Loans; Several Obligations. Each Loan shall be made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to fund its Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to fund its Loan as required.
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Samples: Second Lien Credit Agreement (Kodiak Oil & Gas Corp), Second Lien Credit Agreement (Kodiak Oil & Gas Corp)
Loans; Several Obligations. Each Loan shall be made as part of a Tranche consisting of Loans made on the Effective Date by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to fund its Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to fund its Loan as required.
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Loans; Several Obligations. Each Loan shall be made as part of a Tranche consisting of Loans by the Lenders each Lender ratably in accordance with their its respective CommitmentsCommitment. The failure of any Lender to fund its Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to fund its Loan as required.
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Loans; Several Obligations. Each Loan shall be made as part of a Tranche consisting of Loans by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to fund its Loan required to be made by it Loans shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to fund its Loan Loans as required.
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Samples: Second Lien Bridge Loan Agreement (Linn Energy, LLC)