Common use of Parallel Liability Clause in Contracts

Parallel Liability. In this Section 9.13, “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of Loan Party under or in connection with this Agreement and the other Loan Documents, but excluding its Parallel Liability. “Parallel Liability” means a Loan Party’s undertaking pursuant to this Section 9.13.

Appears in 2 contracts

Sources: Financing Agreement (BridgeBio Pharma, Inc.), Financing Agreement (BridgeBio Pharma, Inc.)

Parallel Liability. In this Section 9.1311.07(b), “Corresponding Liabilities” means all present and future liabilities and contractual and non-contractual obligations of Loan a Seller Party under or in connection with this Agreement and the other Loan Transaction Documents, but excluding its Parallel Liability. “Parallel Liability” means a Loan Seller Party’s undertaking pursuant to this Section 9.1311.07(b).

Appears in 2 contracts

Sources: Funding Agreement (BridgeBio Pharma, Inc.), Funding Agreement (BridgeBio Pharma, Inc.)