Common use of Obligations Independent Clause in Contracts

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

Appears in 19 contracts

Sources: Credit Agreement (Suburban Propane Partners Lp), Credit Agreement (Ashford Hospitality Trust Inc), Credit Agreement (Suburban Propane Partners Lp)

Obligations Independent. The obligations of the Parent Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent Guarantor to enforce this Guaranty whether or not the Borrower or any other person or entity Person is joined as a party.

Appears in 3 contracts

Sources: Credit Agreement (Qep Resources, Inc.), Credit Agreement (QEP Midstream Partners, LP), Credit Agreement (QEP Midstream Partners, LP)

Obligations Independent. The obligations of the Parent Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent Guarantor to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

Appears in 3 contracts

Sources: Revolving Credit Agreement, Revolving Credit Agreement (MPLX Lp), Revolving Credit Agreement (Marathon Petroleum Corp)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

Appears in 2 contracts

Sources: Parent Guaranty (Rowan Companies PLC), Parent Guaranty (Rowan Companies PLC)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the other Borrower or any other person or entity is joined as a party.

Appears in 2 contracts

Sources: Parent Guaranty (Rowan Companies PLC), Parent Guaranty (Rowan Companies PLC)

Obligations Independent. The obligations of the each Parent Entity Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the any Parent Entity Guarantor to enforce this Guaranty whether or not the any Borrower or any other person or entity is joined as a party.

Appears in 2 contracts

Sources: Credit Agreement (Janus Living, Inc.), Credit Agreement (Janus Living, Inc.)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Guaranteed Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Parent Guaranty whether or not the Borrower Parent or any other person or entity is joined as a party.

Appears in 2 contracts

Sources: Bridge Loan Agreement (Ipsco Inc), Credit Agreement (Ipsco Inc)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantorGuaranteed Obligations, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower (or the relevant Subsidiary) or any other person or entity Person is joined as a party.

Appears in 1 contract

Sources: Credit Agreement (Atlassian Corp)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

Appears in 1 contract

Sources: Credit Agreement (TLC Vision Corp)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty Agreement whether or not the Borrower Borrowers or any other person or entity Person is joined as a party.

Appears in 1 contract

Sources: Credit Agreement (Dynasty Financial Partners Inc.)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantorObligations, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party.

Appears in 1 contract

Sources: Term Credit Agreement (Aon Corp)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantorGuaranteed Obligations, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower (or the relevant Subsidiary) or any other person or entity Person is joined as a party.

Appears in 1 contract

Sources: Credit Agreement (Atlassian Corp PLC)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the any Borrower or any other person or entity is joined as a party.

Appears in 1 contract

Sources: Term Loan Agreement (LSB Industries Inc)

Obligations Independent. The obligations of the Parent hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Parent to enforce this Guaranty whether or not the Borrower or any other person or entity Person is joined as a party.

Appears in 1 contract

Sources: Credit Agreement (Braemar Hotels & Resorts Inc.)