We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Severalty of Obligations Clause in Contracts

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 27 contracts

Samples: Note Purchase and Private Shelf Agreement (Tractor Supply Co /De/), Private Shelf Agreement (Saia Inc), Note Purchase and Private Shelf Agreement (Centerspace)

AutoNDA by SimpleDocs

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person Purchaser hereunder.

Appears in 5 contracts

Samples: Master Note Agreement (Graco Inc), Senior Secured Note Agreement (ORBCOMM Inc.), Note Agreement (Graco Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No Except as provided in paragraph 3E, no failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company any Obligor of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person Purchaser hereunder.

Appears in 4 contracts

Samples: Note Purchase Agreement (Aaron's Inc), Note Purchase Agreement (Aaron's Inc), Note Purchase Agreement (Aaron Rents Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No Except as provided in paragraph 3E, no failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company any Issuer of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person Purchaser hereunder.

Appears in 4 contracts

Samples: Note Purchase Agreement (Aaron's Inc), Note Purchase Agreement (Aaron's Inc), Note Purchase Agreement (Aaron's Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or Holdings or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 4 contracts

Samples: Note Purchase Agreement (Alexander & Baldwin, Inc.), Note Purchase and Private Shelf Agreement (Alexander & Baldwin, Inc.), Note Purchase and Private Shelf Agreement (Alexander & Baldwin Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company Issuer of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 3 contracts

Samples: Note Purchase and Private Shelf Agreement (Lci Industries), Note Purchase Agreement (Newmarket Corp), Note Purchase and Private Shelf Agreement (DREW INDUSTRIES Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 3 contracts

Samples: Note Purchase Agreement (Crosstex Energy Lp), Note Purchase Agreement (GMX Resources Inc), Revolving Credit and Reimbursement Agreement (Willcox & Gibbs Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve Prudential, any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 2 contracts

Samples: Private Shelf Agreement (Watsco Inc), Note Purchase and Private Shelf Agreement (Waste Industries Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company any Transaction Party of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person Purchaser hereunder.

Appears in 1 contract

Samples: Note Agreement (Gorman Rupp Co)

Severalty of Obligations. The sales of Shelf Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Private Shelf Agreement (Tennant Co)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and or the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Twin Disc Inc)

AutoNDA by SimpleDocs

Severalty of Obligations. The sales delivery or sales, as the case may be, of Notes to the Purchasers are to be several deliveries or sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve Prudential, any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Waste Industries Usa Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or either of the Company Companies of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Private Shelf Agreement (Alexander & Baldwin Inc)

Severalty of Obligations. The sales of the Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any no Purchaser shall be responsible for the representations or obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Agreement (Genencor International Inc)

Severalty of Obligations. The sales delivery of Notes to the Purchasers are to be several salesdeliveries, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve Prudential, any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (Waste Industries Usa Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be were several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (American Biltrite Inc)

Severalty of Obligations. The sales of Shelf Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company Issuer of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Drew Industries Inc)

Severalty of Obligations. The sales of Shelf Notes to the Purchasers are to be several sales, and the obligations of Prudential and the Purchasers under this Agreement are several obligations. No failure by Prudential or any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or the Company Co-Issuers of any of its obligations hereunder, and neither Prudential nor any Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other such Person hereunder.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Drew Industries Inc)

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