Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.
Appears in 8 contracts
Samples: Secured Super Priority Debtor in Possession Multiple Draw Term Loan Agreement (Greenville Tube CO), Secured Super Priority Debtor in Possession Credit Agreement (Globalstar Lp), Credit and Security Agreement (Amr Corp)
Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.
Appears in 4 contracts
Samples: Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp)
Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor guarantor, any other party or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor guarantor, any other party or the Borrower and whether or not any other Guarantorguarantor, any other guarantor party or the Borrower be is joined in any such action or actions. Each Guarantor waives, to the fullest full extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the any Guarantor.
Appears in 3 contracts
Samples: Senior Subordinated Credit Agreement (Superior Telecom Inc), Senior Subordinated Credit Agreement (Alpine Group Inc /De/), Senior Subordinated Credit Agreement (Alpine Group Inc /De/)
Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor or the BorrowerBorrowers, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or the either Borrower and whether or not any other Guarantor, any other guarantor or the Borrower Borrowers be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower Borrowers or other circumstance which operates to toll any statute of limitations as to the Borrower Borrowers shall operate to toll the statute of limitations as to the Guarantor.
Appears in 2 contracts
Samples: Credit Agreement (Trico Marine Services Inc), Secured Super Priority Debtor in Possession Credit Agreement (Trico Marine Services Inc)
Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other other, guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.
Appears in 2 contracts
Samples: Secured Super Priority Debtor in Possession Credit Agreement (Globalstar Lp), Secured Super Priority Debtor in Possession Credit Agreement (Globalstar Telecommunications LTD)
Independent Obligation. The obligations of each Guarantor the Applicable Guarantors hereunder are independent of the obligations of any other Guarantorguarantor, any other guarantor party or the BorrowerBorrowers, and a separate action or actions may be brought and prosecuted against each Guarantor the Applicable Guarantors whether or not action is brought against any other Guarantorguarantor, any other guarantor party or the Borrower Borrowers and whether or not any other Guarantorguarantor, any other guarantor party or the Borrower Borrowers be joined in any such action or actions. Each Guarantor waivesThe Applicable Guarantors waive, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower Borrowers or other circumstance which operates to toll any statute of limitations as to the Borrower Borrowers shall operate to toll the statute of limitations as to the GuarantorApplicable Guarantors.
Appears in 2 contracts
Samples: Credit Agreement (International Money Express, Inc.), Credit Agreement (Fintech Acquisition Corp. II)
Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be is joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.
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Independent Obligation. The obligations of each Guarantor of the Parent Guarantors hereunder are independent of the obligations of any other Guarantorguarantor, any other guarantor party or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor of the Parent Guarantors whether or not action is brought against any other Guarantorguarantor, any other guarantor party or the Borrower and whether or not any other Guarantorguarantor, any other guarantor party or the Borrower be joined in any such action or actions. Each Guarantor of the Parent Guarantors waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to each of the GuarantorParent Guarantors.
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Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor Guarantor, whether or not action is brought against any other Guarantor, any other guarantor or the Borrower Borrowers and whether or not any other Guarantor, any other guarantor or the any Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates operating to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the Guarantor.
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Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations 115 of any other Guarantor, any other guarantor or of the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or of the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.
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Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations -108- 115 of any other Guarantor, any other guarantor or of the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor or of the Borrower and whether or not any other Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Guarantor.
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Independent Obligation. The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor, any other guarantor guarantor, any other party or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor, any other guarantor guarantor, any other party or the Borrower and whether or not any other Guarantorguarantor, any other guarantor party or the Borrower be are joined in any such action or actions. Each Guarantor waives, to the fullest full extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the any Guarantor.
Appears in 1 contract
Samples: Loan Agreement (Grey Wolf Inc)
Independent Obligation. The obligations of each Parent Guarantor hereunder are independent of the obligations of any the other Parent Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each either Parent Guarantor whether or not action is brought against any the other Parent Guarantor, any other guarantor or the Borrower and whether or not any the other Parent Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Parent Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Parent Guarantor.
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Independent Obligation. The obligations of each Parent ---------------------- Guarantor hereunder are independent of the obligations of any the other Parent Guarantor, any other guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each either Parent Guarantor whether or not action is brought against any the other Parent Guarantor, any other guarantor or the Borrower and whether or not any the other Parent Guarantor, any other guarantor or the Borrower be joined in any such action or actions. Each Parent Guarantor waives, to the fullest extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to toll the statute of limitations as to the each Parent Guarantor.
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