Common use of Finance Parties’ rights and obligations Clause in Contracts

Finance Parties’ rights and obligations. 2.3.1 The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a separate and independent debt in respect of which a Finance Party shall be entitled to enforce its rights in accordance with Clause 2.3.3

Appears in 1 contract

Samples: ICL Group Ltd.

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Finance Parties’ rights and obligations. 2.3.1 The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is the Borrowers shall be a separate and independent debt in respect of which a debt. A Finance Party shall be entitled to may, except as otherwise stated in the Finance Documents, separately enforce its rights in accordance with Clause 2.3.3under the Finance Documents. 2.3

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Finance Parties’ rights and obligations. 2.3.1 The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is a Security Party shall be a separate and independent debt in respect of which a debt. 2.3.3 A Finance Party shall be entitled to may with the consent of the Majority Lenders and except as otherwise stated in the Finance Documents, separately enforce its rights in accordance with Clause 2.3.3under the Finance Documents.

Appears in 1 contract

Samples: Fifth Supplemental Agreement (TORM PLC)

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Finance Parties’ rights and obligations. 2.3.1 The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Finance Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 2.3.2 The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor is any of the Obligors shall be a separate and independent debt in respect of which a debt. A Finance Party shall be entitled to may, except as otherwise stated in the Finance Documents, separately enforce its rights in accordance with Clause 2.3.3under the Finance Documents.

Appears in 1 contract

Samples: Credit Facilities Agreement

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