Common use of Rights Several Clause in Contracts

Rights Several. The rights of the Lenders are several and, for the avoidance of doubt, each Lender may separately enforce its rights under this Agreement except as otherwise provided herein. 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: Transfer Agreement (Alstom)

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Rights Several. The rights of the Lenders are several and, for the avoidance of doubt, each Lender may separately enforce its rights under this Agreement except as otherwise provided hereinalso several. 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 the Agent, the Security Trustee or any Lender to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Agreement (American Eagle Tankers Inc LTD)

Rights Several. The rights of the Lenders Banks are several and, for the avoidance of doubt, each Lender may separately enforce its rights under this Agreement except as otherwise provided hereinalso several. 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, the Security Trustee or any Bank to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Supplemental Agreement (Chartered Semiconductor Manufacturing LTD)

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Rights Several. The rights of the Lenders are several and, for the avoidance of doubt, each Lender may separately enforce its rights under this Agreement except as otherwise provided hereinalso several. 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 Lead Arranger, any Agent or any Lender to be joined as an additional party in any proceedings for this purpose.

Appears in 1 contract

Samples: Chartered Semiconductor Manufacturing LTD

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