Obligations Under [Article III]. The obligations under this [Article III] of each Borrower that is a Domestic Subsidiary shall be joint and several in nature. The obligations under this [Article III] of all Designated Borrowers that are Foreign Subsidiaries and of the Specified Designated Borrower shall be several in nature.
The Obligations Under [Article III]. The obligations under this [Article III] of the Company and each Designated Borrower that is a Domestic Subsidiary shall be joint and several in nature. The obligations under this [Article III]Obligations of all Designated Borrowers that are Foreign Subsidiaries and of the Specified Designated Borrower shall be several in nature.
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