Common use of Independent Obligation Clause in Contracts

Independent Obligation. 70 Section 12.05. Authorization.................................71 Section 12.06. Reliance......................................72 Section 12.07. Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.

Appears in 2 contracts

Samples: Global Revolving Credit Agreement (Sealed Air Corp/De), Global Revolving Credit Agreement (Sealed Air Corp/De)

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Independent Obligation. 70 Section 12.05. 83 13.05 Authorization.................................71 Section 12.06. ................................................... 84 13.06 Reliance......................................72 Section 12.07. ........................................................ 84 13.07 Subordination.................................72 Section 12.08. ................................................... 84 13.08 Waiver........................................72 Section 12.09........................................................... 84 13.09

Appears in 2 contracts

Samples: Credit Agreement (Nabisco Inc), Credit Agreement (RJR Nabisco Inc)

Independent Obligation. 70 Section 12.05. 85 13.5 Authorization.................................71 Section 12.06. ............................................. 85 13.6 Reliance......................................72 Section 12.07. .................................................. 85 13.7 Subordination.................................72 Section 12.08. ............................................. 85 13.8 Waiver........................................72 Section 12.09..................................................... 85 13.9

Appears in 2 contracts

Samples: Credit Agreement (Graphic Controls Corp), Credit Agreement (Graphic Controls Corp)

Independent Obligation. 70 Section 12.05. 103 14.05 Authorization.................................71 Section 12.06. ...................................................................................104 14.06 Reliance......................................72 Section 12.07. ........................................................................................105 14.07 Subordination.................................72 Section 12.08. ...................................................................................105 14.08 Waiver........................................72 Section 12.09...........................................................................................105 14.09

Appears in 1 contract

Samples: Credit Agreement (Universal Compression Inc)

Independent Obligation. 70 Section 12.05. 102 12.05 Authorization.................................71 Section 12.06. ........................................................................102 12.06 Reliance......................................72 Section 12.07. .............................................................................103 12.07 Subordination.................................72 Section 12.08. ........................................................................103 12.08 Waiver........................................72 Section ...............................................................................104 12.09.

Appears in 1 contract

Samples: Credit Agreement (Superior National Insurance Group Inc)

Independent Obligation. 70 Section 12.05. 121 12.06 Authorization.................................71 Section 12.06. .........................................................122 12.07 Reliance......................................72 Section 12.07. ..............................................................123 12.08 Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09..........................................................123 12.09 Waivers...............................................................123 12.10

Appears in 1 contract

Samples: Credit Agreement (Aearo Corp)

Independent Obligation. 70 71 Section 12.05. Authorization...........................................................................71 Section 12.06. Reliance.....................................................................................72 Section 12.07. Subordination...........................................................................72 Section 12.08. Waiver........................................72 .................................................73 Section 12.09.

Appears in 1 contract

Samples: Global Revolving Credit Agreement (Sealed Air Corp/De)

Independent Obligation. 70 Section 12.05. 102 13.5 Authorization.................................71 Section 12.06. ..................................................103 13.6 Reliance......................................72 Section 12.07. .......................................................104 13.7 Subordination.................................72 Section 12.08. ..................................................104 13.8 Waiver........................................72 Section 12.09..........................................................104 13.9

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

Independent Obligation. 70 Section 12.05. 115 14.05 Authorization.................................71 Section 12.06. .............................................................................115 14.06 Reliance......................................72 Section 12.07. ..................................................................................116 14.07 Subordination.................................72 Section 12.08. .............................................................................116 14.08 Waiver........................................72 Section 12.09.....................................................................................117 14.09

Appears in 1 contract

Samples: Credit Agreement (Nm Licensing LLC)

Independent Obligation. 70 55 Section 12.059.05. Authorization.................................71 ............................................... 55 Section 12.069.06. Reliance......................................72 .................................................... 55 Section 12.079.07. Subordination.................................72 ............................................... 56 Section 12.089.08. Waiver........................................72 ...................................................... 56 Section 12.099.09.

Appears in 1 contract

Samples: Short Term Revolving Credit Agreement (Foster Wheeler Corp)

Independent Obligation. 70 Section 12.05. 13.06 Authorization.................................71 Section 12.06. ................................................. 13.07 Reliance......................................72 Section 12.07. ...................................................... 13.08 Subordination.................................72 Section 12.08. ................................................. 13.09 Waiver........................................72 Section 12.09......................................................... 13.10

Appears in 1 contract

Samples: Credit Agreement (Golden Sky Systems Inc)

Independent Obligation. 70 Section 12.05. Authorization.................................71 Section 12.06. Reliance......................................72 Section 12.07. Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.100 13.05 Authorization ....................................................100 13.06 Reliance .........................................................101 13.07 Subordination ....................................................101 13.08 Waiver ...........................................................102 13.09

Appears in 1 contract

Samples: Credit Agreement (Waters Corp /De/)

Independent Obligation. 70 Section 12.05. 121 13.05 Authorization.................................71 Section 12.06. .................................................... 121 13.06 Reliance......................................72 Section 12.07. ......................................................... 122 13.07 Subordination.................................72 Section 12.08. .................................................... 122 13.08 Waiver........................................72 Section 12.09............................................................ 123 13.09

Appears in 1 contract

Samples: Credit Agreement (Wesley Jessen Visioncare Inc)

Independent Obligation. 70 Section 12.05. 115 14.05 Authorization.................................71 Section 12.06. ................................................116 14.06 Reliance......................................72 Section 12.07. .....................................................117 14.07 Subordination.................................72 Section 12.08. ................................................117 14.08 Waiver........................................72 Section 12.09........................................................117 14.09

Appears in 1 contract

Samples: Credit Agreement (Hydrochem Industrial Services Inc)

Independent Obligation. 70 Section 12.05. 131 13.05 Authorization.................................71 Section 12.06. ................................................... 132 13.06 Reliance......................................72 Section 12.07. ........................................................ 133 13.07 Subordination.................................72 Section 12.08. ................................................... 133 13.08 Waiver........................................72 Section 12.09........................................................... 133 13.09

Appears in 1 contract

Samples: Credit Agreement (Cambridge Industries Inc /De)

Independent Obligation. 70 Section 12.05. 124 14.05 Authorization.................................71 Section 12.06. ..........................................................................124 14.06 Reliance......................................72 Section 12.07. ...............................................................................125 14.07 Subordination.................................72 Section 12.08. ..........................................................................125 14.08 Waiver........................................72 Section 12.09..................................................................................125 14.09

Appears in 1 contract

Samples: Credit Agreement (Champion Aerospace Inc)

Independent Obligation. 70 Section 12.05. 124 14.05 Authorization.................................71 Section 12.06. ............................................. 124 14.06 Reliance......................................72 Section 12.07. .................................................. 126 14.07 Subordination.................................72 Section 12.08. ............................................. 126 14.08 Waiver........................................72 Section 12.09..................................................... 126 14.09

Appears in 1 contract

Samples: Credit Agreement (Atc Group Services Inc /De/)

Independent Obligation. 70 Section 12.05. 122 13.06 Authorization.................................71 Section 12.06. ....................................................................................123 13.07 Reliance......................................72 Section 12.07. .........................................................................................123 13.08 Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.....................................................................................124 13.09 Waivers..........................................................................................124 13.10

Appears in 1 contract

Samples: Credit Agreement (Aearo CO I)

Independent Obligation. 70 Section 12.05. 126 13.05 Authorization.................................71 Section 12.06. .................................................. 127 13.06 Reliance......................................72 Section 12.07. ....................................................... 128 13.07 Subordination.................................72 Section 12.08. .................................................. 128 13.08 Waiver........................................72 Section 12.09.......................................................... 128 13.09

Appears in 1 contract

Samples: Credit Agreement (Wesley Jessen Holding Inc)

Independent Obligation. 70 Section 12.0569 SECTION 9.05. Authorization.................................71 Section 12.06............................................. 69 SECTION 9.06. Reliance......................................72 Section 12.07.................................................. 70 SECTION 9.07. Subordination.................................72 Section 12.08............................................. 70 SECTION 9.08. Waiver........................................72 Section 12.09..................................................... 70 ARTICLE X Miscellaneous

Appears in 1 contract

Samples: Five Year Secured Letter of Credit Facility Agreement (Validus Holdings LTD)

Independent Obligation. 70 Section 12.05. 114 12.05 Authorization.................................71 Section 12.06. ......................................................115 12.06 Reliance......................................72 Section 12.07. ...........................................................115 12.07 Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.......................................................115 Table of Contents (continued) Page

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

Independent Obligation. 70 75 Section 12.0510.05. Authorization.................................71 ...............................................75 Section 12.0610.06. Reliance......................................72 ....................................................76 Section 12.0710.07. Subordination.................................72 ...............................................77 Section 12.0810.08. Waiver........................................72 Section 12.09.......................................................77 ARTICLE XI Miscellaneous......................................................78

Appears in 1 contract

Samples: Credit Agreement (Quanta Capital Holdings LTD)

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Independent Obligation. 70 Section 12.05. 101 14.05 Authorization.................................71 Section 12.06. ...............................................102 14.06 Reliance......................................72 Section 12.07. ....................................................102 14.07 Subordination.................................72 Section 12.08. ...............................................103 14.08 Waiver........................................72 Section 12.09.......................................................103 14.09

Appears in 1 contract

Samples: Credit Agreement (Universal Compression Holdings Inc)

Independent Obligation. 70 Section 12.05. 45 SECTION 7.07 Authorization.................................71 Section 12.06. ...........................................45 SECTION 7.08 Reliance......................................72 Section 12.07................................................46 SECTION 7.09. Subordination.................................72 Section 12.08. ..........................................46 SECTION 7.10 Waiver........................................72 Section 12.09...................................................46 SECTION 7.11

Appears in 1 contract

Samples: Credit Agreement (Panamerican Beverages Inc)

Independent Obligation. 70 96 Section 12.059.05. Authorization.................................71 ...........................................96 Section 12.069.06. Reliance......................................72 ................................................97 Section 12.079.07. Subordination.................................72 ...........................................97 Section 12.089.08. Waiver........................................72 ..................................................98 Section 12.099.09.

Appears in 1 contract

Samples: Revolving Credit Agreement (Foster Wheeler Corp)

Independent Obligation. 70 Section 12.05. 109 14.05 Authorization.................................71 Section 12.06. .............................................. 109 14.06 Reliance......................................72 Section 12.07. ................................................... 110 14.07 Subordination.................................72 Section 12.08. .............................................. 110 14.08 Waiver........................................72 Section 12.09...................................................... 110 14.09

Appears in 1 contract

Samples: Credit Agreement (Sitel Corp)

Independent Obligation. 70 Section 12.05. 107 12.05 Authorization.................................71 Section 12.06. ....................................................107 12.06 Reliance......................................72 Section 12.07. .........................................................108 12.07 Subordination.................................72 Section 12.08. ....................................................108 12.08 Waiver........................................72 Section ...........................................................109 12.09.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

Independent Obligation. 70 Section 12.05. 123 14.05 Authorization.................................71 Section 12.06. ................................................................................... 124 14.06 Reliance......................................72 Section 12.07. ........................................................................................ 124 14.07 Subordination.................................72 Section 12.08. ................................................................................... 125 14.08 Waiver........................................72 Section 12.09........................................................................................... 125 14.09

Appears in 1 contract

Samples: Credit Agreement (Big v Supermarkets Inc)

Independent Obligation. 70 Section 12.05. 124 14.05 Authorization.................................71 Section 12.06. .................................................. 125 14.06 Reliance......................................72 Section 12.07. ....................................................... 126 14.07 Subordination.................................72 Section 12.08. .................................................. 126 14.08 Waiver........................................72 Section 12.09.......................................................... 126 14.09

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Independent Obligation. 70 Section 12.05. 125 13.06 Authorization.................................71 Section 12.06. ............................................... 125 13.07 Reliance......................................72 Section 12.07. .................................................... 126 13.08 Subordination.................................72 Section 12.08. ............................................... 126 13.09 Waiver........................................72 Section 12.09....................................................... 126 13.10

Appears in 1 contract

Samples: Credit Agreement (Physician Health Corp)

Independent Obligation. 70 Section 12.05. 105 14.05 Authorization.................................71 Section 12.06. .................................................................................105 14.06 Reliance......................................72 Section 12.07. ......................................................................................106 14.07 Subordination.................................72 Section 12.08. .................................................................................106 14.08 Waiver........................................72 Section 12.09.........................................................................................106 14.09

Appears in 1 contract

Samples: Credit Agreement (Atrium Companies Inc)

Independent Obligation. 70 Section 12.05. 117 12.06 Authorization.................................71 Section 12.06. .................................................118 12.07 Reliance......................................72 Section 12.07. ......................................................118 12.08 Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09..................................................119 12.09 Waivers.......................................................119 12.10

Appears in 1 contract

Samples: Credit Agreement (Vestar Capital Partners Iv Lp)

Independent Obligation. 70 93 Section 12.05. 13.05 Authorization.................................71 ...............................94 Section 12.06. 13.06 Reliance....................................95 Section 13.07 Subordination...............................95 Section 13.08 Waiver......................................72 95 Section 12.07. Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.13.09

Appears in 1 contract

Samples: Credit Agreement (Eldertrust)

Independent Obligation. 70 Section 12.05. Authorization.................................71 Section 12.06. Reliance......................................72 Section 12.07. Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09.131 14.05 Authorization ................................................... 131 14.06 Reliance ........................................................ 133 14.07 Subordination ................................................... 133 14.08 Waiver .......................................................... 133 14.09

Appears in 1 contract

Samples: Credit Agreement (Host Marriott Corp/Md)

Independent Obligation. 70 112 Section 12.05. 10.5 Authorization.................................71 ....................................................................... 113 Section 12.06. 10.6 Reliance......................................72 Section 12.07. Subordination.................................72 Section 12.08. Waiver........................................72 Section 12.09............................................................................. 113

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co/)

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