Common use of Nature of Lenders’ Obligations with Respect to Term Loans Clause in Contracts

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 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 each request for a the Term Loans pursuant to Section 3.1 [Term Loan pursuant to this Section 2.1 Commitments] in accordance with its Pro Rata Ratable Share. The aggregate of each Lender’s Term Loans outstanding hereunder to the Borrower 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 Borrower Borrowers to any other party nor shall any other party Lender be liable for the failure of such another Lender to perform its obligations hereunder. The Lenders shall have no obligation to make the Term Loans after the Closing Date, and any portion of the Term Loan Commitment Termination Datenot drawn on the Closing Date shall automatically expire.