Common use of Loans to Borrowers Separate Credit Facility Clause in Contracts

Loans to Borrowers Separate Credit Facility. Notwithstanding anything to the contrary, the parties hereto acknowledge and agree that (a) the Commitments being provided hereunder are set forth in a single agreement for convenience only, and the Loans to each of the Borrowers are to be considered by the parties hereto as being made under a separate credit facility for each Borrower and (b) the obligations of the Borrowers under this Agreement are several and not joint except as otherwise explicitly provided in this Agreement.

Loans to Borrowers Separate Credit Facility. Notwithstanding anything to the contrary, the parties hereto acknowledge and agree that (a) the Commitments being provided hereunder are set forth in a single agreement for convenience only, and the Loans and other extensions of credit to each of the Borrowers are to be considered by the parties hereto as being made under a separate credit facility for each Borrower and (b) the obligations of the Borrowers under this Agreement are several and not joint except as otherwise explicitly provided in this Agreement.