Common use of One Obligation Clause in Contracts

One Obligation. Without in any way limiting the Obligations of any Loan Party, the Obligations shall constitute one general obligation of Loan Parties and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon 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 Loan Party to the extent of any Obligations jointly or severally owed by such Loan Party.

One Obligation. Without in any way limiting the The Loans and other Obligations of any Loan Party, the Obligations Borrowers shall constitute one general obligation of Loan Parties such Borrowers and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon all CollateralCollateral of such Borrowers; provided, however, that Agent and each Lender Credit Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Loan Party Borrower or other Obligor to the extent of any Obligations jointly or severally owed by such Loan Borrower or other Obligor to such Credit Party.

One Obligation. Without in any way limiting the Obligations of any Loan Party, the The Loans and other Borrower Obligations shall constitute one general obligation of Loan Parties the Borrowers and (unless otherwise expressly provided in any Loan Document) shall be secured by Administrative Agent’s Lien upon all CollateralCollateral of the Borrowers; provided, however, that each Agent and each Lender other Secured Party shall be deemed to be a creditor of, and the holder of a separate claim against, each Loan Party Borrower to the extent of any Borrower Obligations jointly or severally owed by such Loan PartyBorrower.

One Obligation. Without in any way limiting the Obligations of any Loan Party, the The Term Loans and other Obligations shall constitute one general obligation of Loan Parties each Obligated Party and (unless otherwise expressly provided in any Loan Document) shall be secured by Agent’s Lien upon 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 Loan Obligated Party to the extent of any Obligations jointly or severally owed by such Loan Obligated Party.