Common use of Several Obligations Clause in Contracts

Several Obligations. The obligations of the Banks hereunder are several. Neither the failure of any Bank to carry out its obligations hereunder nor of this Agreement to be duly authorized, executed and delivery by any Bank shall relieve any other Bank of its obligations hereunder (or affect the rights hereunder of such other Bank). No Bank shall be responsible for the obligations of, or any action taken or omitted by, any other Bank hereunder.

Appears in 23 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Term Loan Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Several Obligations. The respective obligations of the Banks hereunder are severalseveral and not joint and no Bank shall be the partner or agent of any other. Neither the The failure of any Bank to carry out perform any of its obligations hereunder nor of this Agreement to be duly authorized, executed and delivery by any Bank shall not relieve any other Bank from any of its obligations hereunder (or affect the rights hereunder of such other Bank). No Bank shall be responsible for the obligations of, or any action taken or omitted by, any other Bank hereunder.

Appears in 22 contracts

Samples: Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.), Credit Agreement (Cme Group Inc.)

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Several Obligations. The obligations of the Banks hereunder are several. Neither the failure of any Bank to carry out its obligations hereunder nor of this Agreement to be duly authorized, executed and delivery delivered by any Bank shall relieve any other Bank of its obligations hereunder (or affect the rights hereunder of such other Bank). No Bank shall be responsible for the obligations of, or any action taken or omitted by, any other Bank hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Hilton Hotels Corp), Credit Agreement (Hilton Hotels Corp), Credit Agreement (Hilton Hotels Corp)

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