Independent Obligations; Survival Sample Clauses

Independent Obligations; Survival. The obligations of Indemnitor under this Agreement shall survive the consummation of the credit transaction described above and the repayment of the Advances. The obligations of Indemnitor under this Agreement are separate and distinct from the obligations of Indemnitor under the Credit Documents. This Agreement may be enforced by the Administrative Agent and/or the Banks without regard to or affecting any rights and remedies the Administrative Agent and/or the Banks may have against Indemnitor under the Credit Documents and without regard to any limitations on the Administrative Agent’s or the Banks’ recourse for recovery of the Advances as may be provided in the Credit Documents. Enforcement of this Agreement is not and shall not be deemed to constitute an action for recovery of the indebtedness of the Advances.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Independent Obligations; Survival. The obligations of Borrower under this Agreement shall survive the consummation of the Loan transaction described above and the satisfaction of the Mortgage, whether by reason of the repayment of the Loan in full, the foreclosure of the Mortgage or Lender’s acceptance of a deed in lieu of foreclosure of the Mortgage. The obligations of Borrower under this Agreement are separate and distinct from the obligations of Borrower under the Loan Documents. This Agreement may be enforced by Lender without regard to any other rights and remedies Lender may have against Borrower under the Loan Documents and without regard to any limitations on Lender’s recourse as may be provided in the Loan Documents. Enforcement of this Agreement shall not be deemed to constitute an action for recovery of the Loan indebtedness nor for recovery of a deficiency judgment against Borrower following foreclosure of the Mortgage.
Sample 1Sample 2
Independent Obligations; Survival. The obligations of Indemnitor under this Agreement shall survive the expiration or termination of the Lease. The obligations of Indemnitor under this Agreement are separate and distinct from the obligations of Indemnitor's Affiliates under the Transaction Documents (including but not limited to any such obligation which may arise in connection with the Lease) but shall not be construed to
Sample 1
Independent Obligations; Survival. The obligations of Indemnitors under this Agreement shall survive the consummation and repayment of the Loan, release or foreclosure of the Security Instrument or transfer in lieu of such foreclosure. The obligations of Indemnitors under this Agreement are separate and distinct from the obligations of Indemnitors under the Loan Documents. Each Indemnitor is jointly and severally liable for the obligations of Indemnitors under this Agreement. This Agreement may be enforced by Lender without regard to any other rights and remedies Lender may have against Indemnitors under the Loan Documents or otherwise and without regard to any limitations on Lender’s recourse that may be provided in the Loan Documents. Enforcement of this Agreement by either judicial or nonjudicial action shall not be deemed to constitute an action for recovery of the Loan indebtedness nor for recovery of a deficiency judgment against Indemnitors following foreclosure of the Security Instrument.
Sample 1
Independent Obligations; Survival. The obligations of Indemnitor under this Agreement shall survive the completion of the obligations of Indemnitor under the Development Agreement. The obligations of Indemnitor under this Agreement are separate and distinct from the obligations of Indemnitor under the Documents. This Agreement may be enforced by the Owner without regard to or affecting any rights and remedies the Owner may have against Indemnitor under the Documents.
Sample 1
Independent Obligations; Survival. The obligations of Indemnitor under this Agreement shall survive the consummation of the Loan transaction described above and the satisfaction of the Mortgage, whether by reason of the repayment of the Loan in full, the foreclosure of the Mortgage or State Farm’s acceptance of a deed in lieu of foreclosure of the Mortgage. Notwithstanding the prior sentence, Indemnitor’s liability will cease five (5) years after repayment of the Loan in full, but not in the event of the foreclosure of the Mortgage or State Farm’s acceptance of a deed in lieu of foreclosure of the Mortgage. The obligations of Indemnitor under this Agreement are separate and distinct from the obligations of Indemnitor under the Loan Documents. This Agreement may be enforced by State Farm without regard to any other rights and remedies State Farm may have against Indemnitor under the Loan Documents and without regard to any limitations on State Farm’s recourse as may be provided in the Loan Documents. Enforcement of this Agreement shall not be deemed to constitute an action for recovery of the Loan indebtedness nor for recovery of a deficiency judgment against Indemnitor following foreclosure of the Mortgage.
Sample 1
Independent Obligations; Survival. The obligations of Indemnitor under this Agreement are separate and distinct from the obligations of Indemnitor under any other agreement entered into by and between Indemnitor and one or more of the Indemnified Parties. This Agreement may be enforced by the Indemnified Parties without regard to any other rights and remedies the Indemnified Parties may have against Indemnitor under any other agreement and without regard to any limitations on the Indemnified Parties’ recourse as may be provided in any other agreement.
Sample 1
AutoNDA by SimpleDocs

Related to Independent Obligations; Survival

  • Independent Obligations The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Issuer with respect to the Capital Securities and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

  • Independent Obligation The obligations of 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 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 is joined in any such action or actions.

  • Client Obligations 3.1 The Client shall:

  • Nature of Reimbursement Obligations The Borrower and, to the extent set forth in Section 2.6.1, each Lender with a Revolving Loan Commitment, shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuer (except to the extent of its own gross negligence or willful misconduct) shall not be responsible for:

  • Payment Obligations Absolute The Company’s obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against him or anyone else. Except as provided in Section 15, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Indemnity for Government Obligations The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations.

  • The Reimbursement Obligations Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall promptly notify the Borrower and the Administrative Agent thereof. Subject to Section 1.3(b) hereof, the obligation of the Borrower to reimburse the L/C Issuer for all drawings under a Letter of Credit (a “Reimbursement Obligation”) shall be governed by the Application related to such Letter of Credit, except that reimbursement shall be made by no later than 1:00 p.m. (Chicago time) on the date when each drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or before 11:00 a.m. (Chicago time) on the date when such drawing is to be paid or, if notice of such drawing is given to the Borrower after 11:00 a.m. (Chicago time) on the date when such drawing is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in immediately available funds at the Administrative Agent’s principal office in Chicago, Illinois or such other office as the Administrative Agent may designate in writing to the Borrower (who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the Borrower does not make any such reimbursement payment on the date due and the Participating Lenders fund their participations therein in the manner set forth in Section 1.3(e) below, then all payments thereafter received by the Administrative Agent in discharge of any of the relevant Reimbursement Obligations shall be distributed in accordance with Section 1.3(e) below; provided, however, if the Borrower does not make any such reimbursement payment on the due date, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans under the Revolving Credit and, subject to satisfaction of the conditions set forth in Section 7.1 except for 7.1(c) hereof, a Loan shall be made on such date in the amount of the Reimbursement Obligations then due which Loan proceeds shall be applied to pay the Reimbursement Obligations then due.

  • Payment obligations continue No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 8.1 (

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!