Common use of Joint and Several Obligations of Obligors Clause in Contracts

Joint and Several Obligations of Obligors. Each of the Obligors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Obligors and in consideration of the undertakings of each of the Obligors to accept joint and several liability for the obligations of each of them.

Appears in 4 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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Joint and Several Obligations of Obligors. Each of the Obligors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Obligors and in consideration of the undertakings of each of the Obligors to accept joint and several liability for the obligations of each of them.

Appears in 3 contracts

Samples: Credit Agreement (Modtech Holdings Inc), Credit Agreement (Cluett Peabody & Co Inc /De), Credit Agreement (Insight Health Services Corp)

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