Single Agreements Sample Clauses
The Single Agreements clause establishes that all transactions or contracts between the parties are considered part of one unified agreement rather than separate, independent contracts. In practice, this means that obligations and rights under various individual transactions are interconnected, so a default or breach in one transaction can affect the entire relationship. This structure is commonly used in master agreements, such as those in financial derivatives, to allow for netting of obligations and to reduce credit risk. The core function of this clause is to ensure that the parties' dealings are treated as a single legal relationship, thereby simplifying enforcement and risk management.
Single Agreements. The Purchaser, the Seller and the Guarantor acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in reliance upon the fact that all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Accordingly, each of the Purchaser, the Seller and the Guarantor agrees to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder.
Single Agreements. The Purchaser, the Seller and the Guarantors acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in reliance upon the fact that, all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Each of the Seller and the Guarantors agree (i) to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, and (ii) that payments, deliveries and other transfers made by it or others on its behalf in respect of any Transaction shall be deemed to have been made in consideration of payments, deliveries and other transfers in respect of any other Transactions hereunder, and the obligations to make any such payments, deliveries and other transfers may be applied against each other and netted.
Single Agreements. 107 Section 13.19 Disclosure Relating to Certain Federal Protections...................................107 Section 13.20 Intent...............................................................................108 Section 13.21 Periodic Due Diligence Review........................................................108
Single Agreements. The Deal Agent, the Purchaser, the Seller and the Guarantor acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in reliance upon the fact that all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Accordingly, each of the Purchaser, the Seller and the Guarantor (i) agrees to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, and (ii) that payments, deliveries and other transfers made by it or others on its behalf in respect of any Transaction shall be deemed to have been made in consideration of payments, deliveries and other transfers in respect of any other Transactions hereunder, and the obligations to make any such payments, deliveries and other transfers may be applied against each other and netted.
Single Agreements. Buyer and Seller acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in reliance upon the fact that, all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Accordingly, each of Buyer and Seller agrees (i) to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, (ii) that each of them shall be entitled to set off claims and apply property held by them in respect of any Transaction against obligations owing to them in respect of any other Transaction hereunder, (iii) that payments, deliveries, and other transfers made by either of them in respect of any Transaction shall be deemed to have been made in consideration of payments, deliveries, and other transfers in respect of any other Transactions hereunder, and the obligations to make any such payments, deliveries, and other transfers may be applied against each other and netted and (iv) to promptly provide notice to the other after any such set off or application.
Single Agreements. The Administrative Agent, the Lenders and the Borrowers acknowledge that, and have entered hereinto and will enter into each Loan hereunder in consideration of and in reliance upon the fact that all Loans hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Loans. Accordingly, each Borrower agrees to perform all of its obligations in respect of each Loan hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Loans hereunder.
Single Agreements. 70 Section 13.04 Notices and Other Communications.......................... 70 Section 13.05 Entire Agreement; Severability............................ 71 Section 13.06 Terminability............................................. 72 Section 13.07 Governing Law............................................. 72 Section 13.08 Submission to Jurisdiction; Waivers....................... 72 Section 13.09 No Waivers, Etc. ......................................... 73 Section 13.10 Intent.................................................... 73 Section 13.11 Periodic Due Diligence Review............................. 74 Section 13.12 Buyer's Appointment as Attorney-in-Fact................... 74 Section 13.13