One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers and are secured by the Administrative Agent’s Lien on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers and all Obligations are secured by the Administrative Agent’s 's Lien on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
One Obligation. The Loans Loans, L/C Obligations and other Obligations constitute one general obligation of Borrowers and all Secured Obligations are secured by the Administrative Agent’s Lien on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Secured Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers and the other Obligors and are secured by the Administrative Agent’s Lien (for the benefit of the Secured Parties) on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers the Borrower and are secured by the Administrative Agent’s Lien on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Key Energy Services Inc)
One Obligation. The Loans and other Obligations constitute one general obligation of Borrowers Borrower and are secured by the Administrative Agent’s Lien (for the benefit of the Secured Parties) on all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such BorrowerXxxxxxxx.
Appears in 1 contract
Samples: Loan and Security Agreement (Flat Rock Core Income Fund)
One Obligation. The Loans Loans, L/C Obligations and other Obligations shall constitute one general obligation of the Borrowers and are (unless otherwise expressly provided in any Loan Document) shall be secured by the Administrative Agent’s Lien on upon all Collateral; provided, however, that the Administrative Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
