Rights Several. The rights of the Banks are also several and, for the avoidance of doubt, each Bank may separately enforce its rights under this Agreement. The amount at any time owing by the Borrower to any party under this Agreement shall be a separate and independent debt from the amount owing to any other party.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Alstom), Revolving Credit Agreement (Alstom), Revolving Credit Facility Agreement (Alstom)
Rights Several. The rights of the Banks are also several and, for the avoidance of doubt, each Bank may separately enforce its rights under this Agreementseveral. The amount at any time owing by the Borrower to any party under this Agreement shall be a separate and independent debt from the amount owing to any other party. Each party shall have the right to protect and enforce its rights arising out of this Agreement and it shall not be necessary for any Arranger, the Agent or any Bank to be joined as an additional party in any proceedings for this purpose.
Appears in 1 contract
Samples: Loan Agreement (Chartered Semiconductor Manufacturing LTD)
Rights Several. The rights of the Banks are also several and, for the avoidance of doubt, each Bank may separately enforce its rights under this Agreementseveral. The amount at any time owing by the Borrower to any party under this Agreement shall be a separate and independent debt from the amount owing to any other party.
Appears in 1 contract
Samples: Revolving Credit Agreement (Alstom)
