Common use of No Obligation to Advance Clause in Contracts

No Obligation to Advance. Notwithstanding anything in this agreement or in the Debenture contained, the Secured Party shall not be obligated thereby to make any loan or other extension of credit or further loan or extension of credit or to extend any time for payment or performance of all or any part of the Obligations.

Appears in 3 contracts

Samples: Delivery Agreement (SLM International Inc /De), Delivery Agreement (SLM International Inc /De), Delivery Agreement (SLM International Inc /De)

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No Obligation to Advance. Notwithstanding anything in this agreement or in the Debenture contained, the Secured Party shall not be obligated thereby to make any loan or other extension of credit or further loan or extension of credit or to extend any time anytime for payment or performance of all or any part of the Obligations.

Appears in 1 contract

Samples: Delivery Agreement (SLM International Inc /De)

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