Rights and Obligations of Senior Finance Parties. The rights and obligations of each of the Senior Finance Parties under the Senior Finance Documents are several and the total amounts outstanding at any time under the Senior Finance Documents constitute separate and independent debts. Failure of a Senior Finance Party to observe and perform its obligations under any Senior Finance Document shall neither: (a) result in any other Senior Finance Party incurring any liability whatsoever; nor (b) relieve any Obligor or any other Senior Finance Party from their respective obligations under the Senior Finance Documents.
Appears in 3 contracts
Samples: Loan Agreement (Elster Group SE), Loan Agreement (Elster Group SE), Term Facility Agreement (Yell Finance Bv)
Rights and Obligations of Senior Finance Parties. The rights and obligations of each of the Senior Finance Parties under the Senior Finance Documents are several and the total amounts outstanding at any time under the Senior Finance Documents constitute separate and independent debts. Failure of a Senior Finance Party to observe and perform its obligations under any Senior Finance Document shall neither:neither:-
(a) result in any other Senior Finance Party incurring any liability whatsoever; nor
(b) relieve any Obligor or any other Senior Finance Party from their respective obligations under the Senior Finance Documents.
Appears in 1 contract
Samples: Credit Facilities Agreement (Lucite International Group Holdings LTD)
