Common use of Several Obligations; Remedies Independent Clause in Contracts

Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) to be made by it on the Borrowing Date shall not relieve any other Lender of its obligation to make its Loan(s) on such date, but neither any Lender nor any Agent shall be responsible for the failure of any other Lender to make the Loan(s) to be made by such other Credit Agreement 17 Lender and (except as otherwise provided in Section 3.7) no Lender shall have any obligation to either Agent or any other Lender for the failure by such Lender to make the Loan(s) required to be made by such Lender.

Appears in 2 contracts

Samples: Credit Agreement (Votorantim Pulp & Paper Inc), Credit Agreement (Votorantim Pulp & Paper Inc)

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Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) Loan to be made by it on the applicable Borrowing Date shall not relieve any other Lender of its obligation to make its Loan(s) Loans on such date, but and neither any other Lender nor any the Administrative Agent shall (i) be responsible for the failure of any Defaulting Lender to make a Loan hereunder or (ii) have any obligation to any Borrower or any other Person, including the Administrative Agent or any other Lender, for the failure by a Defaulting Lender to make the Loan(s) to be made by such other Credit Agreement 17 Lender and (except as otherwise provided in Section 3.7) no Lender shall have any obligation to either Agent or any other Lender for the failure by such Lender to make the Loan(s) Loan required to be made by such Defaulting Lender.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (JBS Holding Luxembourg S.A R.L.)

Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) any Loan to be made by it on the Borrowing Date date specified therefor shall not relieve any other Lender of its obligation to make its Loan(s) Loan on such date, but neither any Lender nor any the Administrative Agent shall be responsible for the failure of any other Lender to make the Loan(s) a Loan to be made by such other Credit Agreement 17 Lender Lender, and (except as otherwise provided in Section 3.74.06 hereof) no Lender shall have any obligation to either the Administrative Agent or any other Lender for the failure by such Lender to make the Loan(s) any Loan required to be made by such Lender.. CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) to be made by it on the Borrowing Date shall not relieve any other Lender of its obligation to make its Loan(s) on such date, but neither any Lender nor any Agent shall be responsible for the failure of any other Lender to make the Loan(s) to be made by such other Credit Agreement 17 Lender and (except as otherwise provided in Section 3.7) no Lender shall have any obligation to either Agent or any other Lender for the failure by such Lender to make the Loan(s) required to be made by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Votorantim Pulp & Paper Inc)

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Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) any Loan to be made by it on the Borrowing Date Credit Agreement 37 date specified therefor shall not relieve any other Lender of its obligation to make its Loan(s) Loan on such date, but neither any Lender nor any the Administrative Agent shall be responsible for the failure of any other Lender to make the Loan(s) a Loan to be made by such other Credit Agreement 17 Lender Lender, and (except as otherwise provided in Section 3.7) no Lender shall have any obligation to either the Administrative Agent (except as provided in Section 4.06 hereof) or any other Lender for the failure by such Lender to make the Loan(s) any Loan required to be made by such Lender.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Several Obligations; Remedies Independent. The failure of any Lender to make the Loan(s) Loan to be made by it on the a Borrowing Date shall not relieve any other Lender of its obligation to make its Loan(s) Loans on such date, but and neither any other Lender nor any either Agent shall (i) be responsible for the failure of any other defaulting Lender to make the Loan(sa Loan hereunder or (ii) to be made by such other Credit Agreement 17 Lender and (except as otherwise provided in Section 3.7) no Lender shall have any obligation to the Borrower or any other Person, including either Agent or any other Lender Lender, for the failure by such a defaulting Lender to make the Loan(s) Loan required to be made by such defaulting Lender.

Appears in 1 contract

Samples: Export Prepayment Agreement (Votorantim Pulp & Paper Inc)

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