Common use of Independence of Provisions Clause in Contracts

Independence of Provisions. All agreements and covenants 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 8 contracts

Samples: Business Loan Agreement (PeopleSupport, Inc.), Revolving Loan and Security Agreement (Amphastar Pharmaceuticals, Inc.), Loan Agreement

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Independence of Provisions. All agreements and covenants hereunder, hereunder and 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 6 contracts

Samples: Revolving Credit Agreement (Phycor Inc /Tn/), Revolving Credit Agreement (Phycor Inc/Tn), Revolving Credit Agreement (Phycor Inc/Tn)

Independence of Provisions. All agreements and covenants hereunder, under herein and in the other Loan Documents and the other documents, instruments, and agreements entered into in connection herewith shall be given independent effect such that so 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: Financing Agreement (Harvard Industries Inc), Assignment and Transfer Agreement (Harvard Industries Inc), Financing Agreement (Harvard Industries Inc)

Independence of Provisions. All agreements and covenants hereunder, under the Loan Documents 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 or another agreement or covenant shall not be construed as allowing such action to be taken or condition to exist.

Appears in 3 contracts

Samples: Credit Agreement (Coconut Palm Acquisition Corp.), Credit Agreement (Coconut Palm Acquisition Corp.), Credit Agreement (Equity Media Holdings CORP)

Independence of Provisions. All agreements and covenants hereunder, hereunder and 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 74 80 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 (Phycor Inc/Tn)

Independence of Provisions. All agreements and covenants hereunder, under the Loan Documents Credit 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 1 contract

Samples: Revolving Credit Agreement (Amwest Insurance Group Inc)

Independence of Provisions. All agreements and covenants 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 1 contract

Samples: Shared Appreciation Agreement (Omp Inc)

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Independence of Provisions. All agreements and covenants hereunder, under the Loan Documents other Credit 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 1 contract

Samples: Credit Agreement (Northland Holdings Management Inc)

Independence of Provisions. All agreements and covenants -------------------------- hereunder, under the Loan Documents 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 1 contract

Samples: Revolving Credit Agreement (Pcsupport Com Inc)

Independence of Provisions. All agreements and covenants hereunder, under the Loan Documents other Credit 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, except as and to the extent otherwise herein provided.

Appears in 1 contract

Samples: Revolving Credit Agreement (Central Michigan Distribution Co Lp)

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