Common use of Liability of Dealers Several and Not Joint Clause in Contracts

Liability of Dealers Several and Not Joint. Where more than one Dealer has agreed with any Issuer to purchase a particular Tranche of Notes pursuant to this Clause, the obligations of such Dealers to purchase the Notes shall be several and not joint.

Liability of Dealers Several and Not Joint. Where more than one Dealer has agreed with any the Issuer to purchase a particular Tranche of Notes pursuant to this Clause, the obligations of such Dealers to purchase the Notes shall be several and not joint.