Common use of Continuing indemnities Clause in Contracts

Continuing indemnities. (a) Each indemnity of an Obligor in a Finance Document is a continuing obligation of the Obligors, separate from their other obligations and remains in full force and effect until the Money Owing have been fully and finally repaid and each Security finally discharged. (b) Each indemnity of an Obligor survives the termination of any Transaction Document.

Continuing indemnities. (a) Each indemnity of an Obligor in a Finance Document is a continuing obligation of the ObligorsObligor, separate from their its other obligations and remains in full force and effect until the Money Owing have been fully and finally repaid and each Security finally discharged. (b) Each indemnity of an Obligor survives the termination of any Transaction Document.