Common use of Refusal to Make Loans Clause in Contracts

Refusal to Make Loans. 7.1 A Lender who decides not to make the Individual Loan for the reason that all or part of the conditions under Clause 5 are not satisfied (the “Non-Drawdown Lender”) may notify the Agent, the Borrower, the Guarantor and all other Lenders of the decision with the reason affixed thereto by three (3) o’clock P.M. of the first Business Day prior to the Drawdown Date. Provided, however, that if, notwithstanding the satisfaction of all the conditions under Clause 5, such notice is given and the Individual Loan is not made, the Non-Drawdown Lender may not be released from liabilities arising from the breach of its Lending Obligations.

Refusal to Make Loans. 7.1 8.1 A Lender who decides not to make the Individual Loan for the reason that all or part of the conditions under underin Clause 5 6 are not satisfied (the “Non-Drawdown Lender”) may notify the Agent, the Borrower, the Guarantor Borrower and all other Lenders of the decision with the reason affixed thereto by three (3) [ ] o’clock P.M. of the first [ ] Business Day Days prior to the Desired Drawdown Date. Provided, however, that if, notwithstanding the satisfaction of all the conditions under underin Clause 56, such notice is given and the Individual Loan is not made, the Non-Drawdown Lender may not be released from liabilities arising from the breach of its Lending Obligations.