Common use of Separate Obligation Clause in Contracts

Separate Obligation. The obligation of each Credit Facility Lender to make its Commitment available to the Revolving Facility Borrowers or Term Facility Borrowers, as applicable, is a separate obligation between each Credit Facility Lender and the Revolving Facility Borrowers or Term Facility Borrowers, as applicable, and that obligation is not the several or joint and several obligation of any other Credit Facility Lender.

Appears in 2 contracts

Sources: Credit Agreement (Quebecor Media Inc), Credit Agreement (Quebecor Media Inc)