Common use of Independent Obligation Clause in Contracts

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9

Independent Obligation. 96 12.5 44 SECTION 7.07 Authorization.................................................................................................... 96 12.6 ............................................................................44 SECTION 7.08 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 .................................................................................45 SECTION 7.09 Waiver........................................................................................................... 97 12.9...................................................................................45

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9131 14.05 Authorization ................................................................................................................................ 131 14.06 Reliance ........................................................................................................................................ 132 14.07 Subordination ................................................................................................................................ 132 14.08 Waiver ........................................................................................................................................... 132 14.09

Independent Obligation. 96 12.5 138 13.05 Authorization.................................................................................................... 96 12.6 .......................................................138 13.06 Reliance......................................................................................................... 97 12.7 ............................................................139 13.07 Subordination.................................................................................................... 97 12.8 .......................................................139 13.08 Waiver........................................................................................................... 97 12.9..............................................................140 13.09

Independent Obligation. 96 12.5 69 15.5 Authorization.................................................................................................... 96 12.6 ..................................................................................69 15.6 Reliance......................................................................................................... 97 12.7 .......................................................................................69 15.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9..................................................................................69 15.8 Waivers; Consents..............................................................................69 15.9 Limitation.....................................................................................71 15.10

Independent Obligation. 96 12.5 158 14.05 Authorization.................................................................................................... 96 12.6 .....................................158 14.06 Reliance......................................................................................................... 97 12.7 ..........................................159 14.07 Subordination.................................................................................................... 97 12.8 .....................................159 14.08 Waiver........................................................................................................... 97 12.9............................................160 14.09

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9144 14.05 Authorization .............................................. 144 14.06 Reliance ................................................... 146 14.07 Subordination .............................................. 146 14.08 Waiver ..................................................... 146 14.09 Maximum Liability .......................................... 147 (v) 7

Independent Obligation. 96 12.5 153 13.05 Authorization.................................................................................................... 96 12.6 .....................................154 13.06 Reliance......................................................................................................... 97 12.7 ..........................................155 13.07 Subordination.................................................................................................... 97 12.8 .....................................155 13.08 Waiver........................................................................................................... 97 12.9............................................155 13.09

Independent Obligation. 96 12.5 78 12.06 Authorization.................................................................................................... 96 12.6 ....................................................................................78 12.07 Reliance......................................................................................................... 97 12.7 .........................................................................................79 12.08 Subordination.................................................................................................... 97 12.8 ....................................................................................79 12.09 Waiver........................................................................................................... 97 12.9...........................................................................................80 12.10

Independent Obligation. 96 12.5 136 14.05 Authorization.................................................................................................... 96 12.6 ................................................137 14.06 Reliance......................................................................................................... 97 12.7 .....................................................138 14.07 Subordination.................................................................................................... 97 12.8 ................................................138 14.08 Waiver........................................................................................................... 97 12.9.......................................................138 14.09

Independent Obligation. 96 12.5 81 14.03 Authorization.................................................................................................... 96 12.6 .................................................81 14.04 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9......................................................82 14.05

Independent Obligation. 96 12.5 142 13.5 Authorization.................................................................................................... 96 12.6 .....................................................................................142 13.6 Reliance......................................................................................................... 97 12.7 ..........................................................................................143 13.7 Subordination.................................................................................................... 97 12.8 .....................................................................................143 13.8 Waiver........................................................................................................... 97 12.9............................................................................................144 13.9

Independent Obligation. 96 12.5 150 13.05 Authorization.................................................................................................... 96 12.6 ........................................................................150 13.06 Reliance......................................................................................................... 97 12.7 .............................................................................151 13.07 Subordination.................................................................................................... 97 12.8 ........................................................................151 13.08 Waiver........................................................................................................... 97 12.9...............................................................................152 (v)

Independent Obligation. 96 12.5 149 13.05 Authorization.................................................................................................... 96 12.6 .......................................................................... 150 13.06 Reliance......................................................................................................... 97 12.7 ............................................................................... 151 13.07 Subordination.................................................................................................... 97 12.8 .......................................................................... 151 13.08 Waiver........................................................................................................... 97 12.9................................................................................. 151 13.09 Enforcement............................................................................ 152 SECTION 14. Miscellaneous.......................................................................... 152

Independent Obligation. 96 12.5 262 14.05 Authorization.................................................................................................... 96 12.6 ........................................................................... 262 14.06 Reliance......................................................................................................... 97 12.7 ................................................................................ 263 14.07 Subordination.................................................................................................... 97 12.8 ........................................................................... 263 14.08 Waiver........................................................................................................... 97 12.9.................................................................................. 264 14.09 Payments................................................................................ 266

Independent Obligation. 96 12.5 60 9.5 Authorization.................................................................................................... 96 12.6 . ............................................................................................61 9.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ......................................................................................................62 9.7 Waiver........................................................................................................... 97 12.9........................................................................................................62 9.8 Acknowledgement. ....................................................................................63 9.9 Payments....................................................................................................63

Independent Obligation. 96 12.5 135 16.06 Authorization.................................................................................................... 96 12.6 ................................................................................ 135 16.07 Reliance......................................................................................................... 97 12.7 ..................................................................................... 136 16.08 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9................................................................................ 136 16.09 Waivers...................................................................................... 136 16.10

Independent Obligation. 96 12.5 156 13.5 Authorization.................................................................................................... 96 12.6 .......................................................................... 156 13.6 Reliance......................................................................................................... 97 12.7 ............................................................................... 157 13.7 Subordination.................................................................................................... 97 12.8 .......................................................................... 157 13.8 Waiver........................................................................................................... 97 12.9................................................................................. 157 13.9

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.982 9.5 Authorization ................................................................................................................... 82 9.6 Reliance ........................................................................................................................... 82 9.7 Waiver .............................................................................................................................. 82 9.8

Independent Obligation. 96 12.5 72 10.05 Authorization.................................................................................................... 96 12.6 ..................................................................................73 10.06 Reliance......................................................................................................... 97 12.7 .......................................................................................73 10.07 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9..................................................................................73 10.08

Independent Obligation. 96 12.5 139 13.06 Authorization.................................................................................................... 96 12.6 ...............................................................140 13.07 Reliance......................................................................................................... 97 12.7 ....................................................................140 13.08 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9...............................................................141 13.09 Waivers.....................................................................141 13.10 Guaranty Continuing.........................................................142 13.11 Binding Nature of Guaranties................................................142 13.12 Judgments Binding...........................................................142

Independent Obligation. 96 12.5 68 15.5 Authorization.................................................................................................... 96 12.6 ..................................................................................69 15.6 Reliance......................................................................................................... 97 12.7 .......................................................................................69 15.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9..................................................................................69 15.8 Waivers; Consents..............................................................................69 15.9 Limitation.....................................................................................70 15.10

Independent Obligation. 96 12.5 233 14.05 Authorization.................................................................................................... 96 12.6 ................................................................ 233 14.06 Reliance......................................................................................................... 97 12.7 ..................................................................... 234 14.07 Subordination.................................................................................................... 97 12.8 ................................................................ 234 14.08 Waiver........................................................................................................... 97 12.9....................................................................... 235

Independent Obligation. 96 12.5 195 14.05 Authorization.................................................................................................... 96 12.6 ....................................................................................... 195 14.06 Reliance......................................................................................................... 97 12.7 ............................................................................................ 196 14.07 Subordination.................................................................................................... 97 12.8 ....................................................................................... 196 14.08 Waiver........................................................................................................... 97 12.9.............................................................................................. 197 14.09 Payments............................................................................................ 199

Independent Obligation. 96 12.5 170 14.5 Authorization.................................................................................................... 96 12.6 .................................................................................170 14.6 Reliance......................................................................................................... 97 12.7 ......................................................................................171 14.7 Subordination.................................................................................................... 97 12.8 .................................................................................172 14.8 Waiver........................................................................................................... 97 12.9........................................................................................172 14.9

Independent Obligation. 96 12.5 98 14.05 Authorization.................................................................................................... 96 12.6 ..................................................................................98 14.06 Reliance......................................................................................................... 97 12.7 .......................................................................................99 14.07 Subordination.................................................................................................... 97 12.8 .................................................................................100 14.08 Waiver........................................................................................................... 97 12.9........................................................................................100 14.09

Independent Obligation. 96 12.5 68 11.5 Authorization.................................................................................................... 96 12.6 ...................................................................... 68 11.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ........................................................................... 68 11.7 Waiver........................................................................................................... 97 12.9............................................................................. 68 11.8

Independent Obligation. 95 11.05 Authorization..................................................................................95 11.06 Reliance.......................................................................................96 12.5 Authorization.................................................................................................... 11.07 Subordination..................................................................................96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 11.08 Waiver........................................................................................................... 97 12.9.........................................................................................96 11.09

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.960 SECTION 8.05 Authorization ...........................................................................................60 SECTION 8.06 Reliance ....................................................................................................61 SECTION 8.07 Subordination ...........................................................................................61 SECTION 8.08 Waiver ......................................................................................................61 SECTION 8.09

Independent Obligation. 96 12.5 153 13.05 Authorization.................................................................................................... 96 12.6 ..................................................................................................... 154 13.06 Reliance......................................................................................................... 97 12.7 .......................................................................................................... 155 13.07 Subordination.................................................................................................... 97 12.8 ..................................................................................................... 155 13.08 Waiver........................................................................................................... 97 12.9............................................................................................................ 155 13.09

Independent Obligation. 96 12.5 69 11.5 Authorization.................................................................................................... 96 12.6 ................................................................... 69 11.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ........................................................................ 69 11.7 Waiver........................................................................................................... 97 12.9.......................................................................... 70 11.8

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9233 14.05 Authorization .................................................. 233 14.06 Reliance ....................................................... 234 14.07 Subordination .................................................. 234

Independent Obligation. 96 12.5 87 9.5 Authorization.................................................................................................... 96 12.6 ..............................................87 9.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ...................................................88 9.7 Waiver........................................................................................................... 97 12.9.....................................................88 9.8

Independent Obligation. 96 12.5 60 9.5 Authorization.................................................................................................... 96 12.6 . ............................................................................................60 9.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ......................................................................................................61 9.7 Waiver........................................................................................................... 97 12.9........................................................................................................61 9.8 Acknowledgement. ....................................................................................62 9.9 Payments....................................................................................................62

Independent Obligation. 96 12.5 166 11.5 Authorization.................................................................................................... 96 12.6 ......................................................166 11.6 Reliance......................................................................................................... 97 12.7 ...........................................................167 11.7 Subordination.................................................................................................... 97 12.8 ......................................................167 11.8 Waiver........................................................................................................... 97 12.9.............................................................167 11.9 Maximum Liability..................................................168 (iv)

Independent Obligation. 96 12.5 173 14.05 Authorization.................................................................................................... 96 12.6 ..................................................173 14.06 Reliance......................................................................................................... 97 12.7 .......................................................174 14.07 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9..................................................174 14.08 Waivers........................................................175 14.09

Independent Obligation. 96 12.5 158 14.05 Authorization.................................................................................................... 96 12.6 ..................................................................................................... 158 14.06 Reliance......................................................................................................... 97 12.7 .......................................................................................................... 159 14.07 Subordination.................................................................................................... 97 12.8 ..................................................................................................... 159 14.08 Waiver........................................................................................................... 97 12.9............................................................................................................ 160 14.09

Independent Obligation. 96 12.5 69 11.5 Authorization.................................................................................................... 96 12.6 ........................................................69 11.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 .............................................................69 11.7 Waiver........................................................................................................... 97 12.9...............................................................70 11.8

Independent Obligation. 96 93 12.5 Authorization.................................................................................................... 96 Authorization ..................................................... 93 12.6 Reliance......................................................................................................... 97 Reliance .......................................................... 94 12.7 Subordination.................................................................................................... 97 Subordination ..................................................... 94 12.8 Waiver........................................................................................................... 97 Waiver ............................................................ 95 12.9

Independent Obligation. 96 12.5 135 13.05 Authorization.................................................................................................... 96 12.6 ....................................................... 135 13.06 Reliance......................................................................................................... 97 12.7 ............................................................ 136 13.07 Subordination.................................................................................................... 97 12.8 ....................................................... 136 13.08 Waiver........................................................................................................... 97 12.9.............................................................. 137 13.09

Independent Obligation. 96 12.5 167 15.03 Authorization.................................................................................................... 96 12.6 .......................................................................... 167 15.04 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ............................................................................... 167 15.05 Contribution; Subrogation.............................................................. 167 15.06 Waiver........................................................................................................... 97 12.9................................................................................. 168

Independent Obligation. 96 12.5 135 12.06 Authorization.................................................................................................... 96 12.6 ...............................................................135 12.07 Reliance......................................................................................................... 97 12.7 ....................................................................136 12.08 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9...............................................................136 12.09 Waivers.....................................................................137 12.10

Independent Obligation. 96 12.5 71 14.05 Authorization.................................................................................................... 96 12.6 .................................................................. 71 14.06 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9....................................................................... 72 14.07

Independent Obligation. 96 12.5 86 13.05 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 ............................................................................... 86 13.06 Reliance ................................................................................... 87 13.07 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9............................................................................... 87 13.08 Waiver ..................................................................................... 88

Independent Obligation. 96 12.5 157 14.05 Authorization.................................................................................................... 96 12.6 .......................................... 158 14.06 Reliance......................................................................................................... 97 12.7 .............................................. 159 14.07 Subordination.................................................................................................... 97 12.8 .......................................... 159 14.08 Waiver........................................................................................................... 97 12.9................................................. 159 14.09

Independent Obligation. 96 12.5 60 14.05 Authorization.................................................................................................... 96 12.6 ................................................... 60 14.06 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9........................................................ 61 14.07

Independent Obligation. 96 12.5 160 10.5 Authorization.................................................................................................... 96 12.6 ............................................................................160 10.6 Reliance......................................................................................................... 97 12.7 .................................................................................161 10.7 Subordination.................................................................................................... 97 12.8 ............................................................................162 10.8 Waiver........................................................................................................... 97 12.9...................................................................................162 SECTION 11

Independent Obligation. 96 12.5 Authorization.................................................................................................... 96 12.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 51 9.7. Authorization ....................................................51 9.8. Reliance .........................................................52 9.9. Subordination ....................................................52 9.10. Waiver........................................................................................................... 97 12.9. ..........................................................53 9.11.

Independent Obligation. 96 12.5 70 10.5 Authorization.................................................................................................... 96 12.6 ...............................................71 10.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ....................................................71 10.7 Waiver........................................................................................................... 97 12.9......................................................71 10.8

Independent Obligation. 96 12.5 54 13.5 Authorization.................................................................................................... 96 12.6 ..................................................................................54 13.6 Reliance......................................................................................................... 97 12.7 .......................................................................................54 13.7 Subordination.................................................................................................... 97 12.8 Waiver........................................................................................................... 97 12.9..................................................................................54 13.8

Independent Obligation. 96 12.5 66 11.5 Authorization.................................................................................................... 96 12.6 ...................................................................67 11.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 ........................................................................67 11.7 Waiver........................................................................................................... 97 12.9..........................................................................67 11.8

Independent Obligation. 96 12.5 161 15.05 Authorization.................................................................................................... 96 12.6 .......................................... 162 15.06 Reliance......................................................................................................... 97 12.7 ............................................... 163 15.07 Subordination.................................................................................................... 97 12.8 .......................................... 163 15.08 Waiver........................................................................................................... 97 12.9................................................. 163 15.09

Independent Obligation. 96 150 12.5 Authorization.................................................................................................... 96 ..............................................150 12.6 Reliance......................................................................................................... 97 ...................................................151 12.7 Subordination.................................................................................................... 97 ..............................................151 12.8 Waiver........................................................................................................... 97 .....................................................151 12.9

Independent Obligation. 96 12.5 54 9.7. Authorization.................................................................................................... 96 12.6 ..................................................................................54 9.8. Reliance......................................................................................................... 97 12.7 .......................................................................................55 9.9. Subordination.................................................................................................... 97 12.8 ..................................................................................56 9.10. Waiver........................................................................................................... 97 12.9.........................................................................................56 9.11.

Independent Obligation. 96 12.5 80 10.07 Authorization.................................................................................................... 96 12.6 ....................................................................................... 81 10.08 Reliance......................................................................................................... 97 12.7 ............................................................................................ 82 10.09 Subordination.................................................................................................... 97 12.8 ....................................................................................... 82 10.10 Waiver........................................................................................................... 97 12.9.............................................................................................. 82 10.11

Independent Obligation. 96 12.5 67 11.5 Authorization.................................................................................................... 96 12.6 ........................................................68 11.6 Reliance......................................................................................................... 97 12.7 Subordination.................................................................................................... 97 12.8 .............................................................68 11.7 Waiver........................................................................................................... 97 12.9...............................................................68 11.8

Independent Obligation. 96 12.5 97 13.5 Authorization.................................................................................................... 96 12.6 ............................................................................ 98 13.6 Reliance......................................................................................................... 97 12.7 ................................................................................. 98 13.7 Subordination.................................................................................................... 97 12.8 ............................................................................ 99 13.8 Waiver........................................................................................................... 97 12.9................................................................................... 99 13.9

Independent Obligation. 96 12.5 23 9.05 Authorization.................................................................................................... 96 12.6 .............................................. 23 9.06 Reliance......................................................................................................... 97 12.7 ................................................... 24 9.07 Subordination.................................................................................................... 97 12.8 .............................................. 24 9.08 Waiver........................................................................................................... 97 12.9..................................................... 24 9.09