Common use of Independent Lender Obligations Clause in Contracts

Independent Lender Obligations. The failure of any Lender to make the Committed Advance to be made by it as part of any Committed Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Committed Advance on the date of such Committed Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Committed Advance to be made by such other Lender on the date of any Committed Borrowing.

Appears in 29 contracts

Samples: Credit Agreement (Kraft Heinz Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

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Independent Lender Obligations. The failure of any Lender to make the Committed Advance to be made by it as part of any Committed Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Committed Advance on the date of such Committed Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Committed Advance to be made by such other Lender on the date of any Committed Borrowing.

Appears in 28 contracts

Samples: Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Altria Group, Inc.), Credit Agreement (Boeing Co)

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