Common use of Treatment of a Defaulting Lender Clause in Contracts

Treatment of a Defaulting Lender. (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 Borrowers or any of 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 (Unique Fabricating, Inc.), Credit Agreement (Unique Fabricating, Inc.), Term Loan Agreement (RetailMeNot, Inc.)

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Treatment of a Defaulting Lender. (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 Borrowers Borrower or any of 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 (Intcomex, Inc.), Assignment Agreement (Quinstreet, Inc)

Treatment of a Defaulting Lender. (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 Borrowers or any of 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 1 contract

Samples: Revolving and Term Loan Credit Agreement (American Midstream Partners, LP)

Treatment of a Defaulting Lender. (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 Borrowers any Borrower or any of 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 (PMFG, Inc.)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Wca Waste Corp)

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Treatment of a Defaulting Lender. (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 Borrowers the Borrower or any of 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 and Term Loan Agreement (Quinstreet, Inc)

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

Appears in 1 contract

Samples: Security Agreement (Rent the Runway, Inc.)

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