Common use of Independent Obligation Clause in Contracts

Independent Obligation. The obligations of the Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.

Appears in 7 contracts

Samples: Sea Containers LTD /Ny/, Credit Agreement (RJR Nabisco Inc), Credit Agreement (Rj Reynolds Tobacco Holdings Inc)

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Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor or the any Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the any Borrower and whether or not any other guarantor Guarantor or the any Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the any Borrower or other circumstance which operates to toll any statute of limitations as to the such Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 7 contracts

Samples: Credit Agreement (Artesyn Technologies Inc), Assignment and Assumption Agreement (Sealed Air Corp/De), Credit Agreement (Foster Wheeler LTD)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 4 contracts

Samples: Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor Guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance circumstances which operates operate to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 4 contracts

Samples: Credit and Guarantee Agreement (Northwest Airlines Corp), Credit and Guarantee Agreement (Northwest Airlines Corp), Northwest Airlines Corp

Independent Obligation. The obligations of the each Guarantor ---------------------- hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 3 contracts

Samples: Credit Agreement (Coinmach Laundry Corp), Credit Agreement (Coinmach Corp), Credit Agreement (Coinmach Laundry Corp)

Independent Obligation. The obligations of the each Parent Guarantor hereunder are independent of the obligations of any other guarantor Parent Guarantor, any other guarantor, any other party or the Borrower, and a separate action or actions may be brought and prosecuted against the each Parent Guarantor whether or not action is brought against any other guarantor Parent Guarantor, any other guarantor, any other party or the Borrower and whether or not any other guarantor guarantor, any other party or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the any Parent Guarantor.

Appears in 2 contracts

Samples: Pledge Agreement (Pool Energy Services Co), Credit Agreement (Pool Energy Services Co)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor Guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor. Section 9.05.

Appears in 2 contracts

Samples: Pledge Agreement Pledge Agreement (Foster Wheeler Corp), Pledge Agreement (Foster Wheeler Corp)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor Guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Foster Wheeler Corp), Credit Agreement (Foster Wheeler Corp)

Independent Obligation. The obligations of the Guarantor ---------------------- hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.

Appears in 1 contract

Samples: Assignment Agreement (RJR Nabisco Inc)

Independent Obligation. The obligations of the Guarantor ---------------------- hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall shall, to the fullest extent permitted by law, operate to toll the statute of limitations as to the Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor Guarantor or the Borrower and whether or not any other guarantor Guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates circumstances that operate to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Northwest Airlines Corp)

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Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower any Guarantor or other circumstance which operates to toll any statute of limitations as to the Borrower such Guarantor shall operate to toll the statute of limitations as to the Borrower and each Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Ensco International Inc)

Independent Obligation. The obligations of the Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall shall, to the fullest extent permitted by law, operate to toll the statute of limitations as to the Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

Independent Obligation. The obligations of the Guarantor hereunder are ---------------------- independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall shall, to the fullest extent permitted by law, operate to toll the statute of limitations as to the Guarantor.

Appears in 1 contract

Samples: Intercreditor Agreement (Jorgensen Earle M Co /De/)

Independent Obligation. The obligations of the each Subsidiary Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Subsidiary Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Subsidiary Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Subsidiary Guarantor.. CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Affiliated Computer Services Inc)

Independent Obligation. The obligations of the each Subsidiary Guarantor hereunder are independent of the obligations of any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against the each Subsidiary Guarantor whether or not action is brought against any other guarantor or the Borrower and whether or not any other guarantor or the Borrower be joined in any such action or actions. The Each Subsidiary Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Subsidiary Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Computer Services Inc)

Independent Obligation. The obligations of the each Guarantor hereunder are independent of the obligations of any other guarantor guarantor, any other party or the BorrowerCompany, and a separate action or actions may be brought and prosecuted against the each Guarantor whether or not action is brought against any other guarantor guarantor, any other party or the Borrower Company and whether or not any other guarantor guarantor, any other party or the Borrower Company be joined in any such action or actions. The Each Guarantor waives, to the fullest full extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower Company or other circumstance which operates to toll any statute of limitations as to the Borrower Company shall operate to toll the statute of limitations as to the each Guarantor.

Appears in 1 contract

Samples: Unit Purchase Agreement (GPPW Inc)

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