Common use of Rights Several Clause in Contracts

Rights Several. The obligations of each Obligor to the Finance Parties under the Finance Documents are owed to each of them as separate and independent obligations. Each Finance Party may, except as otherwise stated herein, separately enforce its rights hereunder without joining in any other Finance Party.

Appears in 2 contracts

Samples: Facility Agreement (Central Power & Light Co /Tx/), Facility Agreement (Pacificorp /Or/)

AutoNDA by SimpleDocs

Rights Several. The obligations of each Obligor to the towards each Finance Parties under the Finance Documents Party hereunder are owed given to each of them as separate and independent obligationsrights. Each Finance Party may, except as otherwise stated herein, may separately enforce its rights hereunder without joining in any under each Finance Document, subject to the other terms of the Finance PartyDocuments.

Appears in 2 contracts

Samples: Facilities Agreement (Autoliv Inc), Facilities Agreement (Autoliv Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.