Common use of RIGHTS OF BANKS SEVERAL Clause in Contracts

RIGHTS OF BANKS SEVERAL. The rights of the Banks hereunder are also several. The amount at any time owing by the Borrower to any party under this Agreement shall be a separate and independent debt from any amount owing to any other party.

Appears in 8 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

AutoNDA by SimpleDocs

RIGHTS OF BANKS SEVERAL. The rights of the Banks hereunder are also several. The amount at any time owing by the Borrower Borrowers to any party under this Agreement shall be a separate and independent debt from any amount owing to any other party.

Appears in 2 contracts

Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.