Common use of Finance Parties’ rights and obligations Clause in Contracts

Finance Parties’ rights and obligations. 2.2.1 The obligations of each Finance Party under the Finance Documents are several. 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. 2.2.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

AutoNDA by SimpleDocs

Finance Parties’ rights and obligations. 2.2.1 The obligations of each Finance Party under the Finance Transaction Documents are several. Failure by a Finance Party to perform its obligations under the Finance Transaction Documents does not affect the obligations of any other Party or any other person under the Finance Transaction Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Transaction Documents. 2.2.2 The rights of each Finance Party under or in connection with the Finance Transaction Documents are separate and independent rights and any debt arising under the Finance Transaction Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.2.2.3

Appears in 1 contract

Samples: PDP Facility Agreement (Allegiant Travel CO)

Finance Parties’ rights and obligations. 2.2.1 3.2.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 3.2.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor the Borrower is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.clause 3.2.3

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc)

Finance Parties’ rights and obligations. 2.2.1 2.5.1 The obligations of each Finance Party under the Finance Documents are several. 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. 2.2.2 2.5.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.‎2.5.3

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Autoliv Inc)

Finance Parties’ rights and obligations. 2.2.1 2.3.1 The obligations of each Finance Party under the Finance Documents are several. 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. 2.2.2 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor the Borrower is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.sub-clause 2.2.3

Appears in 1 contract

Samples: Revolving Facility Agreement

Finance Parties’ rights and obligations. 2.2.1 2.3.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor or any other Security Provider is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.22.3.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

Finance Parties’ rights and obligations. 2.2.1 2.3.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights rights, and any debt arising under the Finance Documents to a Finance Party from an Obligor a Borrower is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.22.3.

Appears in 1 contract

Samples: Facilities Agreement

AutoNDA by SimpleDocs

Finance Parties’ rights and obligations. 2.2.1 2.7.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.7.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.22.7.

Appears in 1 contract

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Finance Parties’ rights and obligations. 2.2.1 2.3.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is shall be a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.2.3.3

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Sibanye Stillwater LTD)

Finance Parties’ rights and obligations. 2.2.1 2.6.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.6.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.22.6.

Appears in 1 contract

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Finance Parties’ rights and obligations. 2.2.1 2.2.1.1 The obligations of each Finance Party under the Finance Documents are severalseparate and independent. 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. 2.2.2 2.2.1.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is shall be a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.2.2.2.1.3

Appears in 1 contract

Samples: Revolving Facility Agreement (Sibanye Gold LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!