One Obligation. The Loans, LC Obligations and other Obligations of the applicable Borrower(s) of each Borrower Group and their respective Guarantors shall constitute one general obligation of such Borrower(s) of such Borrower Group and their respective Guarantors and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon all Collateral of such Borrower(s) of such Borrower Group and their respective Guarantors; provided, however, that each Credit Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower or other Obligor to the extent of any Obligations jointly or severally owed by such Borrower or other Obligor to such Credit Party.
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Samples: Loan and Security Agreement (Topgolf Callaway Brands Corp.), Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Radiant Logistics, Inc)
One Obligation. The Loans, LC Obligations and other Obligations of the applicable Borrower(s) of each Borrower Group and their respective Guarantors shall constitute one general obligation of such Borrower(s) of such Borrower Group and their respective Guarantors and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon all Collateral of such Borrower(s) of such Borrower Group and their respective Guarantors; provided, however, that each Credit Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower or other Obligor to the extent of any Obligations jointly or severally owed by such Borrower or other Obligor to such Credit Party.. DB1/ 136236807.8
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One Obligation. The Loans, LC Obligations and other Without in any way limiting the Obligations of any Borrower with respect to its Guaranty of the applicable Borrower(s) Borrower Group Obligations of another Borrower Group, the Borrower Group Obligations owing by each Borrower Group and their respective Guarantors shall constitute one general obligation of such Borrower(s) of Borrowers within such Borrower Group and their respective Guarantors and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon all Collateral of such Borrower(s) each member of such Borrower Group and their respective GuarantorsGroup; provided, however, that each Credit Secured Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower or other Obligor to the extent of any Obligations jointly or severally owed by such Borrower or other Obligor to such Credit Secured Party.
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