Common use of Obligations Several, Not Joint Clause in Contracts

Obligations Several, Not Joint. The obligations of the Banks hereunder are several and not joint. The failure of any Bank to make the Loan to be made by it as part of any borrowing shall not relieve any other Bank of its obligation to make its Loan on the date of such borrowing, and no Bank shall be responsible for the failure of any other Bank to make the Loan to be made by such other Bank on the date of any borrowing.

Obligations Several, Not Joint. The obligations of the Banks hereunder are several and not joint. The failure of any Bank to make the Loan to be made by it as part of any borrowing Borrowing shall not relieve any other Bank of its obligation to make its Loan on the date of such borrowingBorrowing, and no Bank shall be responsible for the failure of any other Bank to make the Loan to be made by such other Bank on the date of any borrowingBorrowing.

Obligations Several, Not Joint. The obligations of the Banks hereunder are several and not joint. The failure of any Bank to make the Loan to be made by it as part of any borrowing Borrowing shall not relieve any other Bank of its obligation to make its Loan on the date of such borrowing, and no Bank shall be responsible for the failure of any other Bank to make the Loan to be made by such other Bank on the date of any borrowing.other