Common use of Separation of Interests Clause in Contracts

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ Assets.

Appears in 2 contracts

Samples: Crez Lease Agreement (InfraREIT, Inc.), Lease Agreement (InfraREIT, Inc.)

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Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee the Company or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee the Company or others, or any foreclosure relating to the CREZ AssetsCollateral assets.

Appears in 2 contracts

Samples: Note Purchase Agreement (InfraREIT, Inc.), Note Purchase Agreement (InfraREIT, Inc.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Lender Parties regardless of any breach or violation by Lessee Company or any other party Person of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee Company’s or others, or any foreclosure relating to the CREZ Assetsbusiness or assets of Company or any change in ownership of all or any portion of such business or assets.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ Xxxxxxx Transmission Loop Assets.

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ Xxxxxxx/Xxxxx/Xxxxxxx Assets.

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ ERCOT Transmission Assets.

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

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Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ Permian Assets.

Appears in 1 contract

Samples: Permian Lease Agreement (InfraREIT, Inc.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ Xxxxxxx/Xxxxx/Xxxxxxx Assets.. XXXXXXX/XXXXX/XXXXXXX ASSETS LEASE AGREEMENT

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Separation of Interests. All policies (other than in respect to workers compensation insurance) shall insure the interests of the Secured Parties regardless of any breach or violation by Lessee or any other party of warranties, declarations or conditions contained in such policies, any action or inaction of Lessee or others, or any foreclosure relating to the CREZ AssetsSystem.

Appears in 1 contract

Samples: Master System Lease Agreement (InfraREIT, Inc.)

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