Common use of Parallel Liability Clause in Contracts

Parallel Liability. Each Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Agent an amount equal to the aggregate amount of its Corresponding Liabilities (as these may exist from time to time). The parties agree that:

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Outdoor Holdings, Inc.)

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Parallel Liability. (a) Each Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Agent an amount equal to to, but not in addition to, the aggregate amount of its Corresponding Liabilities (as these may exist from time to time). The parties agree that:payment undertakings of each Loan Party under this Section 9.12 are each referred to as a “Parallel Liability”.

Appears in 1 contract

Samples: Credit Agreement (Procaps Group, S.A.)

Parallel Liability. Each Loan Party irrevocably and unconditionally undertakes to pay to the Collateral Administrative Agent an amount equal to the aggregate amount of its Corresponding Liabilities Obligations (as these may exist from time to time) (each, a “Parallel Liability”). The parties hereto agree that:

Appears in 1 contract

Samples: Securities Pledge Agreement (Cra International, Inc.)

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Parallel Liability. (a) Each Loan Party irrevocably and unconditionally undertakes to pay to the Administrative Agent in its capacity as Collateral Agent an amount equal to the aggregate amount of its Corresponding Liabilities (as these may exist from time to time). The parties agree that:210

Appears in 1 contract

Samples: Credit Agreement (Atotech LTD)

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