Common use of Several Commitments Clause in Contracts

Several Commitments. The obligations hereunder of the Participants shall be several and not joint and no Participant shall be liable or responsible for the acts or defaults of any other Participant.

Appears in 3 contracts

Samples: Participation Agreement (Spinnaker Exploration Co), Participation Agreement (LSB Industries Inc), Participation Agreement (Pope & Talbot Inc /De/)

AutoNDA by SimpleDocs

Several Commitments. The obligations hereunder of the ------------------- Participants shall be several and not joint and no Participant shall be liable or responsible for the acts or defaults of any other Participant.

Appears in 1 contract

Samples: Participation Agreement (Pope & Talbot Inc /De/)

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