Common use of Direct Obligation Clause in Contracts

Direct Obligation. Notwithstanding any other provision hereof, the Borrowers shall be obligated directly towards the Agents and each of the Lenders in respect of the Participation of each of the Lenders which are made available to such Borrower as well as any other amounts which may be payable by the Borrowers pursuant to or in connection with this Agreement or any Borrowings. The obligations of each of the Lenders are independent from one another, are not joint and several, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its respective obligations.

Appears in 6 contracts

Samples: Credit Agreement (FirstService Corp), Credit Agreement (Firstservice Corp), Fourth Amended (Firstservice Corp)

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Direct Obligation. Notwithstanding any other provision hereof, the Borrowers Borrower shall be obligated directly towards the Agents and each of the Lenders in respect of the its Facility A Participation, its Facility C Participation, its Facility D Participation of each of the Lenders which are made available to such Borrower and its Facility E Participation, as well as any other amounts which may be payable by the Borrowers Obligors to such Lender pursuant to or in connection with this Agreement Agreement, any other Loan Document or any Borrowings. The obligations of each of the Lenders are independent from one another, are not joint and several, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its their respective obligations.

Appears in 3 contracts

Samples: Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.)

Direct Obligation. Notwithstanding any other provision hereof, the Borrowers Borrower shall be obligated directly towards the Agents and each of the Lenders in respect of the Participation of each of the Lenders which are made available to such Borrower as well as any other amounts which may be payable by the Borrowers Borrower pursuant to or in connection with this Agreement or any Borrowings. The obligations of each of the Lenders are independent from one another, are not joint and severaljoint, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its their respective obligations.

Appears in 2 contracts

Samples: Credit Agreement (Black Hawk Merger Sub Inc), Credit Agreement (Black Hawk Merger Sub Inc)

Direct Obligation. Notwithstanding any other provision hereof, the Borrowers Borrower shall be obligated directly towards the Agents and each of the Lenders in respect of the its Facility A Participation, its Facility B Participation, its Facility C Participation of each of the Lenders which are made available to such Borrower and its Facility D Participation, as well as any other amounts which may be payable by the Borrowers Obligors to such Lender pursuant to or in connection with this Agreement Agreement, any other Loan Document or any Borrowings. The obligations of each of the Lenders are independent from one another, are not joint and several, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its their respective obligations.

Appears in 1 contract

Samples: Credit Agreement (GFL Environmental Inc.)

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Direct Obligation. Notwithstanding any other provision hereof, the Borrowers Borrower shall be obligated directly towards the Agents and each of the Lenders in respect of the its Participation of each of the Lenders which are made available to such Borrower as well as any other amounts which may be payable by the Borrowers Obligors to such Lender pursuant to or in connection with this Agreement Agreement, any other Loan Document or any Borrowings. The obligations of each of the Lenders are independent from one another, are not joint and severalsolidary, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its their respective obligations.

Appears in 1 contract

Samples: Credit Agreement

Direct Obligation. Notwithstanding any other provision hereof, the Borrowers Borrower shall be obligated directly towards the Agents and each of the Lenders Lender in respect of the Participation of each of the Lenders which are made available to such Borrower its Participation, as well as any other amounts which may be payable by the Borrowers Obligors to such Lender pursuant to or in connection with this Agreement Agreement, any other Loan Document or any Borrowings. The obligations of each of the Lenders Lender are independent from one another, are not joint and severalsolidary, and may not be increased, reduced, extinguished or otherwise affected due to the default of another Lender pursuant hereto. Any default of any party hereto in the performance of its obligations shall not release any of the other parties hereto from the performance of any of its their respective obligations.

Appears in 1 contract

Samples: Credit Agreement (Alithya Group Inc)

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