Common use of Lenders' Obligations Several; No Partnership Clause in Contracts

Lenders' Obligations Several; No Partnership. The obligations of each Lender under this Agreement are several. The failure of any Lender to carry out its obligations hereunder shall not relieve the other Lenders of any of their respective obligations hereunder. No Lender shall be responsible for the obligations of any other Lender hereunder. Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership.

Appears in 30 contracts

Samples: Credit Agreement (Village Farms International, Inc.), Credit Agreement (Tilray Brands, Inc.), Assignment and Assumption (Village Farms International, Inc.)

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Lenders' Obligations Several; No Partnership. The obligations of each Lender under this Agreement are several. The failure of any Lender to carry out its obligations hereunder shall not relieve the other Lenders of any of their respective obligations hereunder. No Lender shall be responsible for the obligations of any other Lender hereunder. Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership.. -117-

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

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Lenders' Obligations Several; No Partnership. The obligations of each Lender under this Agreement are several. The failure of any Lender to carry out its obligations hereunder shall not relieve the other Lenders of any of their respective obligations hereunder. No Lender shall be responsible for the obligations of any other Lender hereunder. Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership.

Appears in 1 contract

Samples: Credit Agreement

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