No Dependence Clause Samples
The No Dependence clause establishes that a party's obligations or performance under the agreement are not contingent upon the actions or performance of the other party or any third party. In practice, this means that each party must fulfill its responsibilities regardless of whether the other party meets its own obligations, and cannot use another's failure as an excuse for non-performance. This clause is designed to prevent disputes over delayed or incomplete performance by clarifying that each party bears sole responsibility for its own commitments, thereby ensuring accountability and reducing the risk of deadlock or blame-shifting.
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No Dependence. Supplier acknowledges that AT&T is not responsible for Supplier’s dependence on revenues from sales to AT&T in proportion to Supplier’s revenues from other customers, and Supplier hereby releases, and shall hold harmless and indemnify AT&T from any and all claims and liabilities relating to Supplier’s financial stability which may result from AT&T’s termination of this Agreement for any reason whatsoever. Upon AT&T's request, no more than quarterly, Supplier will supply audited financial information, which shall be subject to the terms set forth in Section 3.18 Information.
No Dependence. AE acknowledges and agrees that Customer is not responsible for knowing AE’s dependence on revenues from sales to Customer in proportion to AE’s revenues from other customers and AE agrees to release, hold harmless and indemnify Customer from any and all claims and liabilities relating to AE’s financial stability or AE’s loss of business or profits from other customers which may result from Customer’s termination of this Agreement for any reason whatsoever.
No Dependence. AE acknowledges and agrees that ADVO is not responsible for knowing AE’s dependence on revenues from sales to ADVO in proportion to AE’s revenues from other customers and AE agrees to release, hold harmless and indemnify ADVO from any and all claims and liabilities relating to AE’s financial stability which may result from ADVO’s termination of this Agreement for any reason whatsoever.
No Dependence. Quebecor acknowledges and agrees that Dex is not responsible for knowing Quebecor’s dependence on revenues from sales to Dex in proportion to Quebecor’s revenues from other customers, and Quebecor agrees to release, hold harmless and indemnify Dex from any and all claims and liabilities relating to Quebecor’s financial stability which may result from Dex’s termination of this Agreement for any reason whatsoever, provided, however, that this Section 20.7 shall in no event be interpreted as preventing Quebecor from seeking proper remedies and indemnification from Dex in case of wrongful termination of this Agreement. *** Indicates confidential material that has been: (i) omitted pursuant to a Request for Confidential Treatment and (ii) filed separately with the Securities and Exchange Commission.