Common use of Interests several Clause in Contracts

Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Agent, the Security Trustee, the Arranger and the Banks are several and the amount due to the Agent (for its own account), to the Arranger, to the Security Trustee and to each Bank is a separate and independent debt. The Agent, the Security Trustee, the Arranger and each Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Agent, the Security Trustee, the Arranger or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.

Appears in 3 contracts

Samples: Loan Agreement (United Pan Europe Communications Nv), Loan Agreement (United Pan Europe Communications Nv), Loan Agreement (United International Holdings Inc)

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Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Agent, the Security TrusteeArrangers, the Arranger Security Trustee and the Banks are several and the amount due to the Agent (for its own account), to the each Arranger, to the Security Trustee and to each Bank is a separate and independent debt. The Agent, each Arranger, the Security Trustee, the Arranger Trustee and each Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Agent, any Arranger, the Security Trustee, the Arranger Trustee or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.

Appears in 3 contracts

Samples: Loan Agreement (Telewest Communications PLC /New/), Loan Agreement (Comcast Uk Cable Partners LTD), Loan Agreement (Telewest Communications PLC /New/)

Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Lead Arrangers, the Administrative Agent, the Security Trustee, the Arranger Agent and the Banks are several and the amount due to the Lead Arrangers, the Administrative Agent, the Security Agent (each for its own account), to the Arranger, to the Security Trustee ) and to each Bank is a separate and independent debt. The Lead Arrangers, the Administrative Agent, the Security Trustee, the Arranger Agent and each any Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Lead Arrangers, the Administrative Agent, the Security Trustee, the Arranger Agent or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Loan Agreement (Golar LNG LTD)

Interests several. Notwithstanding any other term of this Agreement (but without prejudice to Clause 21.4 (I) or the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Co-Arrangers, the Agent, the Security Trustee, the Arranger Agent and the Banks are several and the amount due to the Co-Arrangers, the Agent, the Security Agent and each Bank (each for its own account), to the Arranger, to the Security Trustee and to each Bank ) is a separate and independent debt. The Co-Arrangers, the Agent, the Security Trustee, the Arranger Agent and each Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Co-Arrangers, the Agent, the Security Trustee, the Arranger Agent or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

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Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Lead Arrangers, the Facility Agent, the Security Trustee, the Arranger Agent and the Banks are several and the amount due to the Lead Arrangers, the Facility Agent, the Security Agent (each for its own account), to the Arranger, to the Security Trustee ) and to each Bank is a separate and independent debt. The Lead Arrangers, the Facility Agent, the Security Trustee, the Arranger Agent and each any Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Lead Arrangers, the Facility Agent, the Security Trustee, the Arranger Agent or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Facility Agreement (Golar LNG LTD)

Interests several. Notwithstanding any other term of this Agreement (but without prejudice to the provisions of this Agreement relating to or requiring action by the Majority Banks) the interests of the Agent, the Security Trustee, the Arranger Arrangers and the Banks are several and the amount due to the Agent (for its own account), to the ArrangerArrangers, to the Security Trustee and to each Bank is a separate and independent debt. The Agent, the Security Trustee, the Arranger Arrangers and each Bank shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for the Agent, the Security Trustee, the Arranger Arrangers or any Bank (as the case may be) to be joined as an additional party in any proceedings for this purpose.. 3 Conditions ----------

Appears in 1 contract

Samples: Loan Agreement (United International Holdings Inc)

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