Nature of Rights and Obligations. (a) The obligations of a Finance Party and each Obligor under the Finance Documents are several. Failure of a Finance Party or an Obligor to carry out those obligations does not relieve any other Party of its obligations under the Finance Documents. No Finance Party or Obligor is responsible for the obligations of any other Finance Party or Obligor under the Finance Documents save and to the extent that the relevant obligations are guaranteed by another Obligor.
Nature of Rights and Obligations. Except as expressly provided in this Agreement, the Member, as a Member, shall not participate in the management or control of the Company’s business nor shall it transact any Business for the Company. The Member shall indemnify the Company from and against any cost or expense incurred by the Company as a result of any unauthorized action by the Member.
Nature of Rights and Obligations. (A) No Release: The obligations of the Shareholders under this Agreement (excluding, for the avoidance of doubt, any obligation of the Shareholders under this Agreement which has been discharged) shall not be discharged, impaired or otherwise affected by any act, omission, matter or thing which, but for this sub-Clause (A), may operate to release or otherwise exonerate any of the Shareholders from its obligations under this Agreement in whole or in part, including without limitation and whether or not known to it or any other person:-
Nature of Rights and Obligations. Except as otherwise expressly provided herein, nothing contained in this Operating Agreement shall be deemed to constitute a Member an agent or legal representative of the other Members. A Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.
Nature of Rights and Obligations. Obligations Several
Nature of Rights and Obligations. 8 6. Availability .......................................................... 9 7.
Nature of Rights and Obligations. 5.1 OBLIGATIONS OF BANKS SEVERAL The obligations of each Bank hereunder are several.
Nature of Rights and Obligations. (a) Except as specifically provided otherwise in this Agreement, the rights and obligations of the Parties hereunder shall be several and not joint. Each Party may exercise and enforce its rights hereunder individually in accordance with this Agreement, and the non-performance by a Party shall not relieve a Party from performing its obligations under this Agreement, nor shall the other Party be liable for the non-performance by the defaulting Party.
Nature of Rights and Obligations. (A) No Release: The obligations of ATI under this Guarantee (excluding, for the avoidance of doubt, any obligation of ATI under this Guarantee which has been discharged) shall not be discharged, impaired or otherwise affected by any act, omission, matter or thing which, but for this sub-Clause (A), may operate to release or otherwise exonerate ATI from its obligations under this Guarantee in whole or in part, including without limitation and whether or not known to it or any other person:-
Nature of Rights and Obligations. (A) No Release: The obligations of HP under this Guarantee (excluding, for the avoidance of doubt, any obligation of HP under this Guarantee which has been discharged) shall not be discharged, impaired or otherwise affected by any act, omission, matter or thing which, but for this sub-Clause (A), may operate to release or otherwise exonerate HP from its obligations under this Guarantee in whole or in part, including without limitation and whether or not known to it or any other person:-
