Obligations of Lenders. The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Loans of any other Lender. Amounts payable hereunder to each Lender shall be a separate and independent debt. It shall not be necessary for Collateral Agent or any other Lender to be joined as an additional party in any proceeding for such purposes. Nothing in this Agreement and no action of Collateral Agent or Lenders pursuant to the Loan Documents shall be deemed to constitute Collateral Agent and Lenders to be a partnership, association, joint venture or any other kind of entity, nor to constitute control of any Borrower.
Appears in 6 contracts
Samples: Term Loan Agreement (Apparel Holding Corp.), Loan Agreement (Apparel Holding Corp.), Term a Loan Agreement (Apparel Holding Corp.)
