Common use of Not Negotiable Clause in Contracts

Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to.

Appears in 3 contracts

Samples: Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Security Agreement (USD Partners LP)

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Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to.

Appears in 1 contract

Samples: Agreement (Baytex Energy Corp.)

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Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to. .

Appears in 1 contract

Samples: Security Agreement (USD Partners LP)

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