Common use of Joint and Several Liability of Canadian Borrowers Clause in Contracts

Joint and Several Liability of Canadian Borrowers. (a) Each Canadian Borrower is accepting joint and several liability hereunder and under the other Loan Documents for the Canadian Obligations with the other Canadian Borrowers in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Canadian Borrower and in consideration of the undertakings of the other Canadian Borrowers to accept joint and several liability for the Canadian Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Arc Document Solutions, Inc.), Credit Agreement (American Reprographics CO)

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Joint and Several Liability of Canadian Borrowers. (ai) Each Canadian Borrower is accepting joint and several liability hereunder and under the other Loan Documents for the Canadian Obligations with the other Canadian Borrowers in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Canadian Borrower and in consideration of the undertakings of the other Canadian Borrowers to accept joint and several liability for the Canadian Obligations.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

Joint and Several Liability of Canadian Borrowers. (a) Each Canadian Borrower is accepting joint and several liability hereunder and under the other Loan Documents for the Canadian Obligations with the other executed by Canadian Borrowers in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Canadian Borrower and in consideration of the undertakings of the other Canadian Borrowers to accept joint and several liability for the Canadian Obligationshereunder.

Appears in 1 contract

Samples: Credit Agreement (Upland Software, Inc.)

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Joint and Several Liability of Canadian Borrowers. (ai) Each Canadian Borrower is accepting joint and several liability hereunder and under the other Loan Documents for in respect of the Canadian Obligations with of the other Canadian Borrowers in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Canadian Borrower and in consideration of the undertakings of the other Canadian Borrowers to accept joint and several liability for the Canadian Obligations.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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