Common use of Finance Parties Clause in Contracts

Finance Parties. 2.2.1 Each Lender has an independent right to demand that the Borrower repays the Facility Outstanding, interest and other payments contemplated by the terms of this Agreement. Except as provided for in this Agreement, each Finance Party has the right to independently enforce its rights under the Finance Documents. At the same time, the Finance Parties shall exercise their rights subject to the provisions of Clause 24 (Finance Parties). 2.2.2 No Finance Party shall be liable for the obligations of another Finance Party under the Finance Documents. In the event that any ▇▇▇▇▇▇ refuses to grant the Facility on the basis contemplated by Clause 6 (Termination of Lender’s obligations), and also if a Lender violates its obligation to grant the Facility within its Available Commitment, the Facility amount shall be reduced by this Lender’s Available Commitment.

Finance Parties. 2.2.1 (a) Each Lender has an independent right to demand that the Borrower repays Borrowers repay the Facility Outstanding, interest and other payments contemplated by the terms of this Agreement. Except as provided for in this Agreement, each Finance Party has the right to independently enforce its rights under the Finance Documents. At the same time, the Finance Parties shall exercise their rights subject to the provisions of Clause 24 23 (Finance Parties). 2.2.2 (b) No Finance Party shall be liable for the obligations of another Finance Party under the Finance Documents. In the event that any ▇▇▇▇▇▇ Lender refuses to grant the Facility on the basis contemplated by Clause 6 (Termination of Lender’s obligations), and also if a Lender violates its obligation to grant the Facility within its Available Commitment, the Facility amount shall be reduced by this Lender’s Available Commitment.