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

Nature of Lenders’ Obligations with Respect to the Term Loan. The failure of any Lender to make the Term Loan shall not relieve any other Lender of its obligations to make the Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make the Term Loan or any other loan hereunder 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.

Nature of Lenders’ Obligations with Respect to the Term Loan. The failure of any Lender to make the any Term Loan Advance shall not relieve any other Lender of its obligations to make the a Term Loan Advance nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make the any Term Loan Advance or any other loan hereunder 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.

Nature of Lenders’ Obligations with Respect to the Term Loan. The failure of any Lender to make the Term Loan shall not relieve any other Lender of its obligations to make the Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make the Term Loan or any other loan hereunder 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.. ​

Nature of Lenders’ Obligations with Respect to the Term Loan. The failure of any Lender to make the Term Loan shall not relieve any other Lender of its obligations to make the Term Loan nor shall it impose any additional liability on any other Lender hereunder. The Lenders shall have no obligation to make the Term Loan or any other loan hereunder 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.