Lenders' Obligations Several; Proportionate Loans. The obligations of the Lenders to make Revolving Loans under Section 2.2.1 shall be several and not joint and, subject to Section 2.14.4, all Revolving Loans under this Agreement shall be made by the Lenders simultaneously and proportionately to their respective Percentages of the Revolving Credit Commitments. It is understood and agreed that the failure of any Lender to make its Revolving Loan as part of any Borrowing under Section 2.2.1 shall not relieve any other Lender of its obligation to make its Revolving Loan as provided in Section 2.2.1. Neither the Administrative Agent nor any Lender shall be responsible for the failure of any other Lender to make a Revolving Loan as provided herein nor shall the Revolving Credit Commitment of any Lender be increased as a result of the default by any other Lender in such other Lender's obligation to make Revolving Loans hereunder.
Appears in 3 contracts
Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)
Lenders' Obligations Several; Proportionate Loans. The obligations of the Lenders to make Revolving Loans under Section 2.2.1 shall be several and not joint and, subject to Section 2.14.42.15.4, all Revolving Loans under this Agreement shall be made by the Lenders simultaneously and proportionately in proportion to their the respective Percentages of the Revolving Credit CommitmentsCommitment of each. It is understood and agreed that the failure of any Lender to make its Revolving Loan as part of any Borrowing under Section 2.2.1 shall not relieve any other Lender of its obligation to make its Revolving Loan as provided in Section 2.2.1. Neither the Administrative Agent nor any Lender shall be responsible for the failure of any other Lender to make a Revolving Loan as provided herein nor shall the Revolving Credit Commitment of any Lender be increased as a result of the default by any other Lender in such other Lender's obligation to make Revolving Loans hereunder.
Appears in 2 contracts
Samples: Credit Agreement (Cti Molecular Imaging Inc), Credit Agreement (Cti Inc /Tn)
Lenders' Obligations Several; Proportionate Loans. The obligations of the Lenders to make Revolving Loans under Section 2.2.1 shall be several and not joint and, subject to Section 2.14.4, all Revolving Loans under this Agreement shall be made by the Lenders simultaneously and proportionately to their respective Percentages of the Revolving Credit Commitments. It is understood and agreed that the failure of any Lender to make its Revolving Loan as part of any Borrowing under Section 2.2.1 shall not relieve any other Lender of its obligation to make its Revolving Loan as provided in Section 2.2.1. Neither the Administrative Agent nor any Lender shall be responsible for the failure of any other Lender to make a Revolving Loan as provided herein nor shall the Revolving Credit Commitment of any Lender be increased as a result of the default by any other Lender in such other Lender's obligation to make Revolving Loans hereunder.
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Lenders' Obligations Several; Proportionate Loans. The obligations of the Lenders to make Revolving Loans under Section 2.2.1 shall be several and not joint and, subject to Section 2.14.42.15.4, all Revolving Loans under this Agreement shall be made by the Lenders simultaneously and proportionately to their respective Percentages of the Revolving Credit Commitments. It is understood and agreed that the failure of any Lender to make its Revolving Loan as part of any Borrowing under Section 2.2.1 shall not relieve any other Lender of its obligation to make its Revolving Loan as provided in Section 2.2.1 with respect to such Borrowing (or any future Borrowings under Section 2.2.1). Neither the Administrative Agent nor any Lender shall be responsible for the failure of any other Lender to make a Revolving Loan as provided herein nor shall the Revolving Credit Commitment of any Lender be increased as a result of the default by any other Lender in such other Lender's obligation to make Revolving Loans hereunder.
Appears in 1 contract
Samples: Credit Agreement (Symbion Inc/Tn)
Lenders' Obligations Several; Proportionate Loans. The obligations of the Lenders to make Revolving Term Loans under Section 2.2.1 shall be several and not joint and, subject to Section 2.14.42.16.4, all Revolving Term Loans under this Agreement shall be made by the Lenders simultaneously and proportionately in proportion to their the respective Percentages Term Loan Commitment of the Revolving Credit Commitmentseach. It is understood and agreed that the failure of any Lender to make its Revolving Term Loan as part of any Borrowing under Section 2.2.1 shall not relieve any other Lender of its obligation to make its Revolving Term Loan as provided in Section 2.2.1. Neither the Administrative Agent nor any Lender shall be responsible for the failure of any other Lender to make a Revolving its Term Loan as provided herein nor shall the Revolving Credit Term Loan Commitment of any Lender be increased as a result of the default by any other Lender in such other Lender's obligation to make Revolving Loans its Term Loan hereunder.
Appears in 1 contract
Samples: Credit Agreement (I Trax Inc)