Common use of Failure to Fund in Respect of Drawings Clause in Contracts

Failure to Fund in Respect of Drawings. The failure of any Tranche B Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Tranche B Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to fund the Drawing Purchase Price to be funded or made, as the case may be by such other Tranche B Lender on the date of any Drawing.

Appears in 19 contracts

Samples: Five Year Credit Agreement (Toyota Motor Credit Corp), Credit Agreement (Toyota Motor Credit Corp), Assignment and Assumption (Toyota Motor Credit Corp)

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Failure to Fund in Respect of Drawings. The failure of any Tranche B C Lender to fund the Drawing Purchase Price to be funded by it as part of any Drawing shall not relieve any other Tranche B C Lender of its obligation hereunder to fund its Drawing Purchase Price on the date of such Drawing, but no Tranche B C Lender shall be responsible for the failure of any other Tranche B C Lender to fund the Drawing Purchase Price to be funded or made, as the case may be by such other Tranche B C Lender on the date of any Drawing.

Appears in 3 contracts

Samples: Assignment and Assumption (Toyota Motor Credit Corp), 364 Day Credit Agreement (Toyota Motor Credit Corp), Five Year Credit Agreement (Toyota Motor Credit Corp)

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