Several Obligations of Borrowers. Subject to the US Borrower’s guaranty obligations under the Canadian Guaranty, the obligations of the Borrowers to pay the principal of and interest on each Credit Extension are several and not joint, and the Canadian Borrower and its Subsidiaries shall not be liable for the payment obligations of the US Borrower hereunder.
Appears in 4 contracts
Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)
Several Obligations of Borrowers. Subject to the US Borrower’s guaranty obligations under the Canadian Guaranty, which shall be joint and several, the other obligations of the Borrowers to pay the principal of of, interest on, and interest on fees associated with each Credit Extension are several and not joint, and the Canadian Borrower and its the other Foreign Subsidiaries shall not be liable for the payment obligations of the US Borrower hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)
Several Obligations of Borrowers. Subject to the US Borrower’s guaranty obligations under the Canadian Guaranty, the obligations of the Borrowers to pay the principal of and interest on each Credit Extension are several and not joint, and the Canadian Borrower and its Foreign Subsidiaries shall not be liable for the payment obligations of the US Borrower hereunder.
Appears in 1 contract
Samples: Credit Agreement (Complete Production Services, Inc.)
