Independent payment obligations. It is hereby expressly agreed and declared by the Customer that each of its obligations to pay under any of the provisions of the Security Documents shall constitute separate and independent obligations, shall give rise to separate and independent sources of action, and shall apply irrespective of any waiver or indulgence granted by the Bank in respect of any other obligation, and shall remain in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of some other obligation and may be relied upon and enforced by the Bank independently of or simultaneously with or without having to commence any other action under such obligations or under any of the Security Documents or without having first exhausted any remedy or without having first sold or disposed of any assets, properties or undertaking which may be provided as security to the Bank from time to time.
Independent payment obligations. The Borrower and/or the Assignor expressly agrees that each of its obligations to pay or repay under this Assignment or the Security Documents –
Independent payment obligations. Amounts payable to Seller pursuant to this Agreement are unique to this Agreement and are separate and apart from payments of any kind made or to be made to Seller (or his heirs, successors or assigns) pursuant to the Employment Agreement.
Independent payment obligations. The Customer and/or the Assignor expressly agrees that each of its obligations to pay under this Assignment or the Security Documents:
Independent payment obligations. It is hereby expressly agreed and declared by the Borrower that each of its obligations to pay or to repay under any of the provisions of this Agreement, or where appropriate, any of the Security Documents constitute separate and independent obligations, shall give rise to separate and independent causes of action, shall apply irrespective of any waiver or indulgence granted by the Bank in respect of any other obligation, shall remain in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of some other obligation and may be relied upon and enforced by the Bank independently of or simultaneously with or without having to commence any other action under such obligations or under any of the Security Documents or having first exhausted any remedy or having first sold or disposed of any assets, properties or undertaking which may be provided as security to the Bank from time to time.
Independent payment obligations. The Customer and/or the Chargor expressly agree that each of its obligations to pay under this Charge or the Security Documents:-
Independent payment obligations. Your obligation to pay any amount under the Agreement is separate from each of your other obligations to pay.
Independent payment obligations a. If your employment with Fidelity is terminated by Fidelity without "cause" as described in Section 7 of the Employment Agreement such that Fidelity would be obligated to make any payment under Section 6(c) of the Employment Agreement, Bank Plus also agrees to make any such payment to you. In the event Fidelity would have no monetary obligation to you under the Employment Agreement, the Bank Plus likewise will be under no such obligation. Xxxxxxx X. Xxxxxxxxx August 1, 1997 Page 3
Independent payment obligations. TapouT will be solely responsible for all of its internal, overhead costs and expenses incurred while performing the Distribution Services, except that commissions payable to independent sales agents solely related to sales of Products shall be included as part of the costs to be deducted from Gross Revenues as described in sub-section B below. TapouT is not obligated to make any third party payments with respect to the Distribution Services nor with respect to the design, advertising, marketing or promotion of the Products that TapouT itself did not agree to pay, and it is contemplated that MPC will contract for same in its own name and make such payments directly for design, advertising, marketing and promotion of the Products. MPC, and not TapouT, will be responsible for all costs and expenses incurred before the Effective Date of this Agreement. MPC, and not TapouT, will also be responsible for all costs and expenses, incurred both before and after the Effective Date of this Agreement, related to advertising, marketing and promotion, relating to the Products.
Independent payment obligations. It is hereby expressly agreed and declared by the Customer that each of the obligations of the Customer to pay under any of the provisions of the Transaction Documents constitutes a separate and independent obligation, shall give rise to separate and independent causes of action, shall apply irrespective of any waiver or indulgence granted by MDV in respect of any other obligation, shall remain in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of some other obligation and may be relied upon and enforced by MDV independently of or simultaneously with or without having to commence any other action under such obligations or under any of the Transaction Documents or having first exhausted any remedy or having first sold or disposed of any assets which may be provided as security to MDV from time to time.
