Common use of Nature of Obligations Under This Agreement Clause in Contracts

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrowers of any of their respective obligations hereunder. (2) Neither the Agent nor any Lender will be responsible for the obligations of any other Lender hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.)

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Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrowers of any of their respective obligations hereunder. (2) Neither the Agent nor any Lender will be responsible for the obligations of any other Lender hereunder.not

Appears in 2 contracts

Samples: Eighth Amendment to Eighth Amended and Restated Credit Agreement and Consent Agreement (Just Energy Group Inc.), Support Agreement (Just Energy Group Inc.)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will shall not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunder. (2) Neither the Agent nor any Lender will shall be responsible for the obligations of any other Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Wireless Inc), Credit Agreement (Nordion Inc.)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunder. (2) Neither the Agent nor any Lender will be responsible for the obligations of any other Lender hereunder.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Just Energy Group Inc.)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrowers of any of their respective obligations hereunder. . (2) Neither the Agent nor any Lender will be responsible for the obligations of any other Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Just Energy Group Inc.), Support Agreement Supplement (Just Energy Group Inc.)

Nature of Obligations Under This Agreement. (1a) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will shall not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunder. . Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership. (2b) Neither the Agent nor any Lender will shall be responsible for the obligations of any other Lender hereunder. 2.

Appears in 1 contract

Samples: Credit Agreement (Magna International Inc)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will shall not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunder.. 63 (2) Neither the Agent nor any Lender will shall be responsible for the obligations of any other Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless France SAS)

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Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will shall not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunder. Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership. (2) Neither the Agent nor any Lender will shall be responsible for the obligations of any other Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Valens Company, Inc.)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and severalseveral . The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrowers Borrower of any of their respective obligations hereunderhereunder . (2) Neither the Agent nor any Lender will be responsible for the obligations of any other Lender hereunder.

Appears in 1 contract

Samples: Loan Agreement (Just Energy Group Inc.)

Nature of Obligations Under This Agreement. (1) The obligations of each Lender and of the Agent under this Agreement are several and not joint and several. The failure of any Lender to carry out its obligations hereunder will shall not relieve the other Lenders, the Agent or the Borrowers of any of their respective obligations hereunder. Neither the entering into of this Agreement nor the completion of any transactions contemplated herein shall constitute the Lenders a partnership. (2) Neither the Agent nor any Lender will shall be responsible for the obligations of any other Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Points International LTD)

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