Common use of Obligations Separate Clause in Contracts

Obligations Separate. The obligations of each Lender and the Agent under this Agreement are separate. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrower of any of their respective obligations hereunder.

Appears in 20 contracts

Samples: Credit Agreement, Credit Agreement (Gran Tierra Energy Inc.), Term Credit Agreement (ENERPLUS Corp)

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Obligations Separate. The obligations of each Lender and the Agent under this Agreement are separateseparate and several. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrower of any of their respective obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

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Obligations Separate. The obligations of each Lender and the Agent under this Agreement are separate. The failure of any Lender to carry out its obligations hereunder will not relieve the other Lenders, the Agent or the Borrower of any of their respective obligations hereunder.hereunder.‌

Appears in 1 contract

Samples: Credit Agreement

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