Common use of Principal and independent obligation Clause in Contracts

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.

Appears in 4 contracts

Samples: Deed of Charge (Lihir Gold LTD), Mortgage Agreement (Foster Wheeler LTD), Mortgage Agreement (Foster Wheeler LTD)

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Principal and independent obligation. This Deed and each Collateral Security deed is a principal and independent obligation. Except for stamp duty purposes, it is not ancillary or collateral to any other another document, agreement, right, obligation, Security Interest, right Interest or obligationGuarantee.

Appears in 1 contract

Samples: Deed of Guarantee and Indemnity

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