Common use of Several Obligations of the Banks Clause in Contracts

Several Obligations of the Banks. The commitments to lend and relevant obligations of the Banks under this Agreement are separate and independent. Each Bank shall perform its own Commitment to extend the Loans in accordance with this Agreement. No action or inaction on the part of any Bank will result in any right or obligation on the part of another Bank. The Banks are not jointly liable with one another for the obligations under this Agreement.

Appears in 4 contracts

Samples: Syndicated Loan Agreement (Advanced Semiconductor Engineering Inc), Syndicated Loan Agreement (Ase Test LTD), Syndicated Loan Agreement (Advanced Semiconductor Engineering Inc)

AutoNDA by SimpleDocs

Several Obligations of the Banks. The commitments to lend and relevant obligations of the Banks under this Agreement are separate all independent and independentseveral of one another. Each Bank shall perform its own Commitment undertaking to extend the Loans facilities in accordance with this Agreement. No action or inaction on the part of any Bank will result in any right or obligation on the part of another Bank. The Banks are not jointly liable with one another for the obligations under this Agreement.

Appears in 1 contract

Samples: Syndicated Loan Agreement (Amkor Technology Inc)

Several Obligations of the Banks. The commitments to lend and relevant obligations of the Banks under this Agreement are separate and independent. Each Bank shall perform its own Commitment to extend the Loans in accordance with this Agreement. No action or inaction on the part of any Bank will result in any right or obligation on the part of another Bank. The Banks are not jointly liable with one another for the obligations under this Agreement.

Appears in 1 contract

Samples: Syndicated Loan Agreement (ASE Technology Holding Co., Ltd.)

AutoNDA by SimpleDocs

Several Obligations of the Banks. The commitments to lend and relevant obligations of the Banks under this Agreement are separate and independent. Each Bank shall perform its own Commitment to extend the Loans in accordance with this Agreement. No action or inaction on the part of any Bank will result in any right or obligation on the part of another Bank. The Banks are not jointly liable with one another for the obligations under this Agreement. 5.2.

Appears in 1 contract

Samples: Syndicated Loan Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!