Common use of Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure Clause in Contracts

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 6 contracts

Samples: Credit Agreement (Accolade, Inc.), Credit and Term Loan Agreement (Montauk Renewables, Inc.), Credit Agreement (Accolade, Inc.)

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Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower Borrowers or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Warby Parker Inc.), Revolving Credit and Term Loan Agreement (Archaea Energy Inc.), Revolving Credit and Term Loan Agreement (Archaea Energy Inc.)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 4 contracts

Samples: Mortgage Warehousing Agreement (M/I Homes, Inc.), Mortgage Warehousing Agreement (M/I Homes, Inc.), Mortgage Warehousing Agreement (M I Homes Inc)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its their Subsidiaries, the Administrative Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Matador Resources Co), Credit Agreement (Matador Resources Co), Credit Agreement (Matador Resources Co)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Universal Truckload Services, Inc.), Assignment Agreement (Universal Truckload Services, Inc.), Credit and Term Loan Agreement (LINC Logistics Co)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 3 contracts

Samples: Joinder Agreement (Inogen Inc), Agreement (Inogen Inc), Revolving Credit and Term Loan Agreement (Neophotonics Corp)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.. 107

Appears in 2 contracts

Samples: Glaukos Corporation (GLAUKOS Corp), Glaukos Corporation (GLAUKOS Corp)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a1) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Dragonwave Inc), Revolving Credit Agreement (Dragonwave Inc)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower applicable Borrower(s) or any of its their Subsidiaries, the any Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Credit Agreement (Manitex International, Inc.)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s 's failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Mortgage Warehousing Agreement (M I Homes Inc)

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Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Credit Agreement (Compuware Corp)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower applicable Borrower(s) or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Credit Agreement (Manitex International, Inc.)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower Company or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Credit Agreement (Bazaarvoice Inc)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower Borrowers or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s 's failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bridgepoint Education Inc)

Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. (a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make any Advance under this Agreement, and no Lender shall have any liability to the Borrower Borrowers or any of its their Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder.

Appears in 1 contract

Samples: Credit Agreement (Multimedia Games Holding Company, Inc.)

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