Common use of Several not Joint Clause in Contracts

Several not Joint. The agreements and obligations of the Supporting Noteholders in this Section 5 shall be made or incurred, respectively, solely on such Supporting Noteholder’s own behalf and not on behalf of any other Supporting Noteholders and shall be several and not joint. 6.

Appears in 1 contract

Sources: Restructuring Support Agreement (Emergent Capital, Inc.)

Several not Joint. The agreements and obligations of the Supporting Noteholders in this Section 5 6 shall be made or incurred, respectively, solely on such Supporting Noteholder’s own behalf and not on behalf of any other Supporting Noteholders and shall be several and not joint. 6.

Appears in 1 contract

Sources: Restructuring Support Agreement (Forbes Energy Services Ltd.)

Several not Joint. The agreements and obligations of the Supporting Noteholders in this Section 5 shall be made or incurred, respectively, solely on such Supporting Noteholder’s own behalf and not on behalf of any other Supporting Noteholders and shall be several and not joint. 6.- 7 -

Appears in 1 contract

Sources: Restructuring Support Agreement (Emergent Capital, Inc.)