Liability Cumulative definition

Liability Cumulative f C \l “2” . The liability of each Loan Party as a Loan Guarantor under this Article X is in addition to and shall be cumulative with all liabilities of each Loan Party to the Administrative Agent, the Issuing Banks and the Lenders under this Agreement and the other Loan Documents to which such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary.
View Source

Examples of Liability Cumulative in a sentence

  • CANADIAN GUARANTY 143 SECTION 11.01 Guaranty 143 SECTION 11.02 Guarantee of Payment 144 SECTION 11.03 No Discharge or Diminishment of Canadian Guaranty 144 SECTION 11.04 Defenses Waived 145 SECTION 11.05 Rights of Subrogation 145 SECTION 11.06 Reinstatement; Stay of Acceleration 145 SECTION 11.07 Information 145 SECTION 11.08 Maximum Canadian Liability 146 SECTION 11.09 Contribution 146 SECTION 11.10 Liability Cumulative 146 SECTION 11.11 Common Enterprise 147 ARTICLE XII.

  • Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Issuing Bank that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the amount due.

  • Reinstatement; Stay of Acceleration 137136 SECTION 10.07 Information 138136 SECTION 10.08 Termination 138136 SECTION 10.09 Taxes 138136 SECTION 10.10 Maximum Liability 138136 SECTION 10.11 Contribution 138136 SECTION 10.12 Liability Cumulative 139137 SECTION 10.13 Keepwell 139137 ARTICLE XI.

  • Liability Cumulative 59 ARTICLE 15 MISCELLANEOUS PROVISIONS 59 Section 15.01.

  • Liability Cumulative 116 ARTICLE XI The Borrower Representative SECTION 11.01.

  • Liability Cumulative 141141 ARTICLE 11 THE BORROWER REPRESENTATIVE 141 Section 11.01.

  • No Discharge or Diminishment of Loan Guaranty Defenses Waived Rights of Subrogation Reinstatement; Stay of Acceleration Information Termination Taxes Maximum Liability Contribution Liability Cumulative 127 127 127 128 129 129 129 129 129 130 130 131 ARTICLE XI.

  • Keepwell 104 16.1. CHOICE OF LAW 104 16.2. CONSENT TO JURISDICTION 104 16.3. WAIVER OF JURY TRIAL 104 17.1. AMENDMENT AND RESTATEMENT 104 17.2. RELEASE 105 18.1. Cross-Guaranty 105 18.2. Waivers By Borrower 106 18.3. Benefit of Guaranty 107 18.4. Waiver of Subrogation, Etc 107 18.5. Election of Remedies 107 18.6. Limitation 107 18.7. Contribution With Respect To Guaranty Obligations 108 18.8. Liability Cumulative 108 18.9. Structure of Credit Facility v 109 EXHIBITS EXHIBIT A.

  • Liability Cumulative; References to California Law 63 ARTICLE 15 MISCELLANEOUS PROVISIONS 63 Section 15.01.

  • Liability Cumulative 130 ARTICLE XII The Borrower Representative SECTION 12.01.

Related to Liability Cumulative

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Current Net Assets means the Portfolio’s net assets as of the most recent preceding day for which the Fund’s net assets were computed.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Noneconomic damages ’ means damages for phys-

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.