Common use of Several Obligations of Lenders Clause in Contracts

Several Obligations of Lenders. The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mac Frugals Bargains Close Outs Inc)

AutoNDA by SimpleDocs

Several Obligations of Lenders. The failure of any Lender to ------------------------------ make the any Loan to be made by it as part of any Borrowing on the date specified therefor shall not relieve any other Lender of its obligation, if any, hereunder any obligation such other Lender may have to make its a Loan on the date of such Borrowingdate, but no neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make the a Loan to be made by such other Lender. No Revolving Lender on the date will be responsible for failure of any Borrowingother Lender to fund its participation in Swing Loans or Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Imagistics International Inc)

Several Obligations of Lenders. The failure of any Lender to ------------------------------ make the any Loan to be made by it as part of any Borrowing on the date specified therefor shall not relieve any other Lender of its obligation, if any, hereunder obligation to make its Loan on the date of such Borrowingdate, but no neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make the a Loan to be made by such other Lender, and (except as otherwise provided in Section 4.06) no Lender on shall have any obligation to Administrative Agent or any other Lender for the date of failure by such Lender to make any BorrowingLoan required to be made by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

AutoNDA by SimpleDocs

Several Obligations of Lenders. The failure of any Lender to make the any Loan to be made by it as part of any Borrowing on the date specified therefor shall not relieve any other Lender of its obligation, if any, hereunder any obligation such other Lender may have to make its a Loan on the date of such Borrowingdate, but no neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make the a Loan to be made by such other Lender. No Revolving Lender on the date will be responsible for failure of any Borrowingother Lender to fund its participation in Swing Loans or Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Imagistics International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.