Common use of Liability of Borrowers Clause in Contracts

Liability of Borrowers. The obligations of each Borrower hereunder are separate and distinct and notwithstanding anything hereinafter contained no Borrower shall be liable for the obligations of any other Borrower hereunder or for the obligations of the Obligors’ Agent hereunder save that (a) this Clause 3.4 shall not affect the obligations of any Guarantor and (b) the obligations of the Borrowers pursuant to Clauses 17 (Indemnity) and 21 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: [Secretary] (WPP Group PLC)

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Liability of Borrowers. The obligations of each Borrower hereunder are separate and distinct and notwithstanding anything hereinafter contained no Borrower shall be liable for the obligations of any other Borrower hereunder or for the obligations of the Obligors’ Agent hereunder save that (a) this Clause 3.4 (Liability of Borrowers) shall not affect the obligations of any Guarantor and (b) the obligations of the Borrowers pursuant to Clauses 17 (Indemnity) and 21 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (WPP PLC)

Liability of Borrowers. The obligations of each Borrower hereunder are separate and distinct and notwithstanding anything hereinafter contained no Borrower shall be liable for the obligations of any other Borrower hereunder or for the obligations of the Obligors’ Borrowers' Agent hereunder save that (a1) this Clause 3.4 clause shall not affect the obligations of any Borrower in its capacity as a Guarantor and (b2) the obligations of the Borrowers pursuant to Clauses 17 (Indemnity) clauses 15 and 21 (Fees and Expenses) 18 shall be joint and several.

Appears in 1 contract

Samples: Agreement (WPP Group PLC)

Liability of Borrowers. The obligations of each Borrower hereunder are separate and distinct and notwithstanding anything hereinafter contained no Borrower shall be liable for the obligations of any other Borrower hereunder or for the obligations of the Obligors’ Borrowers' Agent hereunder save that (a1) this Clause 3.4 clause shall not affect the obligations of any the Company in its capacity as Guarantor and (b2) the obligations of the Borrowers pursuant to Clauses 17 (Indemnity) clauses 15 and 21 (Fees and Expenses) 18 shall be joint and several.

Appears in 1 contract

Samples: Agreement (WPP Group PLC)

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Liability of Borrowers. The obligations of each Borrower hereunder are separate and distinct and notwithstanding anything hereinafter contained no Borrower shall be liable for the obligations of any other Borrower hereunder or for the obligations of the Obligors' Agent hereunder save that (a) this Clause 3.4 shall not affect the obligations of any Guarantor and (b) the obligations of the Borrowers pursuant to Clauses 17 15 (Indemnity) and 21 18 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Agreement (WPP Group PLC)

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