Defaulting Initial Lender Clause Samples

Defaulting Initial Lender. The failure of any Initial Lender to make a Loan pursuant to the terms hereof on the Borrowing Date that is not as a result of any Condition Precedent not being satisfied shall not relieve any other Initial Lender to make a Loan pursuant to the terms hereof on the Borrowing Date, and neither any other Initial Lender shall (i) be responsible for the failure of any defaulting Initial Lender to make a Loan pursuant to the terms hereof; or (ii) have any obligation to the Borrower or any other Person, including any Initial Lender, for any such failure by any defaulting Initial Lender.