Common use of Independence of Provisions Clause in Contracts

Independence of Provisions. All agreements and covenants hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 35 contracts

Samples: Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Credit Agreement (Gap Inc), Revolving Credit Agreement (Rayonier Advanced Materials Inc.)

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Independence of Provisions. All agreements and covenants hereunder hereunder, under the Loan Documents, and the other documents, instruments, and agreements entered into in connection herewith shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 18 contracts

Samples: Credit Agreement (Jakks Pacific Inc), Revolving Credit and Term Loan Agreement (Motorcar Parts America Inc), Credit Agreement (Winc, Inc.)

Independence of Provisions. All agreements and covenants hereunder and under the other Credit Documents shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 10 contracts

Samples: Credit Agreement (Midamerican Energy Holdings Co /New/), Credit Agreement (Midamerican Energy Holdings Co /New/), Credit Agreement (Komag Inc /De/)

Independence of Provisions. All agreements and covenants hereunder and under the other Loan Documents shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 3 contracts

Samples: Senior Subordinated Note and Warrant Purchase Agreement (Kellstrom Industries Inc), Security Agreement (Hispanic Express Inc), Security Agreement (Central Financial Acceptance Corp)

Independence of Provisions. All agreements and covenants -------------------------- hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 2 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Independence of Provisions. All agreements and covenants hereunder hereunder, under the Other Documents and the other documents, instruments, and agreements entered into in connection herewith shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 2 contracts

Samples: Loan Agreement (Snail, Inc.), Loan Agreement (Snail, Inc.)

Independence of Provisions. All agreements and covenants hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.. SECTION 10.11

Appears in 1 contract

Samples: Revolving Credit Agreement (Gap Inc)

Independence of Provisions. All agreements and covenants hereunder shall be given independent effect such that that, if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 1 contract

Samples: Revolving Credit Agreement (Varex Imaging Corp)

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Independence of Provisions. All agreements and covenants ---------------------------------------- hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Independence of Provisions. All agreements and covenants hereunder hereunder, under ‎the Other Documents and the other documents, instruments, and agreements entered into in ‎connection herewith shall be given independent effect such that if a particular ‎particular action or condition is prohibited by the terms of any such agreement or covenant, the fact ‎fact that such action or condition would be permitted within the limitations of another agreement ‎agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.‎to exist.‎

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Snail, Inc.)

Independence of Provisions. All agreements and covenants hereunder shall be given independent effect such that if a particular action or condition is 185 prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 1 contract

Samples: Intercreditor Agreement (Gap Inc)

Independence of Provisions. All agreements and -------------------------- covenants hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

Independence of Provisions. All agreements and covenants hereunder shall be given independent effect such that if a particular action or condition is prohibited by the terms of any such agreement or covenant, the fact that such action or condition would be permitted within the limitations of another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.of

Appears in 1 contract

Samples: Loan Agreement (Pacific United Group Inc)

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