Common use of One Obligation Clause in Contracts

One Obligation. The Revolver Loans, LC Obligations and other Obligations constitute one general obligation of Borrowers and are secured by Agent’s Lien on all Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Mynd.ai, Inc.)

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One Obligation. The Revolver Loans, LC Obligations and other Obligations constitute one general obligation of Borrowers and are secured by Agent’s Lien on all Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Wausau Paper Corp.)

One Obligation. The Revolver Loans, LC Obligations and other Obligations constitute one general obligation of Borrowers (unless otherwise expressly provided in any Loan Document) and are secured by Agent’s Lien on all Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Amkor Technology, Inc.)

One Obligation. The Revolver Loans, LC Obligations and other Obligations constitute one general obligation obligation, on a joint and several basis, of Borrowers and are secured by Agent’s Lien on all Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

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One Obligation. The Revolver Loans, LC Obligations and other Obligations (other than Secured Bank Product Obligations) constitute one general obligation of Borrowers and all Obligations (including the Secured Bank Product Obligations) are secured by Agent’s Lien on all Collateral; provided, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (ArcLight Clean Transition Corp.)

One Obligation. The Revolver Loans, LC Obligations and other Obligations constitute one general obligation of Borrowers Borrower and are secured by Agent’s Lien on all Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Vizio Holding Corp.)

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