Common use of Separate Indemnity Clause in Contracts

Separate Indemnity. These indemnities constitute a separate and independent obligation from the other obligations in this Agreement and the Security Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by the Bank and shall remain in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of any sum due under this Agreement and, where appropriate, the Security Documents or any judgment or order. No proof of evidence of any actual loss may be required.

Separate Indemnity. These indemnities constitute a separate and independent obligation from the other obligations in this Agreement Assignment and the Security Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by the Bank and shall remain in full force and effect despite any judgment, order, claim or proof for a liquidated amount in respect of any sum due under this Agreement Assignment and, where appropriate, the Security Documents or any judgment or order. No proof of or evidence of any actual loss may be required.