Common use of Direct Liability Clause in Contracts

Direct Liability. Nothing contained in this Section 14.08 shall limit the liability of any Credit Party to pay Loans and other extensions of Credit made directly or indirectly to that Credit Party (including Loans and other extensions of credit advanced to any other Credit Party and then re-loaned or otherwise transferred to, or for the benefit of, such Credit Party), Letter of Credit Outstandings relating to Letters of Credit issued to support such Credit Party’s business, and all accrued interest, fees, expenses and other related Obligations with respect thereto, for which such Credit Party shall be primarily liable for all purposes hereunder. The Administrative Agent shall have the right, at any time in its discretion, to condition Loans and Letters of Credit upon a separate calculation of borrowing availability for each Credit Party and to restrict the disbursement and use of such Loans and Letters of Credit to such Credit Party.