Interests several. Notwithstanding any other term of this Agreement the interests of the Creditor are several and the amount due to the Facility Agent or the Security Trustee (for its own account) and to each other Creditor is a separate and independent debt. The Facility Agent, the Security Trustee and each other Creditor shall have the right to protect and enforce their respective rights arising out of this Agreement and it shall not be necessary for the Facility Agent, the Security Trustee or any other Creditor (as the case may be) to be joined as an additional party in any proceedings for this purpose.
Appears in 5 contracts
Samples: Term Loan Facility Agreement (Danaos Corp), Term Loan Facility Agreement (Danaos Corp), Term Loan Facility Agreement (Danaos Corp)
