Common use of Revolving Loans and Borrowings Clause in Contracts

Revolving Loans and Borrowings. (a) Each Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 17 contracts

Samples: Revolving Credit Agreement (Lyft, Inc.), Revolving Credit Agreement (Uber Technologies, Inc), Second Amendment Agreement (Netflix Inc)

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Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 13 contracts

Samples: Counterpart Agreement (DoorDash, Inc.), Revolving Credit and Guaranty Agreement (Coupang, Inc.), Counterpart Agreement (DoorDash, Inc.)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 10 contracts

Samples: Credit Agreement (Pioneer Natural Resources Co), Assignment and Assumption (Pioneer Natural Resources Co), Credit Agreement (WPX Energy, Inc.)

Revolving Loans and Borrowings. (a) Each Revolving Loan under any Revolving Facility shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Commitments under such Revolving Facility. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders under each Revolving Facility are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 7 contracts

Samples: Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; , provided that the Revolving Commitments of the Lenders are several several, and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 6 contracts

Samples: Credit Agreement (Cleco Power LLC), Credit Agreement (Cleco Power LLC), Credit Agreement (Hawaiian Electric Industries Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 5 contracts

Samples: Credit Agreement (Eaton Vance Corp), Revolving Credit Agreement (Nexpoint Multifamily Capital Trust, Inc.), Credit Agreement (Eaton Vance Corp)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall to be made as a part of a Borrowing consisting Borrowing, continuation or conversion of Revolving Loans shall be made by the Lenders ratably in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Waddell & Reed Financial Inc), Credit Agreement (Waddell & Reed Financial Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Credit Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Credit Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 3 contracts

Samples: Credit Agreement (Avis Rent a Car Inc), Credit Agreement (Fah Co Inc), Credit Agreement (Avis Rent a Car Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 3 contracts

Samples: Assignment and Assumption (Pioneer Natural Resources Co), Credit Agreement (Pioneer Natural Resources Co), Pioneer Natural Resources Co

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 3 contracts

Samples: Security and Pledge Agreement (Carriage Services Inc), Revolving Credit Agreement (Service Corporation International), Revolving Credit Agreement (Service Corporation International)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 2 contracts

Samples: Credit Agreement (Wright Express CORP), Credit Agreement (Wright Express CORP)

Revolving Loans and Borrowings. (aii) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Coupang, Inc.), Revolving Credit and Guaranty Agreement (Coupang, Inc.)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Rackspace Hosting, Inc.), Revolving Credit Agreement (Rackspace Hosting, Inc.)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as requiredrequired hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)

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Revolving Loans and Borrowings. (a1) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Dentsply International Inc /De/)

Revolving Loans and Borrowings. (a) Each Revolving ------------------------------- Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; , provided that the Revolving Commitments of the Lenders are several -------- and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Credit Agreement (Splitrock Services Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Credit Agreement (Us Concrete Inc)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; , provided that the Revolving Commitments of the Lenders are several several, and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as requiredrequired by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lecroy Corp)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesRevolving Loan Commitments. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided PROVIDED that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Credit Agreement (Service Corporation International)

Revolving Loans and Borrowings. (ad) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Counterpart Agreement (DoorDash, Inc.)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable Commitment Percentages. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Revolving Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s 's failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Servicing Agreement (Navistar Financial Corp)

Revolving Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing for Revolving Loans consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Applicable PercentagesCommitments for Revolving Loans. The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments for Revolving Commitments Loans of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

Appears in 1 contract

Samples: Credit Agreement (White Electronic Designs Corp)

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