Common use of Parallel Liability Clause in Contracts

Parallel Liability. (a) Each Credit Party irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the aggregate amount of its Obligations (as these may exist from time to time).

Appears in 8 contracts

Samples: Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), Second Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)

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Parallel Liability. (a) Each Credit Loan Party irrevocably and unconditionally undertakes to pay to the Administrative Collateral Agent an amount equal to the aggregate amount of its Obligations Corresponding Liabilities (as these may exist from time to time).

Appears in 4 contracts

Samples: Credit Agreement (Atotech LTD), Credit Agreement (Broadcom LTD), Second Amendment (Broadcom Cayman L.P.)

Parallel Liability. (a) a. Each Credit Party irrevocably and unconditionally undertakes to pay to the Administrative Collateral Agent an amount equal to the aggregate amount of its Obligations Corresponding Liabilities (as these may exist from time to time).

Appears in 1 contract

Samples: Loan Agreement (INSMED Inc)

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Parallel Liability. (a) Each Credit Loan Party irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the aggregate amount of its Obligations Corresponding Liabilities (as these may exist from time to time).

Appears in 1 contract

Samples: Credit Agreement (Broadcom LTD)

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