Principal obligations. This agreement and each Collateral Security is: (a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and (b) independent of, and unaffected by, any other Encumbrance or other obligation which any Finance Party may hold at any time in respect of the Secured Moneys.
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Samples: Term Facility Agreement (Paringa Resources LTD), Project Facility Agreement (Paringa Resources LTD), Facility Agreement (Bullfrog Gold Corp.)
Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
(b) independent of, and unaffected by, any other Encumbrance or other obligation which any Senior Finance Party may hold at any time in respect of the Secured Moneys.
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Samples: Syndicated Multi Currency Senior Facilities Agreement (Worldwide Restaurant Concepts Inc)
Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
and (b) independent of, and unaffected by, any other Encumbrance or other obligation which any Finance Party may hold at any time in respect of the Secured Moneys.
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Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; and
(b) independent of, and unaffected by, any other Encumbrance or other obligation which any a Finance Party may hold at any time in respect of the Secured Moneys.
Appears in 1 contract
Samples: Syndicated Convertible Loan Facility Agreement (Samson Oil & Gas LTD)
Principal obligations. This agreement and each Collateral Security is:
(a) a principal obligation and is not ancillary or collateral to any other Encumbrance (other than another Collateral Security) or other obligation; andand 17 Saving provisions
(b) independent of, and unaffected by, any other Encumbrance or other obligation which any Finance Party may hold at any time in respect of the Secured Moneys.
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