Common use of Obligations of Creditor Parties several Clause in Contracts

Obligations of Creditor Parties several. The obligations of the Creditor Parties under this Agreement and the Master Agreement to which each is a party are several; and a failure of the Creditor Parties to perform its obligations under this Agreement or under the Master Agreement to which it is a party shall not result in: (a) the obligations of the other Creditor Parties being increased; nor (b) the Borrower, any Security Party, or any other Creditor Party being discharged (in whole or in part) from its obligations under any Finance Document or under any Master Agreement; and in no circumstances shall a Creditor Party have any responsibility for a failure of another Creditor Party to perform its obligations under this Agreement or a Master Agreement.

Obligations of Creditor Parties several. The obligations of the Creditor Parties under this Agreement and the Master Agreement to which each is a party are several; and a failure of the Creditor Parties to perform its obligations under this Agreement or under the Master Agreement to which it is a party shall not result in: (a) the obligations of the other Creditor Parties being increased; nor (b) the Borrower, any Security Party, or any other Creditor Party being discharged (in whole or in part) from its obligations under any Finance Document or under any Master Agreement; and in no circumstances shall a Creditor Party have any responsibility for a failure of another Creditor Party to perform its obligations under this Agreement or a Master Agreement.

Obligations of Creditor Parties several. The obligations of the Creditor Parties under this Agreement and the Master Agreement to which each is a party are several; and a failure of the Creditor Parties to perform its obligations under this Agreement or under the Master Agreement to which it is a party shall not result in: (a) the obligations of the other Creditor Parties being increased; nor (b) the any Borrower, any Security Party, or any other Creditor Party being discharged (in whole or in part) from its obligations under any Finance Document or under any Master Agreement; and in no circumstances shall a Creditor Party have any responsibility for a failure of another Creditor Party to perform its obligations under this Agreement or a Master Agreement.