Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 15 contracts
Samples: Credit Agreement (Log on America Inc), Credit Agreement (Texas Telecommunications Lp), Credit Agreement (Pathnet Telecommunications Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 9 contracts
Samples: Credit Agreement (Drypers Corp), Loan Agreement (Prime Medical Services Inc /Tx/), Credit Agreement (Pride Petroleum Services Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 5 contracts
Samples: Financing Agreement (Encore Wire Corp /De/), Financing Agreement (Encore Wire Corp /De/), Credit Agreement (Dynamex Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender bank shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans Borrower which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 3 contracts
Samples: Credit Agreement (Coho Resources Inc), Credit Agreement (Coho Energy Inc), Credit Agreement (Coho Energy Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any its Commitment shall not, in and of its Commitments shall not itself, relieve the other Lenders of their obligations under this AgreementAgreement (which obligations, however, shall continue to be subject to the conditions set forth in the Loan Documents). In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other -------------------- obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Cais Internet Inc)
Several Commitments. The Commitments commitments to lend and other obligations of the Lenders under this Agreement are several. The default by any the Lender in making a Loan its portion of the Advance in accordance with any of its Commitments Commitment hereunder shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loanits portion of the Advance, each nondefaulting Lender shall be obligated to make its Loan portion of the Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment, as applicable. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each [ ] nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Term Loan Agreement (Drypers Corp)
Several Commitments. The Commitments and other obligations of ------------------- the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans Borrower which would shall in the aggregate exceed such Lender's Commitment with respect to such Loans’s Revolving Credit Commitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Ezcorp Inc)
Several Commitments. The Commitments and other obligations ------------------- of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Ipcs Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in 66 accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans Borrower which would shall in the aggregate exceed such Lender's Commitment with respect to such Loans’s Revolving Credit Commitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Ezcorp Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Kitty Hawk Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting non-defaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender bank shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansCommitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Ezcorp Inc)
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any Loan, each nondefaulting Lender shall be obligated to make its Loan but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans which would in the aggregate exceed such Lender's Commitment with respect to such Loans. No Lender shall be responsible to the Agent or any other Lender for any act or omission of any other Lender.
Appears in 1 contract
Several Commitments. The Commitments and other obligations of the Lenders under this Agreement are several. The default by any Lender in making a Loan an Advance in accordance with any of its Commitments Commitment shall not relieve the other Lenders of their obligations under this Agreement. In the event of any default by any Lender in making any LoanAdvance, each nondefaulting Lender shall be obligated to make its Loan Advance but shall not be obligated to advance the amount which the defaulting Lender was required to advance hereunder. In no event shall any Lender be required to advance an amount or amounts with respect to any of the Loans Borrower which would shall in the aggregate exceed such Lender's Commitment with respect to such LoansRevolving Credit Commitment. No Lender shall be responsible for any act or omission of any other Lender.
Appears in 1 contract
Samples: Credit Agreement (Ezcorp Inc)