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 Borrowers' Agent hereunder save that (1) this clause shall not affect the obligations of any Borrower in its capacity as a Guarantor and (2) the obligations of the Borrowers pursuant to clauses 15 and 18 shall be joint and several.

Appears in 1 contract

Samples: Revolving Facility 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 Borrowers' Obligors’ Agent hereunder save that (1a) this clause Clause 3.4 (Liability of Borrowers) shall not affect the obligations of any Borrower in its capacity as a Guarantor and (2b) the obligations of the Borrowers pursuant to clauses 15 Clauses 17 (Indemnity) and 18 21 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Revolving Credit Facilities 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 Borrowers' Agent hereunder save that (1) this clause shall not affect the obligations of any Borrower the Company in its capacity as a Guarantor and (2) the obligations of the Borrowers pursuant to clauses 15 and 18 shall be joint and several.

Appears in 1 contract

Samples: Revolving Credit Facility and Term Out Facility 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 BorrowersObligors' Agent hereunder save that (1a) this clause Clause 3.4 (Liability of Borrowers) shall not affect the obligations of any Borrower in its capacity as a Guarantor and (2b) the obligations of the Borrowers pursuant to clauses 15 Clauses 18 (Indemnity) and 18 22 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Credit Agreement (WPP 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 BorrowersObligors' Agent hereunder save that (1a) this clause Clause 3.4 shall not affect the obligations of any Borrower in its capacity as a Guarantor and (2b) the obligations of the Borrowers pursuant to clauses Clauses 15 (Indemnity) and 18 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Revolving Credit Facility 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 Borrowers' Obligors’ Agent hereunder save that (1a) this clause Clause 3.4 shall not affect the obligations of any Borrower in its capacity as a Guarantor and (2b) the obligations of the Borrowers pursuant to clauses 15 Clauses 17 (Indemnity) and 18 21 (Fees and Expenses) shall be joint and several.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (WPP Group PLC)

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