Common use of Independency Clause in Contracts

Independency. This Contract shall be independent of the Master Contract in terms of its validity and not be affected by the invalidity of the Master Contract. If the Master Contract is determined to be invalid, then Party A shall still hold liable for the debt of the Debtor with the collateral, which debt may arise from restitution of property or compensation for losses.

Appears in 2 contracts

Sources: Mortgage Contract (Origin Agritech LTD), Mortgage Contract (Origin Agritech LTD)