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 the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other 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)

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Severalty of Obligations. The sales of Notes Securities to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3EParagraph 3, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Language Line Services Holdings, Inc.), Securities Purchase Agreement (LL Services Inc.), Securities Purchase Agreement (Language Line Holdings, Inc.)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no No failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser such Person hereunder.

Appears in 3 contracts

Samples: Note Purchase Agreement (Crosstex Energy Lp), Note Purchase Agreement (GMX Resources Inc), 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 the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E3G, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 2 contracts

Samples: Note Agreement (Pulitzer Inc), Note Agreement (Rohr Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3ESection 3G, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 2 contracts

Samples: Note Purchase Agreement (Heritage Propane Partners L P), Note Purchase Agreement (Heritage Propane Partners L P)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E3F, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Corporation of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 1 contract

Samples: Note Agreement (Devon Energy Corp /Ok/)

Severalty of Obligations. The sales of the Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no No failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the representations or obligations of, or any action taken or omitted by, any other Purchaser such Person hereunder.

Appears in 1 contract

Samples: Note Agreement (Genencor International Inc)

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Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E3D, no failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Company of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 1 contract

Samples: Brown & Sharpe Manufacturing Co /De/

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no No failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer the Partnership of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 1 contract

Samples: Note Purchase Agreement (Mid America Apartment Communities Inc)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no No failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer Transaction Party of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 1 contract

Samples: Note Agreement (Gorman Rupp Co)

Severalty of Obligations. The sales of Notes to the Purchasers are to be several sales, and the obligations of the Purchasers under this Agreement are several obligations. Except as provided in paragraph 3E, no No failure by any Purchaser to perform its obligations under this Agreement shall relieve any other Purchaser or any Issuer of any of its obligations hereunder, and no Purchaser shall be responsible for the obligations of, or any action taken or omitted by, any other Purchaser hereunder.

Appears in 1 contract

Samples: Private Shelf Agreement (Winmark Corp)

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