Common use of Rights Several Clause in Contracts

Rights Several. The rights of the Banks are several. The amount at any time owing by the Obligors to any party under this Agreement shall be separate and independent debt from the amount owing to any other party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cousin Acquisition Inc)

AutoNDA by SimpleDocs

Rights Several. The rights of the Banks are also several. The amount at any time owing by the Obligors Borrower to any party under this Agreement shall be a separate and independent debt from the 70 72 amount owing to any other party.

Appears in 1 contract

Samples: Credit Agreement (Misys PLC)

Rights Several. The rights of the Banks are also several. The amount at any time owing by the Obligors 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 Arranging Party, 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: Loan Agreement (Chartered Semiconductor Manufacturing LTD)

AutoNDA by SimpleDocs

Rights Several. The rights of the Banks are also several. The amount at any time owing by the Obligors 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: Loan Agreement (Chartered Semiconductor Manufacturing LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!