Common use of Several Obligations Clause in Contracts

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 77 contracts

Sources: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 7 contracts

Sources: Subordinated Credit Agreement (Shell Capital Inc), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Several Obligations. The failure of any Lender to make any Loan to be made by it such Lender or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide such funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 4 contracts

Sources: Global Credit Agreement (United Meridian Corp), Global Credit Agreement (Ocean Energy Inc), Global Credit Agreement (Ocean Energy Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide such funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide such funds to be provided by such other Lender.

Appears in 4 contracts

Sources: Credit Agreement (Houston Exploration Co), Credit Agreement (Houston Exploration Co), Credit Agreement (Houston Exploration Co)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit or with respect to Swingline Loans on the date specified therefor shall not relieve any other Lender of its obligation to make its Revolving Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 3 contracts

Sources: Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.), Credit Agreement (Black Stone Minerals, L.P.)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit or the Distribution LC on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 2 contracts

Sources: Credit Agreement (Kinder Morgan Energy Partners Lp), Credit Agreement (Kinder Morgan Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for the acceptance and purchase of Bankers' Acceptances or disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 2 contracts

Sources: Credit Agreement (Petrocorp Inc), Credit Agreement (Petrocorp Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit or for its participations in Swing Line Loans on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 2 contracts

Sources: Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Crimson Exploration Inc.)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor therefore shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 2 contracts

Sources: Credit Agreement (Arena Resources Inc), Credit Agreement (Arena Resources Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters the Letter of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Kinder Morgan Energy Partners Lp)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor Closing Date shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Bridge Loan Agreement (Buckeye Partners L P)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Corrida Resources Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender Table of Contents to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Corp)

Several Obligations. The failure of any Lender to make any ------------------- Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Mission Resources Corp)

Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any the other Lender Lenders of its obligation their respective obligations to make its Loan or provide funds their Loans on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan Loans to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Saga Communications Inc)

Several Obligations. The failure of any Lender to make ------------------- any Loan to be made by it or to provide funds for disbursements or reimbursements under Letters of Credit on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender or to provide funds to be provided by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Aroc Inc)