Common use of Obligations of Lenders Several Clause in Contracts

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, or to make its payment under Section 11.04(c).

Appears in 2 contracts

Samples: Credit Agreement (Starwood Property Trust, Inc.), Credit Agreement (Starwood Property Trust, Inc.)

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Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) hereunder are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c) hereunder on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c)hereunder.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Destination Maternity Corp), Term Loan Credit Agreement (Destination Maternity Corp)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) §14.14 are several and not joint. The failure of any Lender to make its any Term Loan Loan, to fund any such participation or to make any payment under Section 11.04(c) §14.14 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term LoanLoans, to purchase its participation or to make its payment under Section 11.04(c)§14.14.

Appears in 2 contracts

Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans Loans, and to make payments pursuant to Section 11.04(c10.04(c) are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term LoanLoans, to purchase its participation or to make its payment under Section 11.04(c10.04(c).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Towers Watson & Co.), Term Loan Credit Agreement (Towers Watson & Co.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) § 14.7 are several and not joint. The failure of any Lender to make its any Term Loan Loan, to fund any such participation or to make any payment under Section 11.04(c) § 14.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term LoanLoans, to purchase its participation or to make its payment under Section 11.04(c)§ 14.7.

Appears in 2 contracts

Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans Loan and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its the Term Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its the Term Loan, to purchase its participation or to make its payment under Section 11.04(c).

Appears in 2 contracts

Samples: Senior Secured Bridge Credit Agreement (Clearway Energy LLC), Senior Secured Bridge Credit Agreement (Clearway Energy, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c§2.5.2(b) are several and not joint. The failure of any Lender to make its any Term Loan Loan, to fund any such participation or to make any payment under Section 11.04(c§2.8.2(b) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term LoanLoans, to purchase its participation or to make its payment under Section 11.04(c§2.5.2(b).

Appears in 1 contract

Samples: Term Loan Agreement (CAI International, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and Revolving Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term any Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c).. ​

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) 9.05 are several and not joint. The failure of any Lender to make its any Term Loan or to fund any such participation or make any payment under payments pursuant to Section 11.04(c) 9.05 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or purchase its participation or make payments pursuant to make its payment under Section 11.04(c)9.05.

Appears in 1 contract

Samples: Second Lien Senior Secured Credit Agreement (Terremark Worldwide Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and Revolving Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term any Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such -42- date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its any Term Loan Loans or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its the Term Loan, Loans or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Credit Agreement (RVL Pharmaceuticals PLC)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans Loan and to make payments pursuant to Section 11.04(c12.04(c) are several and not joint. The failure of any Lender to make its the Term Loan or to make any payment under Section 11.04(c12.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c12.04(c).

Appears in 1 contract

Samples: Possession Term Loan Agreement (EveryWare Global, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c11.4(c) are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c11.4(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c11.4(c).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (U.S. Concrete, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans Loan and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term Loan any Loan, to fund any such participation or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, to purchase its participation or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Term Loan Agreement (LIVE VENTURES Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its any Term Loan Loans or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loans or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Credit Agreement (Cenveo, Inc)

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Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. CHL:82267.17 42 The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Credit Agreement (Wausau Paper Corp.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term Loan any Loan, to fund any such participation or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, to purchase its participation or to make its payment under Section 11.04(c).. (e)

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) hereunder are several and not joint. The failure of any Lender to make its any Term Loan Loan, to fund any such participation or to make any payment under Section 11.04(c) hereunder on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, to purchase its participation or to make its payment under Section 11.04(c)hereunder.

Appears in 1 contract

Samples: Term Loan Agreement (Keane Group, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c11.4(c) are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c11.4(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c11.4(c).. (e)

Appears in 1 contract

Samples: And Guaranty Agreement (U.S. Concrete, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make its Term Loan any Loan, to fund any such participation or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, to purchase its participation or to make its payment under Section 11.04(c).

Appears in 1 contract

Samples: Credit Agreement (PureCycle Technologies, Inc.)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to under Section 11.04(c10.04(c) are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment payments under Section 11.04(c10.04(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Live Oak Acquisition Corp)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c) 10.4.3 are several and not joint. The failure of any Lender to make an advance under its Term Loan Commitment or to make any payment under Section 11.04(c) 10.4.3 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make any advance under its Term Loan, Loan Commitment or to make its payment under Section 11.04(c)10.4.3.

Appears in 1 contract

Samples: Term Loan Agreement (Prologis)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c10.04(c) are several and not joint. The failure of any Lender to make its any Term Loan on the Closing Date or to make any payment under Section 11.04(c10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, Loan or to make its payment under Section 11.04(c10.04(c).

Appears in 1 contract

Samples: Second Lien Credit Agreement (Prospect Medical Holdings Inc)

Obligations of Lenders Several. The obligations of the Lenders hereunder to make the Term Loans and to make payments pursuant to Section 11.04(c10.04(c) are several and not joint. The failure of any Lender to make its any Term Loan or to make any payment under Section 11.04(c10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Term Loan, to purchase its participation or to make its payment under Section 11.04(c10.04(c).

Appears in 1 contract

Samples: Credit Agreement (Barr Pharmaceuticals Inc)

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