Common use of Joint and Several Obligations of Pledgors Clause in Contracts

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 24, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Pledge Agreement (Amedisys Inc), Pledge Agreement (Amedisys Inc)

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Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 24, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation accommodations to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Dollar Thrifty Automotive Group Inc)

Joint and Several Obligations of Pledgors. (a) Subject to subsection clause (c) of this Section 2426, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the holders of the Secured PartiesObligations, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Loral Space & Communications LTD)

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 2422, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (RedHill Biopharma Ltd.)

Joint and Several Obligations of Pledgors. (aa)Subject to Section 23(c) Subject to subsection (c) of this Section 24hereof, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 2423(c), each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Kala Pharmaceuticals, Inc.)

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 2425, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Bioreliance Corp)

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Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 2426, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Credit Agreement (Cbeyond Communications Inc)

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 24, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the holders of the Secured PartiesObligations, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Credit Agreement (Sealy Mattress Co of Illinois)

Joint and Several Obligations of Pledgors. (a) Subject to subsection (cSection 23(c) of this Section 24hereof, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Dermira, Inc.)

Joint and Several Obligations of Pledgors. (a) Subject to subsection (c) of this Section 2427, each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the holders of the Secured PartiesObligations, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Pledge Agreement (Premiere Global Services, Inc.)

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