Common use of Individual right of action Clause in Contracts

Individual right of action. Each Lender and each Swap Bank shall be entitled to sue for any amount which has become due and payable by a Security Party to it under this Agreement without joining the Agent, the Security Trustee or any other Lender or any other Swap Bank as additional parties in the proceedings.

Individual right of action. Each Lender and each the Swap Bank shall be entitled to sue for any amount which has become due and payable by a Security Party the Borrowers to it under this Agreement or under the Master Agreement without joining the Agent, the Security Trustee or Trustee, any other Lender or any other the Swap Bank as additional parties in the proceedings.

Individual right of action. Each Lender and each the Swap Bank shall be entitled to sue for any amount which has become due and payable by a Security Party to it under this Agreement or the Master Agreements without joining the Agent, the Security Trustee or any other Lender or any other Swap Bank Creditor Party as additional parties in the proceedings.

Individual right of action. Each Lender and each Swap Bank shall be entitled to sue for any amount which has become due and payable by a Security Party to it under this Agreement or under a Master Agreement without joining the Agent, the Security Trustee or Trustee, any other Lender or any other Swap Bank as additional parties in the proceedingsproceedings so long as any such action by such Lender and/or Swap Bank to sue for any such amount is brought in any New York State court or Federal court of the United States of America sitting in New York County, and any appellate court thereof.