Common use of Separate and Independent Obligation Clause in Contracts

Separate and Independent Obligation. Each of the indemnities in this Agreement 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 indulgence granted by the Purchaser and/or the Issuer and shall continue in full force and effect despite any judgment, order, Claims or proof for a liquidated amount in respect of any sum due under this Agreement or any other judgment or order.

Appears in 8 contracts

Samples: Sale and Purchase Agreement (Nova Lifestyle, Inc.), Sale and Purchase Agreement (Nova Lifestyle, Inc.), Share Sale Agreement (Starbox Group Holdings Ltd.)

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Separate and Independent Obligation. Each of the indemnities in this Agreement 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 indulgence granted by the Purchaser and/or the Issuer and shall continue in full force and effect despite any judgment, order, Claims claims or proof for a liquidated amount in respect of any sum due under this Agreement or any other judgment or order.

Appears in 1 contract

Samples: Asset Purchase Agreement (VCI Global LTD)

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