Parties' Rights and Obligations. 4.1 The obligations of each Party under this Agreement are several. Failure by a Party to perform its obligations under this Agreement does not affect the obligations of any other Party under this Agreement. No Party is responsible for the obligations of any other Party under this Agreement. The rights of each Consenting Creditor, Existing Trade Finance Provider and Fronting Bank under or in connection with this Agreement are separate and independent rights. A Consenting Creditor, Existing Trade Finance Provider or Fronting Bank may separately enforce its rights under this Agreement. 4.2 The obligations of each Consenting Creditor, Existing Trade Finance Provider and Fronting Bank under this Agreement are several. Failure by a Consenting Creditor, an Existing Trade Finance Provider or a Fronting Bank to perform its obligations under this Agreement does not affect the obligations of any other Consenting Creditor, Existing Trade Finance Provider or Fronting Bank under this Agreement. No Consenting Creditor, Existing Trade Finance Provider or Fronting Bank is responsible for the obligations of any other Consenting Creditor, Existing Trade Finance Provider or Fronting Bank under this Agreement.
Appears in 4 contracts
Samples: Conditional Risk Sub Participation Agreement, Restructuring Support Agreement, Restructuring Support Agreement
