Common use of Separate Obligation Clause in Contracts

Separate Obligation. The obligation of each Lender to make its Commitment available to the Borrower is a separate obligation between each Lender and the Borrower, and that obligation is not the several or joint and several obligation of any other Lender.

Appears in 7 contracts

Samples: Credit Agreement (Tricon Residential Inc.), Credit Agreement (Tricon Residential Inc.), Credit Agreement (SunOpta Inc.)

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Separate Obligation. The obligation of each Lender to make its Commitment available to the Borrower Borrowers is a separate obligation between each Lender and the BorrowerBorrowers, and that obligation is not the several or joint and several obligation of any other LenderLender or the L/C Issuer.

Appears in 3 contracts

Samples: Credit Agreement (Lithia Motors Inc), Credit Agreement (Lithia Motors Inc), Credit Agreement (Lithia Motors Inc)

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