Common use of One Obligation Clause in Contracts

One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers and are secured by ▇▇▇▇▇▇’s Lien on all Collateral; provided, however, that 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.

One Obligation. The Loans Term Loan and other Obligations shall constitute one general obligation of Borrowers and are secured by ▇▇▇▇▇▇Lender’s Lien on all Collateral; provided, however, that 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.

One Obligation. The Loans Loan and other Obligations shall constitute one general obligation of Borrowers and are secured by ▇▇▇▇▇▇’s Lender's Lien on all Collateral; provided, however, that 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.

One Obligation. The Loans Term Loan 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.

One Obligation. The Loans Term Loan and other Obligations shall constitute one general obligation of Borrowers and are (unless otherwise expressly provided in any Loan Document) shall be secured by ▇▇▇▇▇▇Agent’s Lien on 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 Borrower to the extent of any Obligations jointly or severally owed by such Borrower.