Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to.
Appears in 3 contracts
Samples: Security Agreement (USD Partners LP), Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)
Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to.
Appears in 1 contract
Samples: Agreement (Baytex Energy Corp.)
Not Negotiable. 5.3 This debenture is not a negotiable instrument and the rights created hereunder which are exercisable by any holder hereof other than the Agent are no greater than the rights of the Agent, and any holder hereof is subject to the same obligations, duties, liabilities and defences as the Agent would have been subject to. .
Appears in 1 contract
Samples: Security Agreement (USD Partners LP)
