Common use of SEPARATE AND INDEPENDENT FACILITIES Clause in Contracts

SEPARATE AND INDEPENDENT FACILITIES. Subject to Clause 2.8 (Aggregation of Advances), the Facilities granted in this Agreement are separate and independent of each other. The aggregate of the amounts outstanding at any time under each Facility shall be a separate and independent debt.

Appears in 3 contracts

Sources: Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold)

SEPARATE AND INDEPENDENT FACILITIES. Subject to Clause 2.8 2.10 (Aggregation of AdvancesFacility B and Facility C), the Facilities granted in this Agreement are separate and independent of each other. The aggregate of the amounts outstanding at any time under each Facility shall be a separate and independent debt.

Appears in 1 contract

Sources: Multicurrency Revolving Credit Agreement (Royal Ahold)