Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. (b) The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor shall be a separate and independent debt. (c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 14 contracts
Samples: Supplemental Agreement (Innospec Inc.), Amendment Agreement (Coca-Cola HBC AG), Facilities Agreement (Octel Corp)
Lender’s Rights and Obligations. (a) 2.2.1 The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) 2.2.2 The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor shall be a separate and independent debt.
(c) 2.2.3 A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 6 contracts
Samples: Investor Loan Agreement (Aramex International LTD), Facilities Agreement (Inveresk Research Group LTD), Bridge Facility Agreement (Aramex International LTD)
Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance DocumentsDocuments provided that if a Lender commences proceedings in respect of any such rights it shall notify the Facility Agent as soon as practicable thereafter and the Facility Agent shall notify the other Lenders accordingly.
Appears in 4 contracts
Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Ibasis Inc), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)
Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Financing Documents are severalseveral (conjointes et non solidaires). Failure by a Lender to perform its obligations under the Finance Financing Documents does not affect the obligations of any other Party under the Finance Financing Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Financing Documents.
(b) The rights of each Lender under or in connection with the Finance Financing Documents are separate and independent rights and any debt arising under the Finance Financing Documents to a Lender from an Obligor the Borrower shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Financing Documents, separately enforce its rights under the Finance Financing Documents.
Appears in 3 contracts
Samples: Syndicated Credit Agreement, Credit Agreement (France Telecom /), Credit Agreement (France Telecom /)
Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor any of the Obligors shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit Agreement (Abb LTD), Amendment and Restatement Agreement (Abb LTD)
Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor the Borrower shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 2 contracts
Samples: Multicurrency Revolving Facility Agreement (International Flavors & Fragrances Inc), Wassa Project Facility Agreement (Golden Star Resources LTD)
Lender’s Rights and Obligations. (a) The obligations of each Lender under the Finance Financing Documents are several. Failure by a Lender to perform its obligations under the Finance Financing Documents does not affect the obligations of any other Party under the Finance Financing Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Financing Documents.
(b) The rights of each Lender under or in connection with the Finance Financing Documents are separate and independent rights and any debt arising under the Finance Financing Documents to a Lender from an Obligor the Borrower shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Financing Documents, separately enforce its rights under the Finance Financing Documents.
Appears in 1 contract
Samples: Credit Agreement (France Telecom /)
Lender’s Rights and Obligations. (a) 1.1 The obligations of each Lender under the Finance Documents are several. Failure by a Lender to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) 1.2 The rights of each Lender under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender from an Obligor shall be a separate and independent debt.
(c) 1.3 A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Misys PLC)
Lender’s Rights and Obligations. (a) The obligations of each Lender Finance Party under the Finance Documents are several. Failure by a Lender Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
(b) The rights of each Lender Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Lender Finance Party from an Obligor shall be a separate and independent debt.
(c) A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents.
Appears in 1 contract
