Common use of Separate debt Clause in Contracts

Separate debt. Any amount due from the Borrower under this Clause 23 shall be due as a separate debt and shall not be affected by judgment being obtained for any other sums due under or in respect of this Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Iii to I Maritime Partners Cayman I Lp), Loan Agreement (Iii to I Maritime Partners Cayman I Lp)

Separate debt. Any amount due from the Borrower Borrowers under this Clause 23 β€Ž19 shall be due as a separate debt and shall not be affected by judgment being obtained for any other sums due under or in respect of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)