Liability Several. The liability of the Lenders are several. No party to this Agreement shall be responsible for the obligations of any other party. The failure of a Lender to perform its obligations shall not release any other party from its obligations.
Appears in 1 contract
Sources: Syndicated Credit Facilities Agreement (Chartered Semiconductor Manufacturing LTD)
Liability Several. The liability of the Lenders are is several. No party to this Agreement shall be responsible for the obligations of any other party. The failure of a Lender to perform its obligations shall not release any other party from its obligations.
Appears in 1 contract
Sources: Loan Facility Agreement (American Eagle Tankers Inc LTD)