Common use of CONTINUING BANK OBLIGATION TO FUND Clause in Contracts

CONTINUING BANK OBLIGATION TO FUND. It is understood that: (i) a Bank shall not be responsible for any failure by any other Bank to perform its obligation to make any Loans hereunder, (ii) the Revolving Credit Commitment of a Bank shall not be increased or decreased as a result of any failure by any other Bank to perform its obligation to make any Loans hereunder, (iii) failure by any Bank to perform its obligation to make any Loans hereunder shall not excuse any other Bank from its obligation to make any Loans hereunder, and (iv) the obligations of each Bank hereunder shall be several, not joint and several.

CONTINUING BANK OBLIGATION TO FUND. It is understood that: (i) a Bank shall not be responsible for any failure by any other Bank to perform its obligation to make any Loans hereunder, (ii) the Revolving Credit Commitment of a Bank shall not be increased or decreased as a result of any failure by any other Bank to perform its obligation to make any Loans hereunder, (iii) failure by any Bank to perform its obligation to make any Loans hereunder shall not excuse any other Bank from its obligation to make any Revolving Credit Loans hereunder, and (iv) the obligations of each Bank hereunder shall be several, not joint and several.

CONTINUING BANK OBLIGATION TO FUND. It is understood that: (i) a Bank shall not be responsible for any failure by any other Bank to perform its obligation to make any Loans Advances hereunder, (ii) the Revolving Credit Commitment of a Bank shall not be increased or decreased as a result of any failure by any other Bank to perform its obligation to make any Loans Advances hereunder, (iii) failure by any Bank to perform its obligation to make any Loans Advances hereunder shall not excuse any other Bank from its obligation to make any Loans Advances hereunder, and (iv) the obligations of each Bank hereunder shall be several, not joint and several.