Common use of Joint and Several Liability of the Borrowers Clause in Contracts

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 16 contracts

Samples: Credit Agreement (Benefitfocus,Inc.), Guarantee and Collateral Agreement (Organogenesis Holdings Inc.), Credit Agreement (Benefitfocus,Inc.)

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Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability for the Obligations of all of the Borrowers hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Administrative Agent and the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the each other the Borrowers Borrower to accept joint and several liability for the Obligations.

Appears in 9 contracts

Samples: Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations Loans and Letters of Credit to be provided by the Lenders and the Administrative Agent under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 7 contracts

Samples: Credit Agreement (SunCoke Energy, Inc.), Credit Agreement (SunCoke Energy, Inc.), Credit Agreement

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 7 contracts

Samples: Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Nerdwallet, Inc.)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders Banks under this Credit Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligationsobligations of each of them.

Appears in 4 contracts

Samples: Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations Loans to be provided by the Lenders and the Administrative Agent under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (SunCoke Energy Partners, L.P.), Term Loan Credit Agreement

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (General Datacomm Industries Inc), Loan and Security Agreement (General Datacomm Industries Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders Banks under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligationsobligations of each of them.

Appears in 1 contract

Samples: Revolving Credit Agreement (Multimedia Games Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations Advances and Letters of Credit to be provided by the Lenders and the Administrative Agent under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations Advances and Letters of Credit to be provided by the Lenders and the Facility Agent under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations DIP Loans to be provided by the Lenders DIP Lender under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 1 contract

Samples: bankrupt.com

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders under this Loan Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligationsobligations of each of them.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Healthcare Trust Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder with respect to the Joint and under the other Loan Documents Several Obligations in consideration of the financial accommodations accommodation to be provided by the Lenders under Section 2.22 of this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the ObligationsJoint and Several Obligations of each of them under Section 2.22.

Appears in 1 contract

Samples: Credit Agreement (Centex Construction Products Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders under this Credit Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligations.obligations of each of them. DB1/ 97661265.5

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders under this Credit Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligations.obligations of each of them. 31

Appears in 1 contract

Samples: Credit Agreement (Brandywine Realty Trust)

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Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders Lender under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligationsobligations of each of them.

Appears in 1 contract

Samples: Credit Agreement (Resources Connection Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings undertaking of the other the Borrowers Borrower to accept joint and several liability for the Obligationssuch Borrower’s obligations.

Appears in 1 contract

Samples: Credit and Security Agreement (GWG Life, LLC)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability with the other Borrowers hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly direct and indirectlyindirect, of each Borrower of the Borrowers and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Gs Technologies Operating Co Inc)

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders 47 under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Benefitfocus,Inc.)

Joint and Several Liability of the Borrowers. (a) Each Borrower 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 the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other the Borrowers Borrower to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Pledge and Security Agreement (Inamed Corp)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations Advances and Letters of Credit to be provided by the Lenders and the Collateral Agent under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the obligations of each of them with respect to the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

Joint and Several Liability of the Borrowers. (a) Each Borrower of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations accommodation to be provided by the Lenders Lender under this Credit Agreement, for the mutual benefit, directly and indirectly, of each Borrower of the Borrowers and in consideration of the undertakings of the other each of the Borrowers to accept joint and several liability for the Obligationsobligations of each of them.

Appears in 1 contract

Samples: Credit Agreement (Central Parking Corp)

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Credit Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Castle a M & Co)

Joint and Several Liability of the Borrowers. (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the any other the Borrowers Borrower to accept joint and several liability for the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Global Telecom & Technology, Inc.)

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