Each Term Sample Clauses
The "Each Term" clause defines how individual terms within a contract are to be interpreted or applied independently. In practice, this means that if one term is found to be invalid or unenforceable, the remaining terms continue to operate as intended, without being affected by the problematic provision. This approach ensures that the contract remains largely effective even if specific terms are challenged, thereby preserving the overall agreement and minimizing disruption.
Each Term. Loan Borrower further agrees that its agreement hereunder constitutes a promise of payment when due and not of collection, and waives any right to require that any resort be had by any Term Loan Lender or the Issuing Bank to any balance of any deposit account or credit on the books of any Term Loan Lender or the Issuing Bank in favor of any other Term Loan Borrower or any other person.