Common use of Separate Obligation Clause in Contracts

Separate Obligation. The agreement provided for in this Section 3.7 shall constitute an obligation separate and independent from all other obligations contained in this Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by the Issuers, Lenders or the Agents or any of them from time to time, and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under any judgment or order. The agreements and obligations of the Borrower in this Section 3.7 shall survive the payment of all other Obligations.

Separate Obligation. The agreement provided for in this Section 3.7 subsection 3.7(iii) shall constitute an obligation separate and independent from all other obligations contained in this Agreement, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by the Issuers, Lenders or the Agents or any of them from time to time, and shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or under any judgment or order. The agreements and obligations of the Borrower in this Section 3.7 shall survive the payment of all other Obligations.