Common use of Independent Obligations Clause in Contracts

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (Cnet Networks Inc), Guaranty (Pacer International Inc), Credit Agreement (Copart Inc)

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Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower Obligor and any other Loan Credit Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower Obligor or any such other Loan Credit Party is joined therein or a separate action or actions are brought against the Borrower Obligor or any such other Loan Credit Party.

Appears in 3 contracts

Samples: www.sec.gov, Guaranty (Invisa Inc), Guaranty (Invisa Inc)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the any Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the any Borrower or any such other Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (Imation Corp), Credit Agreement (Imation Corp), Credit Agreement (Imation Corp)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party guarantor and upon the occurrence and during the continuance of any Event of DefaultDefault (as defined in the Facility Agreement), a separate action or actions may be brought against such the Guarantor, whether or not the Borrower or any such other Loan Party guarantor is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Partyguarantor.

Appears in 2 contracts

Samples: Agreement (Lsi Logic Corp), To Agreement (Lsi Logic Corp)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower Company and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower Company or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower Company or any such other Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Bre Properties Inc /Md/), Credit Agreement (Bre Properties Inc /Md/)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon guarantor. Upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower or any such other Loan Party guarantor is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Partyguarantor.

Appears in 2 contracts

Samples: Security Agreement (Arbitron Inc), Subsidiary Guaranty (Arbitron Inc)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of any other guarantor of the Guaranteed Obligations, the Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.

Appears in 2 contracts

Samples: Guaranty (Cadence Design Systems Inc), Cadence Design Systems Inc

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of any other guarantor of the Borrower Guaranteed Obligations, the Designated Borrowers and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower Designated Borrowers or any such other Loan Party is joined therein or a separate action or actions are brought against the any Designated Borrower or any such other Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International Ltd.), Credit Agreement (Flextronics International Ltd.)

Independent Obligations. The obligations of each any Guarantor hereunder are independent of and separate from the obligations of the Borrower any Obligor and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such any Guarantor, whether or not the Borrower any Obligor or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower any Obligor or any such other Loan Party.

Appears in 1 contract

Samples: Term Loan Agreement (Jacobs Solutions Inc.)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower any Subsidiary Obligor and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the Borrower any Subsidiary Obligor or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower any Subsidiary Obligor or any such other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Engineering Group Inc /De/)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon the occurrence and during the continuance of any an Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Georgia-Pacific Canada, Consumer Products, Inc. Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.

Appears in 1 contract

Samples: Georgia Pacific Corp

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the any Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event Default or event of Default, a separate action or actions may be brought against such Guarantor, whether or not the such Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the any Borrower or any such other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Gymboree Corp)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower Company and any other Loan Credit Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower Company or any such other Loan Credit Party is joined therein or a separate action or actions are brought against the Borrower Company or any such other Loan Credit Party.

Appears in 1 contract

Samples: Securities Purchase Agreement (Lithium Technology Corp)

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Independent Obligations. The obligations of each any Guarantor hereunder are independent of and separate from the obligations of the Borrower any Designated Obligor and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such any Guarantor, whether or not the Borrower any Designated Obligor or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower any Designated Obligor or any such other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Solutions Inc.)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower Borrowers and any other Loan Document Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the any Borrower or any such other Loan Document Party is joined therein or a separate action or actions are brought against the any Borrower or any such other Loan Document Party.

Appears in 1 contract

Samples: Credit Agreement (Catellus Development Corp)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Credit Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Loan Credit Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Aquaventure Holdings LLC)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon the occurrence and during the continuance of any an Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.other

Appears in 1 contract

Samples: Georgia Pacific Corp

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Exhibit E: Form of Guaranty Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Cost Plus Inc/Ca/)

Independent Obligations. The obligations of each the Guarantor hereunder are independent of and separate from the obligations of the Borrower Borrowers and any other Loan Document Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such the Guarantor, whether or not the any Borrower or any such other Loan Document Party is joined therein or a separate action or actions are brought against the any Borrower or any such other Loan Document Party.

Appears in 1 contract

Samples: Credit Agreement (Catellus Development Corp)

Independent Obligations. The obligations of each Guarantor hereunder are independent of and separate from the obligations of the Borrower and any other Loan Party and upon the occurrence and during the continuance of any Event of Default, a separate action or actions may be brought against such Guarantor, whether or not the Borrower or any such other Loan Party is joined therein or a separate action or actions are brought against the Borrower or any such other Loan Party.. d.

Appears in 1 contract

Samples: Credit Agreement (Cnet Networks Inc)

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