Principal and independent obligation. This clause 17 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation and extends to cover this agreement as amended, varied, supplemented, renewed or replaced.
Principal and independent obligation. (a) This clause 12 is:
(1) a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation; and
(2) independent of and not in substitution for or affected by any other Collateral Security which any Finance Party may hold in respect of the Secured Moneys or any obligations of any Transaction Party or any other Person.
(b) This clause 12 is enforceable against a Guarantor:
(1) without first having recourse to any Collateral Security;
(2) whether or not any Finance Party has:
(A) made demand on any Transaction Party (other than any demand specifically required to be given, or notice required to be issued, to a Guarantor under clause 12.2 or any other provision of a Transaction Document);
(B) given notice to any Transaction Party or any other Person in respect of any thing; or
(C) taken any other steps against any Transaction Party or any other Person;
(3) whether or not any Secured Moneys is then due and payable; and
(4) despite the occurrence of any event described in clause 12.12.
Principal and independent obligation. This clause is a principal and independent obligation. Except for stamp duty purposes, it is not ancillary or collateral to another document, agreement, right or obligation.
Principal and independent obligation. This Deed and each Collateral Security is a principal and independent obligation. Except for stamp duty purposes, it is not ancillary or collateral to any other Security Interest, right or obligation.
Principal and independent obligation. This clause 16 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation and extends to cover this agreement as amended, varied, supplemented, renewed or replaced.
Principal and independent obligation. This clause 9 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation and extends to cover this deed as amended, varied, supplemented, renewed or replaced.
Principal and independent obligation. Each guarantee, indemnity and other obligation of a Guarantor in this Section 4 is:
(a) a principal and independent obligation and is not ancillary, collateral or limited by reference to any other obligation; and
(b) is in addition to, and not prejudiced by, any other guarantee or Collateral now or later held by Agent or any Lender.
Principal and independent obligation. Clause 16 is:
(a) a principal obligation and is not to be treated as ancillary or collateral to another right or obligation; and
(b) independent of and not in substitution for or affected by another security interest (including, for the avoidance of all doubt, the Security) or guarantee or other document or agreement which Aurizon or another person may hold concerning the Guaranteed Obligations.
Principal and independent obligation. This guarantee is a principal and independent obligation. Except for stamp duty purposes, it is not ancillary or secondary to another right or obligation.
Principal and independent obligation. This part 14 is:
