Finance Parties. obligations The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other party to the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
Appears in 13 contracts
Sources: Secured Facility Agreement, Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Diana Shipping Inc.)
Finance Parties. rights and obligations (a) The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other party to Party under the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents.
Appears in 1 contract
Sources: Multicurrency Bridge Facility Agreement (Gold Fields LTD)