Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to the Borrowers in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Anything contained in this Agreement to the contrary notwithstanding, neither any Issuing Bank nor any Lender shall be obligated to extend credit to the Borrowers in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that (a) it is not relying on or looking to any Margin Stock for the repayment of the Borrowings and other credit extensions provided for herein and acknowledges that the Collateral shall not include any Margin Stock and (b) it is not and will not become a “creditor” as defined in Regulation T or a “foreign branch of a broker-dealer” within the meaning of Regulation X. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to any Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to the Borrowers in violation of any Applicable Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Revolving Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that (a) it is not relying on or looking to any Margin Stock for the repayment of the Borrowings provided for herein and (b) it is not and will not become a “creditor” as defined in Regulation T or a “foreign branch of a broker-dealer” within the meaning of Regulation X. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Authority in violation of any Requirement of Law.
1. The Business Day of the Proposed Term Loan is , 20 (the “Advance Date”), which is at least [three (3) Business Days following the date hereof in the case of a LIBO Rate Term Loan] [the same Business Day as the date hereof in the case of a Base Rate Term Loan].
2. The principal amount of the Proposed Term Loan is $ , which is not greater than the Available Commitment as of the Advance Date set forth in 1 above.
3. The aggregate amount of the Proposed Term Loan shall be used solely for any purpose permitted under the RANs Resolution.
4. The Proposed Term Loan shall be a [LIBO Rate Term Loan] [Base Rate Term Loan] bearing interest at [the Fixed LIBO Rate] [the Base Rate].
5. The sum of the principal amount of the Proposed Term Loan set forth in 2 above plus all other Loans outstanding does not exceed the Commitment Amount as of the Advance Date set forth in 1 above.
6. [If applicable:] [For a Proposed Term Loan that will be a LIBO Rate Term Loan:]
(i) The duration of the Rate Period with respect to the LIBO Rate Term Loan shall be one month.
(ii) The last day of the proposed Rate Period will be , 20 , which is not later than the Commitment Expiration Date.
(iii) Absent a different election by the Authority at the end of the Rate Period, the Authority desires that the Term Loan: [Check applicable box] Automatically convert to a Base Rate Term Loan until otherwise directed by the Authority; or Automatically continue as a LIBO Rate Term Loan until otherwise directed by the Authority. The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the Advance Date, before and after giving effect thereto:
(a) No Event of Default has occurred and is continuing;
(b) Each of the representations and warranties set forth in Article VI of the Agreement and in the other Related Documents ...
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Term Lenders hereunder are several and not joint and the failure of any Term Lender to make any Term Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Term Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Term Loans provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Term Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Holders hereunder are several and not joint and the failure of any Holder to purchase any Note or perform any of its obligations hereunder shall not relieve any other Holder from any of its obligations hereunder. Each Holder hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Notes provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Holder shall be obligated to extend credit to the Issuer in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to either Borrower in violation of any Requirement of Law. The obligations of each Borrower are joint and several, and each Borrower shall be obligated in respect of the aggregate principal amount of all Loans and other Secured Obligations, regardless of which Borrower may have received the proceeds of any Loans or the benefit of any Letters of Credit.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law. The Obligations of each Foreign Subsidiary Borrower are several and not joint, except to the extent that a Foreign Subsidiary Borrower has executed a Guarantee with respect to the Obligations of another Foreign Subsidiary Borrower.
