Common use of Direct Liability Clause in Contracts

Direct Liability. Nothing contained in this Section 2.13 shall limit the liability of any Borrower to pay the Loan made directly or indirectly to that Borrower (including the Loan advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 2 contracts

Samples: Credit Agreement (RMG Networks Holding Corp), Credit Agreement (SCG Financial Acquisition Corp.)

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Direct Liability. Nothing contained in this Section 2.13 2.15 shall limit the liability of any Borrower to pay the Loan Loans made directly or indirectly to that Borrower (including the Loan Loans advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Direct Liability. Nothing contained in this Section 2.13 2.12 shall limit the liability of any Borrower to pay the Loan Loans made directly or indirectly to that Borrower (including the Loan advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 2 contracts

Samples: Second Lien Credit and Security Agreement (Katy Industries Inc), Second Lien Credit and Security Agreement (Katy Industries Inc)

Direct Liability. Nothing contained in this Section 2.13 2.15 shall limit the liability of any Borrower to pay the Loan Loans made directly or indirectly to that Borrower (including the Loan Loans advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), Letter of Credit Obligations relating to Letters of Credit issued to support such Borrower’s business, and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)

Direct Liability. Nothing contained in this Section 2.13 Article 11 shall limit the liability of any Borrower to pay the Loan Loans made directly or indirectly to that Borrower (including the Loan Loans advanced to any other Borrower and then re-loaned re‑loaned or otherwise transferred to, or for the benefit of, such Borrower), ) and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 1 contract

Samples: Credit Agreement (Lendway, Inc.)

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Direct Liability. Nothing contained in this Section 2.13 2.15 shall limit the liability of any Borrower to pay the Loan Loans made directly or indirectly to that Borrower (including the Loan Loans advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.. 42

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.)

Direct Liability. Nothing contained in this Section 2.13 shall limit the liability of any Borrower to pay the Term Loan made directly or indirectly to that Borrower (including the Loan advanced to any other Borrower and then re-loaned or otherwise transferred to, or for the benefit of, such Borrower), and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Borrower shall be primarily liable for all purposes hereunder.

Appears in 1 contract

Samples: Subordination Agreement (SCG Financial Acquisition Corp.)

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