Common use of INDEPENDENT NATURE OF LENDERS' RIGHTS Clause in Contracts

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of such Lender’s Loans and under any Note or Notes held by it shall be a separate and independent debt.

Appears in 5 contracts

Samples: Pledge Agreement (Transmontaigne Inc), Credit Agreement (Coleman Cable, Inc.), Credit Agreement (TransMontaigne Partners L.P.)

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INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of such Lender’s Loans and under any Note or Notes held by it shall be a separate and independent debt.

Appears in 2 contracts

Samples: TransMontaigne Partners L.P., TLP Equity Holdings, LLC

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts amount payable at any time hereunder to each Lender on account of under such Lender’s Loans and under any 's Note or Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Chi Energy Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any ------------------------------------- time hereunder to each Lender on account of under such Lender’s Loans and under any 's Revolving Note or Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Intercreditor Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at ------------------------------------- any time hereunder to each Lender on account of under such Lender’s Loans and under any 's Revolving Note or Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of such Lender’s 's Loans and under any Revolving Note or Revolving Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Funding Services, Inc.)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of under such Lender’s Loans and under any 's Revolving Note or Notes held by it and Term Note or Notes shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Wickes Inc)

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INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any ------------------------------------- time hereunder to each Lender on account of under such Lender’s Loans and under any 's Note or Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Converse Inc)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of under such Lender’s Loans and under any Revolving Note or Notes held by it shall be a separate and independent debt.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

INDEPENDENT NATURE OF LENDERS' RIGHTS. The amounts payable at any time hereunder to each Lender on account of under such Lender’s Loans and under any 's Note or Notes held by it shall be a separate and independent debtdebt of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ameristeel Corp)

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