Common use of Commitments Several Clause in Contracts

Commitments Several. The failure of any Lender to fund its Pro Rata Term Loan Share on the Closing Date shall not relieve any other Lender of its obligation hereunder, but no Lender shall be responsible for the failure of any other Lender to fund such other Lender’s Pro Rata Term Loan Share on the Closing Date.

Appears in 4 contracts

Samples: Credit Agreement (Hooper Holmes Inc), Credit Agreement (Hooper Holmes Inc), Credit Agreement (SWK Holdings Corp)

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Commitments Several. The failure of any Lender to fund its Pro Rata Term Loan Share on of the Closing Date Term Loan shall not relieve any other Lender of its obligation hereunder, but no Lender shall be responsible for the failure of any other Lender to fund such other Lender’s Pro Rata Term Loan Share on the Closing DateShare.

Appears in 2 contracts

Samples: Credit Agreement (Misonix Inc), Commitment Letter (New Misonix, Inc.)

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Commitments Several. The failure of any Lender to fund its Pro Rata Share of the Additional Term Loan Share on the Closing Date or any Revolving Loan shall not relieve any other Lender of its obligation hereunder, but no Lender shall be responsible for the failure of any other Lender to fund such other Lender’s Pro Rata Term Loan Share on the Closing DateDate or any other day, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Hooper Holmes Inc)

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