Common use of Liability Cumulative Clause in Contracts

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 5 contracts

Samples: Loan and Security Agreement (New Age Beverages Corp), Loan and Security Agreement (Id Systems Inc), Loan and Security Agreement (Sypris Solutions Inc)

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Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor is a party or in respect of any obligations or liabilities of the other Loan PartiesParty Obligors, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary.

Appears in 3 contracts

Samples: Loan and Security Agreement (Janel Corp), Loan and Security Agreement (Janel Corp), Loan and Security Agreement (Janel Corp)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 12 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender Agent and the Lenders under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 3 contracts

Samples: Loan and Security Agreement (R F Industries LTD), Loan and Security Agreement (Ranger Energy Services, Inc.), Loan and Security Agreement (Horizon Global Corp)

Liability Cumulative. The liability of each of the Loan Party Obligor Parties as one of the Loan Guarantors under this Section Article 8 is in addition to and shall be cumulative with all liabilities of each of the Loan Party Obligor Parties to Lender the Bank under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 2 contracts

Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (Orion Energy Systems, Inc.)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Agent and each Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.. Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Olb Group, Inc.)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Agent and each Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Sypris Solutions Inc)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 8.13 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor is a party or in respect of any obligations Indebtedness or liabilities obligation of the other Loan PartiesParty, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary.

Appears in 1 contract

Samples: Credit and Security Agreement (Ronson Corp)

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Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 1 contract

Samples: Loan and Security Agreement (usell.com, Inc.)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 12 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Lender Agent and Lenders under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 1 contract

Samples: Loan and Security Agreement (NXT-Id, Inc.)

Liability Cumulative. The liability of each Loan Party Obligor under this Section 8 is in addition to and shall be cumulative with all liabilities of each Loan Party Obligor to Agent and each Lender under this Agreement and the other Loan Documents to which such Loan Party Obligor 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Excel Corp)

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