI, if before or after giving effect to such transaction or act act, Holdings or the Borrower shall or would be in breach of any other covenant contained in Article Articles V [AFFIRMATIVE COVENANTS] or VI.

Independent Effect of Covenants. The Borrower expressly acknowledges acknowledge and agrees agree that each covenant contained in Article Articles V or VI hereof shall be given independent effect. Accordingly, the Borrower no Loan Party shall not engage in any transaction or other act otherwise permitted under any covenant contained in Article Articles V or VI, if before or after giving effect to such transaction or act act, the Borrower shall or would be in breach of any other covenant contained in Article Articles V or VI.