Common use of INDEPENDENT NATURE OF LENDERS' RIGHTS Clause in Contracts

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Note or Notes shall be a separate and independent debt.

Appears in 23 contracts

Samples: Credit Agreement (Nationsrent Companies Inc), Credit Agreement (Nationsrent Companies Inc), Credit Agreement (Chiquita Brands International Inc)

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INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Revolving Note or Notes shall be a separate and independent debt.

Appears in 9 contracts

Samples: Credit Agreement (Consumers Us Inc), Credit Agreement (Riverside Group Inc/Fl), Credit Agreement (Wickes Lumber Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's ’s Note or Notes shall be a separate and independent debt.

Appears in 6 contracts

Samples: Loan and Agency Agreement (Kensey Nash Corp), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Note or Notes shall be a separate and independent debt.

Appears in 5 contracts

Samples: Loan and Security Agreement (Webco Industries Inc), Loan and Security Agreement (Webco Industries Inc), Loan and Security Agreement (Abc Rail Products Corp)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under on account of such Lender's ’s Loans and under any Note or Notes held by it shall be a separate and independent debt.

Appears in 5 contracts

Samples: Credit Agreement (TransMontaigne Partners L.P.), Credit Agreement (TransMontaigne Partners L.P.), Pledge Agreement (Transmontaigne Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under on account of such Lender's Loans and under any Note or Notes held by it shall be a separate and independent debt.

Appears in 3 contracts

Samples: Pledge Agreement (TransMontaigne Partners L.P.), Transmontaigne Inc, Credit Agreement (World Air Holdings, Inc.)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Revolving Note or Revolving Notes shall be a separate and independent debt.

Appears in 2 contracts

Samples: Credit Agreement (Fresh Foods Inc), Credit Agreement (Penske Motorsports Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under on account of such Lender's Note or Notes ’s Loans shall be a separate and independent debt.

Appears in 2 contracts

Samples: TransMontaigne Partners L.P., TLP Equity Holdings, LLC

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any ------------------------------------- time hereunder to each Lender under such Lender's Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Converse Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any ------------------------------------- time hereunder to each Lender under such Lender's Revolving Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Intercreditor Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts amount payable at any time hereunder to each Lender under such Lender's Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Chi Energy Inc)

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INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Loans and any Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's ’s Revolving Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Revolving Note or Notes and Term Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Wickes Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under such Lender's Note or Notes shall be a separate and independent debtdebt of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ameristeel Corp)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at ------------------------------------- any time hereunder to each Lender under such Lender's Revolving Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender under on account of such Lender's Loans and under any Revolving Note or Revolving Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Funding Services, Inc.)

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