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 Lenders) the interests of the Finance Parties are several and the amount due to each of the Finance Parties is a separate and independent debt. Without prejudice to any other provision of this Agreement (including any requirement for action to be approved or instigated by, or with the consent or approval of, the Majority Lenders and, without limitation, clause 26.4), each of the Finance Parties shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Finance Party to be joined as an additional party in any proceedings for this purpose.
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Samples: Versatel Telecom International N V
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 LendersBanks) the interests of the Finance Parties are several and the amount due to each of the Finance Parties is a separate and independent debt. Without prejudice to any other provision of this Agreement (including any requirement for action to be approved or instigated by, or with the consent or approval of, the Majority Lenders Banks and, without limitation, clause 26.417.4), each of the Finance Parties shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Finance Party to be joined as an additional party in any proceedings for this purpose.
Appears in 1 contract
Samples: Agreement (Premier Foods PLC)
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 LendersBanks) the interests of the Finance Parties are several and the amount due to each of the Finance Parties (in each capacity other than as a Bank, for its own account) is a separate and independent debt. Without prejudice to any other provision of this Agreement (including any requirement for action to be approved or instigated by, or with the consent or approval of, the Majority Lenders Banks and, without limitation, clause 26.418.4), each of the Finance Parties shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other Finance Party to be joined as an additional party in any proceedings for this purpose.
Appears in 1 contract
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 Lenders) the interests of the Finance Parties are several and the amount due to each the Agent, the Lead Arranger or either of the Finance Parties Co-Arrangers (for its own account) and to each Lender is a separate and independent debt. Without prejudice to any other provision of this Agreement (including any requirement for action to be approved or instigated by, or with Save as set forth in the consent or approval ofTrust and Agency Agreement, the Majority Lenders andAgent, without limitation, clause 26.4)the Lead Arranger, each of the Finance Parties Co-Arranger and each Lender shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any other another Finance Party to be joined as an additional party in any proceedings for this purpose.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)