Common use of Nature of indemnities Clause in Contracts

Nature of indemnities. Each of the indemnities in this clause 19 constitutes a separate and independent obligation from the other obligations in this Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any time or indulgence granted by the Agent or any Lender and shall continue in full force and effect notwithstanding any order, judgment, claim or proof for a liquidated amount in respect of any sum due under this Agreement or any other judgment or order.

Nature of indemnities. 19.5 Each of the indemnities in this clause Clause 19 (Indemnities) constitutes a separate and independent obligation from the other obligations in this Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any time or indulgence granted by the Agent or any Lender and shall continue in full force and effect notwithstanding any order, judgment, claim or proof for a liquidated amount in respect of any sum due under this Agreement or any other judgment or order.