Common use of Banks' Obligations Several Clause in Contracts

Banks' Obligations Several. The obligations of each Bank are several and the failure by a Bank to perform its obligations hereunder shall not affect the obligations of an Obligor towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.

Appears in 6 contracts

Samples: Credit Agreement (NTL Delaware Inc), Term Facility Agreement (Zindart LTD), Credit Agreement (NTL Communications Corp)

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Banks' Obligations Several. The obligations of each Bank hereunder are several and the failure by a Bank to perform its obligations hereunder shall not affect the obligations of an Obligor the Borrower towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.

Appears in 1 contract

Samples: Agreement (Teekay Shipping Corp)

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