INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time under this Agreement to each Agent and each Lender shall be separate and independent debts; each Lender shall be entitled to protect and enforce its rights arising out of this Agreement; and it shall not be necessary for any Agent or any other Lender to be joined as an additional party in any proceeding for such purpose.
Appears in 6 contracts
Samples: Credit Agreement (BMC Industries Inc/Mn/), And Restatement Agreement (BMC Industries Inc/Mn/), Credit Agreement (BMC Industries Inc/Mn/)
INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time under this Agreement to each the Administrative Agent and each Lender shall be separate and independent debts; each Lender shall be entitled to protect and enforce its rights arising out of this Agreement; and it shall not be necessary for any the Administrative Agent or any other Lender to be joined as an additional party in any proceeding for such purpose.
Appears in 1 contract
