Common use of Borrower Limitations Clause in Contracts

Borrower Limitations. Each Borrower shall be liable for its Obligations (including, without limitation, Loans extended to it). The Company shall be liable for each European Borrower’s Obligations as set forth in Section 10.01. Each European Borrower shall be liable for each other European Borrower’s Obligations as set forth in Section 10.02, but shall in no event be liable for any of the Company’s Obligations. Each Subsidiary Guarantor shall guaranty the repayment of all Obligations, irrespective of the Borrower that incurs such Obligations.

Borrower Limitations. Each Borrower shall be liable for its Obligations (including, without limitation, Loans extended to it). The Company shall be liable for each European Borrower’s Obligations as set forth in Section 10.01Obligations. Each European Borrower shall be liable for each other European Borrower’s Obligations as set forth in Section 10.02Obligations, but shall in no event be liable for any of the Company’s Obligations. Each Subsidiary Guarantor shall guaranty the repayment of all Obligations, irrespective of the Borrower that incurs such Obligations.