Common use of Several Commitments Clause in Contracts

Several Commitments. The obligations hereunder of the Participants shall be several and not joint and no Participant shall be liable or responsible for the acts or defaults of any other Participant.

Appears in 3 contracts

Sources: Participation Agreement (Spinnaker Exploration Co), Participation Agreement (Pope & Talbot Inc /De/), Participation Agreement (LSB Industries Inc)

Several Commitments. The obligations hereunder of the ------------------- Participants shall be several and not joint and no Participant shall be liable or responsible for the acts or defaults of any other Participant.

Appears in 1 contract

Sources: Participation Agreement (Pope & Talbot Inc /De/)