Separate debt. With respect to debts incurred prior to the marriage, each Party’s pre-existing debts or obligations listed in Exhibit A and Exhibit B will remain as the respective Party’s sole responsibility during and after the marriage. Any increase in the value of the pre-existing debts or obligations will also remain the sole responsibility of the respective Party. However, the following debts or obligations will be considered the marital debt of both Parties:
Separate debt. With respect to any debts or obligations incurred during marriage, any debts or obligations incurred by either Party during the marriage will be such Party’s sole responsibility, and the other Party will not assume or become responsible for such debts or obligations without his or her written consent. Each Party will indemnify the other Party and be responsible for all related expenses including attorney’s fees if a debt or obligation is asserted as a claim or demand against the other Party’s property. However, the following debts or obligations will be considered the marital debt of both Parties: All debts and obligations that are incurred by both Parties jointly will be treated as marital debt and will be the obligation of both Parties equally or as otherwise designated in a writing signed by both Parties.
Separate debt. Any amount due from the Account Party under this Clause 19 shall be due as a separate debt and shall not be affected by judgment being obtained for any other sums due under or in respect of this Agreement.
Separate debt. Any amount due by the Borrower to the Lender as a consequence of the application of this clause will be due as a separate debt. It will not be affected in any way by any judgment being obtained for any other sum due under this Agreement.
Separate debt. Any amount due from the Borrower under this Clause 23 shall be due as a separate debt and shall not be affected by judgment being obtained for any other sums due under or in respect of this Agreement.
Separate debt. With respect to debts incurred prior to the marriage, each Party’s pre-existing debts or obligations listed in Exhibit A and Exhibit B will remain as the respective Party’s sole responsibility during and after the marriage, except for the following debts, which will be considered the marital debt of both Parties: _________________________________________________________________________ ___________________________________________________________________________ (Optional). Except for the debts stated above, any increase in the value of the pre-existing debts or obligations will also remain the sole responsibility of the respective Party. Each Party will indemnify the other Party and be responsible for all related expenses including attorney’s fees if a debt or obligation is asserted as a claim or demand against the other Party’s property.
Separate debt. Holdco, KCP&L, and Westar shall maintain separate debt so that Westar will not be liable (directly or through guarantees, cross-defaults or other provisions) for the debts of Holdco, KCP&L, or GMO or other subsidiaries of Holdco (excluding Westar and subsidiaries of Westar), and KCP&L, GMO and other subsidiaries of Holdco (excluding Westar and subsidiaries of Westar) will not be liable (directly or through guarantees, cross-defaults or other provisions) for the debts of Westar. For the avoidance of doubt, consistent with past practice, Westar may guarantee certain obligations of its subsidiaries, and subsidiaries of Westar may guarantee certain obligations of Westar. Holdco, KCP&L, and Westar shall also maintain adequate capacity under revolving credit facilities and commercial paper, if any, which capacity may be administered on a combined basis provided that capacity maintained for KCP&L and Westar shall be exclusively dedicated to the benefit of KCP&L and Xxxxxx, pricing is separated by entity, and that (i) Westar neither guarantees the debt of Holdco, KCP&L, GMO or other subsidiaries of GPE (excluding Westar and subsidiaries of Westar) nor is subject to a cross-default for such debt and (ii) Holdco, KCP&L, GMO and other subsidiaries of GPE (excluding Westar and subsidiaries of Westar) neither guarantee the debt of Westar nor are subject to a cross-default for such debt.
Separate debt. Any amount due by the borrower to the lender as a consequence of the application of this cl 14 will be due as a separate debt. It will not be affected in any way by any judgment being obtained for any other sum due under this agreement. SAMPLE
Separate debt. Berkshire will maintain separate debt, so that Berkshire will not be responsible for the debts of affiliated companies.
Separate debt. With respect to any debts or obligations incurred during marriage, any debts or obligations incurred by either Party during the marriage will be such Party’s sole responsibility, and the other Party will not assume or become responsible for such debts or obligations without his or her written consent. Each Party will indemnify the other Party and be responsible for all related expenses including attorney’s fees if a debt or obligation is asserted as a claim or demand against the other Party’s property. However, the following debts or obligations will be considered the marital debt of both Parties: ____________________________________________________________________________________ ___________________________________________________________________________ (Optional) All debts and obligations that are incurred by both Parties jointly will be treated as marital debt and will be the obligation of both Parties equally or as otherwise designated in a writing signed by both Parties.
