Common use of Independent Obligations Clause in Contracts

Independent Obligations. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the Guarantor, whether or not the Designated Borrowers or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Loan Party.

Appears in 5 contracts

Samples: Credit Agreement (Analog Devices Inc), Credit Agreement (Analog Devices Inc), Credit Agreement (Flextronics International Ltd.)

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Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other Guarantor or other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the each Guarantor, whether or not the Designated Borrowers Borrower or any such other Guarantor or other Loan Party is joined therein or a separate action or actions are brought against any Designated the Borrower or any such other Guarantor or other Loan Party.

Appears in 3 contracts

Samples: Term Loan Agreement (Flex Ltd.), Term Loan Agreement (Flextronics International Ltd.), Term Loan Agreement (Flex Ltd.)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other Guarantor or other guarantor of the Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the each Guarantor, whether or not the Designated Borrowers or any such other Guarantor or other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Guarantor or other Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (Flextronics International Ltd.), Credit Agreement (Flextronics International Ltd.), Term Loan Agreement (Flextronics International Ltd.)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the such Guarantor, whether or not the Designated Borrowers Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated the Borrower or any such other Loan Party.

Appears in 3 contracts

Samples: Guaranty (Pacer International Inc), Credit Agreement (Cnet Networks Inc), Credit Agreement (Copart Inc)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the such Guarantor, whether or not the Designated Borrowers any Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (Imation Corp), Credit Agreement (Imation Corp), Credit Agreement (Imation Corp)

Independent Obligations. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the Guarantor, whether or not the Designated Borrowers or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International Ltd.), Credit Agreement (Flextronics International Ltd.)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other Guarantor or other guarantor of the Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the each Guarantor, whether or not the Designated Borrowers or any such other Guarantor or other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Guarantor or other Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Flex Ltd.), Credit Agreement (Flextronics International Ltd.)

Independent Obligations. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the Guarantor, whether or not the Designated Borrowers Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated the Borrower or any such other Loan Party.

Appears in 2 contracts

Samples: Guaranty (Cadence Design Systems Inc), Cadence Design Systems Inc

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Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other Guarantor or other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the Guarantor, whether or not the Designated Borrowers Borrower or any such other Guarantor or other Loan Party is joined therein or a separate action or actions are brought against any Designated the Borrower or any such other Guarantor or other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Triquint Semiconductor Inc)

Independent Obligations. The obligations of the Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of DefaultDefault to the extent any Guaranteed Obligations are then due and payable, a separate action or actions may be brought against the Guarantor, whether or not the any Designated Borrowers Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower or any such other Loan Party.

Appears in 1 contract

Samples: Company Guaranty (Verisign Inc/Ca)

Independent Obligations. The obligations of the any Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Designated Borrowers Obligor and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the any Guarantor, whether or not the any Designated Borrowers Obligor or any such other Loan Party is joined therein or a separate action or actions are brought against any Designated Borrower Obligor or any such other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Solutions Inc.)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of any other Guarantor or other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against the each Guarantor, whether or not the Designated Borrowers Borrower or any such other Guarantor or other Loan Party is joined therein or a separate action or actions are brought against any Designated the Borrower or any such other Guarantor or other Loan Party.. Form of Subsidiary Guaranty

Appears in 1 contract

Samples: Term Loan Agreement (Flextronics International Ltd.)

Independent Obligations. The obligations of the each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of and separate from the obligations of the Company, any other guarantor of the Guaranteed Obligations, the Designated Borrowers Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of DefaultDefault to the extent any Guaranteed Obligations are then due and payable, a separate action or actions may be brought against the such Guarantor, whether or not the Company, any Designated Borrowers Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the Company, any Designated Borrower or any such other Loan Party.

Appears in 1 contract

Samples: Subsidiary Guaranty (Verisign Inc/Ca)

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