Joint and Several Liability of Borrowers. (a) Each of Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender under this Agreement, for the mutual benefit, directly and indirectly, of each of Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
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Samples: Loan and Security Agreement (Futurelink Corp), Loan and Security Agreement (Synavant Inc), Loan and Security Agreement (Metalico Inc)
Joint and Several Liability of Borrowers. (a) Each of Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender Agent and the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Alpine Group Inc /De/), Loan and Security Agreement (Oakwood Homes Corp)
Joint and Several Liability of Borrowers. (a) 2.11.1 Each of Borrowers is accepting joint and several liability hereunder and under the other Loan Credit Documents in consideration of the financial accommodations to be provided by Lender Secured Parties under this Agreement, for the mutual benefit, directly and indirectly, of each of Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Renegy Holdings, Inc.), Credit Agreement (Renegy Holdings, Inc.)
Joint and Several Liability of Borrowers. (a) Each of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender the Administrative Agent, the Issuing Banks and the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
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Joint and Several Liability of Borrowers. (ai) Each of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of the other Borrowers each Borrower to accept joint and several liability for the Obligations.
Appears in 1 contract
Samples: Credit Agreement (Newtech Corp)
Joint and Several Liability of Borrowers. (a) Each of Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be -48- provided by Lender the Agent and the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Peregrine Systems Inc)
Joint and Several Liability of Borrowers. (a) Each of Borrowers Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of Borrowers Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the ObligationsLiabilities.
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Joint and Several Liability of Borrowers. (a) Each of Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by Lender the Agent and the Lenders under this Agreement, for the -45- 48 mutual benefit, directly and indirectly, of each of Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.
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