Obligations Several. The obligations of the Lenders under this Agreement are several according to their respective Commitments and/or Contributions. The failure of any Lender to perform such obligations shall not relieve any other party to this Agreement of any of its respective obligations or liabilities under this Agreement nor shall any Bank be responsible for the obligations of any other Bank (except for its own obligations, if any, as a Lender) under this Agreement.
Appears in 31 contracts
Samples: Navios Maritime Partners L.P., Agreement, Facility Agreement (Pyxis Tankers Inc.)
Obligations Several. The obligations of the Lenders under this Agreement are several according to their respective Commitments Commitment and/or Contributions. The ; the failure of any Lender to perform such obligations shall not relieve any other party to this Agreement Finance Party or any Borrower of any of its their respective obligations or liabilities under this Agreement nor shall any Bank Finance Party be responsible for the obligations of any other Bank Finance Party (except for its own obligations, if any, as a Lender) under this Agreement.
Appears in 2 contracts
Samples: Agreement (Paragon Shipping Inc.), Credit Agreement (DryShips Inc.)
Obligations Several. The obligations of the Lenders under this Agreement are several according to their respective Commitments and/or Contributions. The failure of any Lender to perform such obligations shall not relieve any other party to this Agreement of any of its respective obligations or liabilities under this Agreement nor shall any Bank Creditor Party be responsible for the obligations of any other Bank Creditor Party (except for its own obligations, if any, as a Lender) under this Agreement.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Navios Maritime Acquisition CORP
