Several and Not Joint; Limited Liability. (a) Notwithstanding anything herein or in any other Loan Document to the contrary, or any document or instrument executed and delivered in connection herewith, the parties hereto agree that the obligations, liabilities and indemnities of each Lender hereunder shall be several and not joint, and no Lender shall have any liability hereunder for any breach by any other Lender of any obligation of such Lender set forth herein or in any other Loan Document.
Appears in 3 contracts
Samples: Credit Agreement (Decorative Home Accents Inc), Credit Agreement (Decorative Home Accents Inc), Credit Agreement (Decorative Home Accents Inc)
Several and Not Joint; Limited Liability. (a) Notwithstanding anything herein or in any other Term Loan Document to the contrary, or any document or instrument executed and delivered in connection herewith, the parties hereto agree that the obligations, liabilities and indemnities of each Term Lender hereunder shall be several and not joint, and no Term Lender shall have any liability hereunder for any breach by any other Term Lender of any obligation of such Term Lender set forth herein or in any other Term Loan Document.
Appears in 1 contract