Separate Liability. (a) The obligations of each Lender under this Agreement (if any) shall be several and not joint, and no Lender shall be liable or responsible for any amounts owed hereunder by, or any other liability of, any other Lender. (b) With respect to any amount expressed to be payable by the Lenders, rather than a particular Lender, to the Trustee or the Securities Intermediary, the liability of each Lender for such amount payable by the Collateral, in each case
Appears in 2 contracts
Sources: Fully Paid Lending Trust Agreement, Fully Paid Lending Trust Agreement