Corresponding obligations Clause Samples

Corresponding obligations. The other Party will be relieved of its corresponding obligations to the same extent the Affected Party is relieved of its obligations due to this clause 22.
Corresponding obligations. The Collateral Agent, acting in its individual capacity, hereby agrees to apply all proceeds that it receives in connection with any enforcement action taken under or pursuant to the Dutch Security Agreements or otherwise in satisfaction in whole or in part of the Parallel Debt, mutatis mutandis, in accordance with the provisions of this Agreement and the other Loan Documents.