Common use of Several Obligation Clause in Contracts

Several Obligation. The obligations of RBS, each Consenting EPL Bank, each Significant Creditor, each Consenting Bondholder and BNFL under this Agreement are several. No Consenting EPL Bank, Significant Creditor, Consenting Bondholder, RBS or BNFL shall be liable for any breach by any other such party of that party’s obligations under this Agreement.

Appears in 2 contracts

Sources: Creditor Restructuring Agreement, Creditor Restructuring Agreement (British Energy PLC)