Nature of Lenders’ Obligations with Respect to Term Loans. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Conversion Date. The Term Loan Commitments are not revolving credit commitments, and the Borrower shall not have the right to repay and reborrow any Term Loan.
Nature of Lenders’ Obligations with Respect to Term Loans. Each Lender shall be obligated to participate in each request for a Term Loan pursuant to this Section 2.1 in accordance with its Pro Rata Share. The aggregate of each Lender’s Term Loans outstanding hereunder to the Borrower at any time shall never exceed its Term Loan Commitment. The obligations of each Lender hereunder are several. The failure of any Lender to perform its obligations hereunder shall not affect the Obligations of the Borrower to any other party nor shall any other party be liable for the failure of such Lender to perform its obligations hereunder. The Lenders shall have no obligation to make the Term Loans after the Term Loan Commitment Termination Date.
Nature of Lenders’ Obligations with Respect to Term Loans. Each Lender shall be obligated to participate in the Term Loans pursuant to Section 3.1 [Term Loan Commitments] in accordance with its Ratable Share. The aggregate of each Lender’s Term Loans outstanding hereunder to the Acquisition Borrowers at any time shall never exceed its Term Loan Commitment. The obligations of each Lender hereunder are several. The failure of any Lender to perform its obligations hereunder shall not affect the Obligations of the Acquisition Borrowers to any other party nor shall any other party be liable for the failure of such Lender to perform its obligations hereunder. The Lenders shall have no obligation to make Term Loans after the ClosingThird Amendment Effective Date, and any portion of the Term Loan Commitment not drawn on the ClosingThird Amendment Effective Date shall automatically expire.
Nature of Lenders’ Obligations with Respect to Term Loans. The failure of any Term A-1 Lender to make a Term Loan shall not relieve any other Term A-1 Lender of its obligations to make a Term A-1 Loan nor shall it impose any additional liability on any other Lender hereunder. The Term A-1 Lenders shall have no obligation to make the Term A-1 Loans after the Closing Date. The Term A-1 Loan Commitments are not revolving commitments, and the Borrower shall not have the right to repay and reborrow under Section 2.1.
Nature of Lenders’ Obligations with Respect to Term Loans. The obligations of each Lender to make a Term Loan to the Borrower shall be in the proportion that such Lender's Commitment bears to the Commitments of all Lenders, provided, however, that each Lender's Term Loan to the Borrower shall never exceed its Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Borrowing Date, other than as any Lender may elect as provided in Section 2.1.2. The Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow the Term Loans.
Nature of Lenders’ Obligations with Respect to Term Loans. The obligations of each Lender with a Tranche A Commitment to make a Tranche A Term Loan to the Borrower shall be in the proportion that such Lender's Tranche A Commitment bears to the Tranche A Commitments of all Lenders, provided, however, that each Lender's Tranche A Term Loan to the Borrower shall never exceed its Tranche A Commitment. The obligations of each Lender with a Tranche B Commitment to make a Tranche B Term Loan to the Borrower shall be in the proportion that such Lender's Tranche B Commitment bears to the Tranche B Commitments of all Lenders, provided, however, that each Lender's Tranche B Term Loan to the Borrower shall never exceed its Tranche B Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Restatement Effective Date. The Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow the Term Loans. The Lenders shall have no obligation hereunder to make Term Loans after the Restatement Effective Date.
Nature of Lenders’ Obligations with Respect to Term Loans. The obligations of each Lender to continue Existing Outstanding Term Loans and convert Existing Converted Loans to Term Loans on the Closing Date shall equal such Lender’s Ratable Share of the Closing Date Term Loans; provided that no Lender’s Closing Date Term Loans shall exceed its Term Loan Commitment. The failure of any Lender to continue Existing Outstanding Term Loans or convert Existing Converted Loans to Term Loans shall not relieve any other Lender of its obligations to continue Existing Outstanding Term Loans and convert Existing Converted Loans to Term Loans on the Closing Date; nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make Term Loans hereunder after the Closing Date, and any portion of the Term Loan Commitment not drawn on the Closing Date shall automatically expire. The Term Loan Commitments are not revolving credit commitments, and the Borrowers shall not have the right to borrow, repay and reborrow under Section 3.1(a).
Nature of Lenders’ Obligations with Respect to Term Loans. The obligations of each Lender to make Term Loans to the Borrower shall be in the proportion that such Lender’s Term Loan Commitment bears to the Term Loan Commitments of all Lenders to the Borrower, but each Lender’s Term Loan to the Borrower shall never exceed its Term Loan Commitment. The failure of any Lender to make a Term Loan shall not relieve any other Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. Term Loan Commitments shall terminate (i) with respect to Term Loan A, on the Closing Date (and as of the date of the First Amendment) and (b) with respect to Term Loan B (which includes all Term Loan B Advances), on the date which is forty five (45) days following the Third Amendment Date. Once repaid or prepaid, Term Loans may not be reborrowed.
Nature of Lenders’ Obligations with Respect to Term Loans. The Term Loan Commitments are not revolving commitments, and the Borrower shall not have the right to repay and reborrow under Section 2.1.
Nature of Lenders’ Obligations with Respect to Term Loans. The failure of any Term Loan A-1 Lender or Term Loan A-2 Lender to make a Term Loan shall not relieve any other Term Lender of its obligations to make a Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Term Loan A-1 Lenders shall have no obligation to make the Term Loan A-1s after the Closing Date, and the Term Loan A-2 Lenders shall have no obligation to make the Term Loan A-2s after the Closing Date. The Term Loan Commitments are not revolving commitments, and the Borrower shall not have the right to repay and reborrow under Section 2.1.
