Common use of Secured Parties’ rights and obligations Clause in Contracts

Secured Parties’ rights and obligations. (a) The obligations of each Secured Party under the Finance Documents are several. Failure by a Secured Party to perform its obligations under any Finance Document does not affect the obligations of any other Party under any Finance Document. No Secured Party is responsible for the obligations of any other Secured Party under any Finance Document. (b) The rights of each Secured Party under or in connection with the Finance Documents are separate and independent rights and any indebtedness arising under the Finance Documents to a Secured Party from an Obligor shall be a separate and independent debt. (c) Except as otherwise stated in the Finance Documents and subject always to Clause 28, Clause 29 and Clause 31.15, a Secured Party may enforce its rights under the Finance Documents separately.

Secured Parties’ rights and obligations. (a) The obligations of each Secured Party under the Finance Documents are several. Failure by a Secured Party to perform its obligations under any the Finance Document Documents does not affect the obligations of any other Party under any the Finance DocumentDocuments. No Secured Party is responsible for the obligations of any other Secured Party under any the Finance DocumentDocuments. (b) The rights of each Secured Party under or in connection with the Finance Documents are separate and independent rights and any indebtedness debt arising under the Finance Documents to a Secured Party from an Obligor shall be a separate and independent debt. (c) Except A Secured Party may, except as otherwise stated in the Finance Documents and subject always to Clause 28Documents, Clause 29 and Clause 31.15, a Secured Party may separately enforce its rights under the Finance Documents separatelyDocuments.

Secured Parties’ rights and obligations. (a) The obligations of each Secured Party under the Finance Documents are several. Failure by a Secured Party to perform its obligations under any the Finance Document Documents does not affect the obligations of any other Party under any the Finance DocumentDocuments. No Secured Party is responsible for the obligations of any other Secured Party under any the Finance DocumentDocuments. (b) The rights of each Secured Party under or in connection with the Finance Documents are separate and independent rights and any indebtedness debt arising under the Finance Documents to a Secured Party from the Parent or an Obligor shall be a separate and independent debt. (c) Except A Secured Party may, except as otherwise stated in the Finance Documents and subject always to Clause 28Documents, Clause 29 and Clause 31.15, a Secured Party may separately enforce its rights under the Finance Documents separately.Documents. A07131148/0.28/12 Dec 2006

Secured Parties’ rights and obligations. (a) The obligations of each Secured Party under the Finance Documents are several. Failure by a Secured Party to perform its obligations under any the Finance Document Documents does not affect the obligations of any other Party under any the Finance DocumentDocuments. No Secured Party is responsible for the obligations of any other Secured Party under any the Finance DocumentDocuments. (b) The rights of each Secured Party under or in connection with the Finance Documents are separate and independent rights and any indebtedness debt arising under the Finance Documents to a Secured Party from an Obligor the Borrower or the Sponsor shall be a separate and independent debt. (c) Except A Secured Party may, except as otherwise stated in the Finance Documents and subject always (including pursuant to Clause 2834 (Enforcement of transaction security)), Clause 29 and Clause 31.15, a Secured Party may separately enforce its rights to collect amounts due and payable to such Secured Party under the Finance Documents separatelyDocuments.