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.)

AutoNDA by SimpleDocs

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)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!