Common use of Obligations of Lenders Several Clause in Contracts

Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowing.

Appears in 68 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement, Term Loan Credit Agreement (PPL Electric Utilities Corp)

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Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Committed Lender of its obligation, if any, hereunder to make any Loan on the date Funding Date of such Borrowing, but but, except as otherwise provided in Section 11.06(h), no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of BorrowingFunding Date.

Appears in 8 contracts

Samples: Warehouse Loan Agreement (Greenbrier Companies Inc), Warehouse Loan Agreement (Trinity Industries Inc), Warehouse Loan Agreement (Greenbrier Companies Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowing.

Appears in 8 contracts

Samples: Term Loan Credit Agreement (MKS Instruments Inc), Term Loan Credit Agreement (MKS Instruments Inc), Credit Agreement (Teladoc, Inc.)

Obligations of Lenders Several. The failure of any Lender to make a Credit Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder obligation to make any a Credit Loan on the date of such Borrowingfunding date, but no Lender shall be responsible for the failure of any other Lender to make the Credit Loan to be made by such other Lender on such date of Borrowingfunding date.

Appears in 2 contracts

Samples: Credit Agreement (Interpool Inc), Credit Agreement (Interpool Inc)

Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date Funding Date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of BorrowingFunding Date.

Appears in 2 contracts

Samples: Revolving Asset Based Loan Agreement (Andersons, Inc.), Revolving Asset Based Loan Agreement (Andersons, Inc.)

Obligations of Lenders Several. The failure of any Lender to make ------------------------------ a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowing.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (PPL Corp), 364 Day Credit Agreement (PPL Corp)

Obligations of Lenders Several. The failure of any Lender to make a ------------------------------ Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (PPL Corp)

Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any the Borrowing hereunder shall not relieve any other Committed Lender of its obligation, if any, hereunder to make any its Loan on the date of such BorrowingFunding Date, but but, except as otherwise provided in Section 11.06(h), no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowingthe Funding Date.

Appears in 1 contract

Samples: Term Loan Agreement (Trinity Industries Inc)

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Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any the Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date Closing Date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowingthe Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (Trinity Industries Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date of such BorrowingLoan, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of BorrowingLender.

Appears in 1 contract

Samples: Credit Agreement (Orbimage Inc)

Obligations of Lenders Several. The failure of any Lender to make a Credit Loan required to be made by it as part of any Borrowing hereunder shall not relieve any other Lender of its obligation, if any, hereunder obligation to make any a Credit Loan on the date of such Borrowingfunding date, but no Lender shall be responsible for the failure of any other Lender to make the Credit Loan to be made by such other Lender on such date of BorrowingFunding Date.

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

Obligations of Lenders Several. The failure of any Lender to make a Loan required to be made by it as part of any Borrowing Loan hereunder shall not relieve any other Lender of its obligation, if any, hereunder to make any Loan on the date Funding Date of such BorrowingLoan, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such date of Borrowing.Funding Date

Appears in 1 contract

Samples: Loan Agreement (PBF Holding Co LLC)

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