Common use of Principal and independent obligation Clause in Contracts

Principal and independent obligation. (a) This part 24 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation.

Appears in 1 contract

Samples: Shareholders Agreement (Kysor Industrial Corp /Mi/)

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Principal and independent obligation. (a) This part 24 22 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation.

Appears in 1 contract

Samples: Shareholders Agreement (Kysor Industrial Corp /Mi/)

Principal and independent obligation. (a) This part 24 25 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation.

Appears in 1 contract

Samples: Shareholders Agreement (Kysor Industrial Corp /Mi/)

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Principal and independent obligation. (a) This part 24 21 is a principal obligation and is not to be treated as ancillary or collateral to any other right or obligation.

Appears in 1 contract

Samples: Shareholders Agreement (Kysor Industrial Corp /Mi/)

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