Common use of Participants’ Obligations Several Clause in Contracts

Participants’ Obligations Several. The failure of any Participant to fund its Proportionate Share of any Advance shall not relieve any other Participant of its obligation hereunder to fund its Proportionate Share of such Advance, and no Participant shall be responsible for the failure of any other Participant to fund its Proportionate Share of any Advance on the date of such Advance.

Appears in 7 contracts

Samples: Participation Agreement (Novellus Systems Inc), Participation Agreement (Fair Isaac & Company Inc), Participation Agreement (Kla Tencor Corp)

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Participants’ Obligations Several. The failure of any Participant to fund its Proportionate Share of any the Acquisition Advance shall not relieve any other Participant of its obligation hereunder to fund its Proportionate Share of such the Acquisition Advance, and no Participant shall be responsible for the failure of any other Participant to fund its Proportionate Share of any the Acquisition Advance on the date of such AdvanceClosing Date.

Appears in 1 contract

Samples: Participation Agreement (Silicon Valley Group Inc)

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