Common use of Several and Not Joint Clause in Contracts

Several and Not Joint. The parties agree that the obligations of each of the Sellers and each of the Collection Agents hereunder shall be several but not joint, as if each Seller and each Collection Agent had entered into an agreement with the Purchaser separately.

Appears in 2 contracts

Sources: Credit Agreement (Aleris Ohio Management, Inc.), Credit Agreement (Aleris Ohio Management, Inc.)

Several and Not Joint. The parties agree that the obligations of each of the Sellers Seller and each of the Collection Agents Agent hereunder shall be several but not joint, as if each the Seller and each the Collection Agent had entered into an agreement with the Purchaser separately.

Appears in 1 contract

Sources: Credit Agreement (Aleris Ohio Management, Inc.)