Finance Parties’ rights and obligations. (a) The obligations of each Finance Party under the Finance Documents are several and do not constitute a joint obligation (Ausschluss der gesamtschuldnerischen Haftung). Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. (b) The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and do not constitute a joint creditorship (Ausschluss der Gesamtgläubigerschaft) and any debt arising under the Finance Documents to a Finance Party from the Borrower shall be a separate and independent debt. (c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 5 contracts
Samples: Syndicated Multicurrency Term Loan Facility Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Syndicated Multicurrency Term Loan Facility Agreement (Sap France S.A.), Credit Facility Agreement (Saturn Expansion Corp)
Finance Parties’ rights and obligations. (a) The obligations of each Finance Party under the Finance Documents are several and do not constitute a joint obligation (Ausschluss der gesamtschuldnerischen Haftung). Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and do not constitute a joint creditorship (Ausschluss der Gesamtgläubigerschaft) and any debt arising under the Finance Documents to a Finance Party from the Borrower shall an Obligor shall, except as otherwise set out in this Agreement or any other Finance Document, be a separate and independent debtdebt (Ausschluss der gesamtschuldnerischen Haftung).
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 4 contracts
Samples: Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Amendment Agreement (Hillenbrand, Inc.)
Finance Parties’ rights and obligations. (a) The obligations of each Finance Party under the Finance Documents are several and do not constitute a joint obligation (Ausschluss Ausschluß der gesamtschuldnerischen Haftung). Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and do not constitute a joint creditorship (Ausschluss Ausschluß der Gesamtgläubigerschaft) and any debt arising under the Finance Documents to a Finance Party from the Borrower shall an Obligor shall, except as otherwise set out in this Agreement or any other Finance Document, be a separate and independent debtdebt (Ausschluß der gesamtschuldnerischen Haftung).
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 2 contracts
Samples: Facility Agreement (Linde PLC), Term Loan Facilities Agreement (Linde AG)
Finance Parties’ rights and obligations. (a) 22. The obligations of each Finance Party under the Finance Documents are several and do not constitute a joint obligation (Ausschluss der gesamtschuldnerischen Haftung). Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) 23. The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and do not constitute a joint creditorship (Ausschluss der Gesamtgläubigerschaft) and any debt arising under the Finance Documents to a Finance Party from the Borrower shall an Obligor shall, except as otherwise set out in this Agreement or any other Finance Document, be a separate and independent debtdebt (Ausschluss der gesamtschuldnerischen Haftung).
(c) 24. A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
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Finance Parties’ rights and obligations. (a) The obligations of each Finance Party under the Finance Documents are several and do not constitute a joint obligation (Ausschluss Ausschluβ der gesamtschuldnerischen Haftung). Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and do not constitute a joint creditorship (Ausschluss Ausschluβ der Gesamtgläubigerschaft) and any debt arising under the Finance Documents to a Finance Party from the Borrower shall an Obligor shall, except as otherwise set out in this Agreement or any other Finance Document, be a separate and independent debtdebt (Ausschluβ der gesamtschuldnerischen Haftung).
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
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