Common use of No Release of Obligations Clause in Contracts

No Release of Obligations. No Bank shall, as between the Borrowers and such Bank, be relieved of any of its obligations hereunder as a result of any granting of participations in all or any part of its Revolving Loan Commitment and Revolving Credit Loans. Each Bank shall, as between the Borrowers and such Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of its Revolving Loan Commitment and Revolving Credit Loans made in accordance with Section 12.1 hereof.

Appears in 1 contract

Samples: Stock Pledge Agreement (Res Care Inc /Ky/)

AutoNDA by SimpleDocs

No Release of Obligations. No Bank shall, as between the Borrowers Borrower and such Bank, be relieved of any of its obligations hereunder as a result of any granting of participations in all or any part of its Revolving Loan Commitment and or Revolving Credit Loans. Each Bank shall, as between the Borrowers Borrower and such Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of its Revolving Loan Commitment and Revolving Credit Loans made in accordance with Section 12.1 12.A hereof.

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

No Release of Obligations. No Bank shall, as between the Borrowers Borrower and such Bank, be relieved of any of its obligations hereunder as a result of any granting of participations in all or any part of its Revolving Loan Commitment and Commitment, Revolving Credit Loans or Term Loans. Each Bank shall, as between the Borrowers Borrower and such Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of its Revolving Loan Commitment and Commitment, Revolving Credit Loans and Term Loans made in accordance with Section 12.1 12.A hereof.

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

No Release of Obligations. No Bank shall, as between the Borrowers Borrower ------------------------- and such Bank, be relieved of any of its obligations hereunder as a result of any granting of participations in all or any part of its Revolving Loan Commitment and or Revolving Credit Loans. Each Bank shall, as between the Borrowers Borrower and such Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of its Revolving Loan Commitment and Revolving Credit Loans made in accordance with Section 12.1 11.A hereof.

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

AutoNDA by SimpleDocs

No Release of Obligations. No Bank shall, as between the Borrowers Borrower and such Bank, be relieved of any of its obligations obli-gations hereunder as a result of any granting of participations in all or any part of its Revolving Loan Commitment and or Revolving Credit Loans. Each Bank shall, as between the Borrowers Borrower and such Bank, be relieved of its obligations hereunder as a result of any sale, assignment, transfer or negotiation of all or any part of its Revolving Loan Commitment and Revolving Credit Loans made in accordance with Section 12.1 11.A hereof.

Appears in 1 contract

Samples: Loan Agreement (Sypris Solutions Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!