Common use of Obligation of Lenders Clause in Contracts

Obligation of Lenders. The obligation of any Lender under any Syndicated Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s Applicable Percentage of the aggregate undrawn amount of such Syndicated Letter of Credit, and each Syndicated Letter of Credit shall expressly so provide.

Appears in 12 contracts

Samples: Secured Credit Agreement (Xl Group LTD), Unsecured Credit Agreement (Xl Group LTD), Unsecured Credit Agreement (Xl Group PLC)

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Obligation of Lenders. The obligation of any Lender under any Syndicated Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s 's Applicable Percentage of the aggregate undrawn amount of such Syndicated Letter of Credit, and each Syndicated Letter of Credit shall expressly so provide.

Appears in 9 contracts

Samples: 364 Day Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD), Credit Agreement (Security Capital Assurance LTD)

Obligation of Lenders. The With respect to any Letter of Credit, the obligation of any Lender under any Syndicated such Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s Applicable Percentage Pro Rata Share of the aggregate undrawn amount of such Syndicated Letter of CreditCredit (subject to Section 2.02(m)), and each Syndicated Letter of Credit shall expressly so provide.

Appears in 3 contracts

Samples: Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.)

Obligation of Lenders. The With respect to any Letter of Credit, the obligation of any Lender under any Syndicated such Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such LenderXxxxxx’s Applicable Percentage Pro Rata Share of the aggregate undrawn amount of such Syndicated Letter of CreditCredit (subject to Section 2.02(m)), and each Syndicated Letter of Credit shall expressly so provide.

Appears in 2 contracts

Samples: Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.)

Obligation of Lenders. The With respect to any Letter of Credit, the obligation of any Lender under any Syndicated such Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s 's Applicable Percentage of the aggregate undrawn amount of such Syndicated Letter of Credit, and each Syndicated Letter of Credit shall expressly so provide.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Enstar Group LTD)

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Obligation of Lenders. The obligation of any Lender under any Syndicated Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s Applicable Percentage Ratable Share of the aggregate undrawn amount Stated Amount of such Syndicated Letter of CreditCredit at the time such Syndicated Letter of Credit is Issued, and each Syndicated Letter of Credit shall expressly so provide.so

Appears in 1 contract

Samples: Credit Agreement (Platinum Underwriters Holdings LTD)

Obligation of Lenders. The obligation of any Lender under any Syndicated Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s 's Applicable Percentage of the aggregate undrawn amount of such Syndicated Letter of Credit, and each Syndicated Letter of Credit shall expressly so provide.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Xl Capital LTD)

Obligation of Lenders. The obligation of any Lender under any Syndicated Letter of Credit shall be several and not joint and shall at any time be in an amount equal to such Lender’s Applicable Percentage 's Ratable Share of the aggregate undrawn amount Available Amount of such Syndicated Letter of CreditCredit at the time such Syndicated Letter of Credit is issued, and each Syndicated Letter of Credit shall expressly so provide. No assignment of Commitment under Section 9.07 shall change or affect the liability of any Lender under any outstanding Syndicated Letter of Credit.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Metlife Inc)

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