Ratable Share. (a) The liabilities of Lenders shall be several and not joint, (b) no Lender shall be responsible for the obligations of any other Lender, and (c) each Lender shall be liable to Borrower only for its respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Lender in accordance with its Ratable Share.
Appears in 5 contracts
Samples: Loan Amendment (Vici Properties Inc.), Loan Amendment (Vici Properties Inc.), Mezzanine Loan Agreement (Vici Properties Inc.)
Ratable Share. (ai) The liabilities of Lenders shall be several and not joint, (bii) no Lender shall be responsible for the obligations of any other Lender, and (ciii) each Lender shall be liable to Borrower only for its respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Lender in accordance with its Ratable Share.
Appears in 5 contracts
Samples: Loan Agreement (Clipper Realty Inc.), First Mezzanine Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.)
Ratable Share. (ai) The liabilities of Lenders shall be several and not joint, (bii) no Lender shall be responsible for the obligations of any other Lender, and (ciii) each Lender shall be liable to Borrower Borrowers only for its respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower Borrowers and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Lender in accordance with its Ratable Share.
Appears in 1 contract
Samples: Loan Agreement (Pacific Office Properties Trust, Inc.)
Ratable Share. (ai) The liabilities of Lenders shall be several and not joint, (bii) no Lender shall be responsible for the obligations of any other Lender, and (ciii) each Lender shall be liable to Borrower Borrowers only for its respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Lender in accordance with its Ratable Share.
Appears in 1 contract
Samples: Loan Agreement (Creative Media & Community Trust Corp)
