Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several, and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 11 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.), Credit Agreement (Liberty Tax, Inc.)
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of the Lenders hereunder are several, several and no Lender shall be responsible for the obligations or Commitment Commitments of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 2 contracts
Samples: Security Agreement (America West Airlines Inc), Security Agreement (America West Airlines Inc)
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of the Lenders hereunder are several, several and no Lender none of the Lenders shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute the Lenders or any or all of the Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 2 contracts
Samples: Warehouse Loan Agreement (Air Lease Corp), Warehouse Loan Agreement (Air Lease Corp)
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several, several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Ascend Wellness Holdings, LLC), Credit and Guaranty Agreement
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of the Lenders hereunder are several, several and no Lender none of the Lenders shall be responsible for the obligations or Commitment of any other Lender or, in the case of any Advance, the Parent hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute the Lenders or any or all of the Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 1 contract
Obligations Several; Independent Nature of Lenders’ Rights. The obligations obligation of Lenders each Lender hereunder are is several, and no Lender shall be responsible for the obligations obligation or Commitment commitment of any other Lender hereunder. Nothing contained herein in this Agreement or in any of the other Loan Document, Financing Agreements and no action taken by the Lenders pursuant hereto or thereto, thereto shall be deemed to constitute the Lenders as to be a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.any
Appears in 1 contract
Samples: Loan and Security Agreement (Reptron Electronics Inc)
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several, several and no Lender shall be responsible for the obligations or Commitment Commitments of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt.
Appears in 1 contract
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several, several and no Lender shall be responsible for the obligations or Commitment Commitments of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt., and each Lender shall be, subject to Section
Appears in 1 contract
Samples: Credit Agreement (Libbey Inc)
Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several, several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Loan Credit Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture, venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt., - 145 -
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)
