Common use of Independent Security Clause in Contracts

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Documents. The execution of any other Security Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor hereby waives its right to plead or claim in any court that the execution of any other Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent shall be at liberty to accept further security from the Grantor or from any third party and/or release such security without notifying the Grantor and without affecting in any way the obligations of the Grantor under the Security Documents or the other Finance Documents. The Collateral Agent, acting pursuant to the Intercreditor Agreement, or as otherwise expressly provided herein, shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Documents shall be enforced by the Collateral Agent, as well as the sequence of securities to be so enforced.

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Documents. The execution of any other Security Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor hereby waives its right to plead or claim in any court that the execution of any other Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent shall be at liberty to accept further security from the Grantor or from any third party and/or release such security without notifying the Grantor and without affecting in any way the obligations of the Grantor under the Security Documents or the other Finance Documents. The Collateral Agent, acting pursuant to the Intercreditor Agreement, or as otherwise expressly provided herein, shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Documents shall be enforced by the Collateral Agent, as well as the sequence of securities to be so enforced.the

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties NRG Energy may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Documents. The execution of any other Security Document security agreement or other document by a Pledgor or any other party shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor Pledgors hereby waives its right waive their rights to plead or claim in any court that the execution of any other Security Document security agreement or other document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent NRG Energy shall be at liberty to accept further security from the Grantor Pledgors or from any third party and/or release such security without notifying the Grantor Pledgors and without affecting in any way the obligations of the Grantor Pledgors hereunder, under the Security Documents other Credit Documents, under the Equity Commitment Agreement or under the other Finance DocumentsNRGG Equity Guaranty. The Collateral AgentNRG Energy shall determine, acting pursuant to the Intercreditor Agreementin its sole discretion, or as otherwise expressly provided herein, shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Documents NRG Energy hereunder or otherwise shall be enforced by the Collateral AgentNRG Energy, as well as the sequence of securities security interests to be so enforced.

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Documents. The execution of any other Security Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor Pledgors hereby waives its right waive their rights to plead or claim in any court that the execution of any other Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent shall be at liberty to accept further security from the Grantor Pledgors or from any third party and/or release such security without notifying the Grantor Pledgors and without affecting in any way the obligations of the Grantor Pledgors under the Security Documents or the other Finance Transaction Documents. The Collateral AgentAgent (as directed by the Agent Bank, acting pursuant to in accordance with the Intercreditor Credit Agreement, or as otherwise expressly provided herein, ) shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Documents shall be enforced by the Collateral Agent, as well as the sequence of securities to be so enforced.

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Documents. The execution of any other Security Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor Assignors hereby waives its right waive their rights to plead or claim in any court that the execution of any other Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent shall be at liberty to accept further security from the Grantor Assignors or from any third party and/or release such security without notifying the Grantor Assignors and without affecting in any way the obligations of the Grantor Assignors under the Security Documents or the other Finance Financing Documents. The Collateral Agent, acting pursuant to the Intercreditor Agreement, or as otherwise expressly provided herein, Agent shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Documents shall be enforced by the Collateral Agent, as well as the sequence of securities to be so enforced. Notwithstanding any of the foregoing, this Agreement is subject to the Intercreditor Agreement.

Independent Security. The security provided for in this Agreement shall be in addition to and shall be independent of every other security which the Collateral Agent or the other Secured Parties may at any time hold for any of the Secured Obligations hereby secured, whether or not under the Security Collateral Documents. The execution of any other Security Collateral Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof. The Grantor Pledgor hereby waives its right to plead or claim in any court that the execution of any other Security Collateral Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein. The Collateral Agent shall be at liberty to accept further security from the Grantor Pledgor or from any third party and/or release such security without notifying the Grantor Pledgor and without affecting in any way the obligations of the Grantor Pledgor under the Security Collateral Documents or the other Finance Transaction Documents. The Collateral Agent, acting pursuant to the Intercreditor Agreement, or as otherwise expressly provided herein, Agent shall determine if any security conferred upon the Collateral Agent and the other Secured Parties under the Security Collateral Documents shall be enforced by the Collateral Agent, Agent as well as the sequence of securities to be so enforced.