Standalone Basis Clause Samples
The 'Standalone Basis' clause establishes that a particular agreement or provision is to be interpreted and enforced independently of any other agreements or related documents. In practice, this means that the rights and obligations set out in the clause or contract are not affected by the existence, validity, or enforceability of other contracts between the parties. For example, if two companies have multiple contracts together, a Standalone Basis clause ensures that a dispute or termination in one contract does not automatically impact the others. This clause is essential for maintaining the integrity of individual agreements and preventing unintended cross-liability or confusion between separate contractual arrangements.
Standalone Basis. Whenever it is necessary to determine the liability of Genco or any Subsidiary of Genco for Taxes, such liability shall be computed as if Genco or such Subsidiary of Genco was not a member of Seller's consolidated, affiliated, combined or unitary group for Tax purposes.
Standalone Basis. Whenever it is necessary to determine the liability of any Company or any Subsidiary of a Company for Taxes, such liability shall be computed as if such Company or such Subsidiary of a Company was not a member of Sithe's or Genco's consolidated, affiliated, combined or unitary group for Tax purposes.