Common use of Obligations of Noteholders Clause in Contracts

Obligations of Noteholders. The obligations hereunder of the Noteholders are several and not joint, and a breach by one Noteholder of the terms of this Agreement shall not release other Noteholders from terms of this Agreement or their obligations hereunder and shall not terminate this Agreement.

Appears in 3 contracts

Samples: Exchange Agreement (American Media Inc), Exchange Agreement (American Media Inc), Exchange Agreement (American Media Inc)

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Obligations of Noteholders. The obligations hereunder of the Noteholders hereunder are several and not joint, and a breach the failure of any Noteholder to perform the actions contemplated by one Noteholder of the terms of this Agreement shall not release impair the rights and obligations of any other Noteholders from terms of this Agreement or their obligations hereunder and shall not terminate Noteholder under this Agreement.

Appears in 1 contract

Samples: Exchange Agreement (Globalstar, Inc.)

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