Common use of Several Obligations Clause in Contracts

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan, but neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 13 contracts

Sources: Loan Agreement (Alexanders Inc), Loan Agreement (General Growth Properties, Inc.), Loan Agreement (Alexanders Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any no Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 12 contracts

Sources: Credit Agreement (Eex Corp), Credit Agreement (Enserch Exploration Inc /Tx/), Credit Agreement (Enserch Exploration Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither the Administrative Agent nor any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 12 contracts

Sources: Credit Agreement (RPM International Inc/De/), Credit Agreement (RPM International Inc/De/), Credit Agreement (Applied Extrusion Technologies Inc /De)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any the other Lender Lenders of its obligation their respective obligations to make its Loantheir Loans on such date, but neither any no Lender nor Administrative Agent shall be responsible for the failure of any the other Lender Lenders to make a Loan Loans to be made by such other LenderLenders.

Appears in 5 contracts

Sources: Loan Agreement (Trinity Place Holdings Inc.), Term Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan, but neither any Lender nor the Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 4 contracts

Sources: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Douglas Emmett Inc), Mezzanine Loan Agreement (Morgans Hotel Group Co.)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any the other Lender Lenders of its obligation their respective obligations to make its Loan, their Loans on such date; but neither in no event shall any Lender nor Administrative Agent shall be responsible for the failure of any the other Lender Lenders to make a Loan Loans to be made by such other LenderLenders.

Appears in 2 contracts

Sources: Loan and Security Agreement (BTHC VI Inc), Loan and Security Agreement (Athersys, Inc / New)

Several Obligations. The failure of any Lender to make any advance of its Loan Commitment to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make the advance of its LoanLoan Commitment, but neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan the advance to be made by such other Lender.

Appears in 2 contracts

Sources: Loan Agreement (Care Capital Properties, Inc.), Loan Agreement (Summit Healthcare REIT, Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither Administrative Agent nor any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (Ocean Energy Inc /Tx/)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender, and (except as otherwise provided in Section 4.06) no Lender shall have any obligation to Administrative Agent or any other Lender for the failure by such Lender to make any Loan required to be made by such Lender.

Appears in 1 contract

Sources: Credit Agreement (Krasovec Frank P)

Several Obligations. The failure of any Lender to make any Loan ------------------- to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan, but and neither any Lender nor the Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Loan Agreement (Center Trust Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any Lender nor the Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender, and (except as otherwise provided in Section 4.06) no Lender shall have any obligation to the Administrative Agent or any other Lender for the failure by such Lender to make any Loan required to be made by such Lender.

Appears in 1 contract

Sources: Credit Agreement (Imco Recycling Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any Lender nor Administrative Agent the Agents shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Credit Agreement (Kenon Holdings Ltd.)

Several Obligations. The failure of any Lender to make any Loan ------------------- to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither the Agent nor any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (American Dental Partners Inc)

Several Obligations. The failure of any Lender to make any the Loan to be made by it on the date specified therefor as part of any Borrowing shall not relieve any other Lender of its obligation obligation, if any, hereunder to make its LoanLoan on the date of such Borrowing, but neither any no Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a the Loan to be made by such other LenderLender on the date of any Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Ameristeel Corp)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any the other Lender Lenders of its obligation their 52 -44- respective obligations to make its Loantheir Loans on such date, but neither any no Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan Loans to be made 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 on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan, but neither any Lender nor Administrative the Collateral Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Loan Agreement (Prime Group Realty Trust)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither the Agent nor any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement (American Dental Partners Inc)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor Closing Date shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any no Lender nor Administrative Agent 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: Term Loan Agreement (Mission Resources Corp)

Several Obligations. The failure of any Lender to make any Loan the Loans to be made by it on the date specified therefor Borrowing Date shall not relieve any other Lender of its obligation to make its LoanLoans on such date, but neither any Lender nor the Administrative Agent shall be responsible for the failure of any other Lender to make a Loan the Loans to be made by such other Lender and (except as otherwise provided in Section 3.8) no Lender shall have any obligation to the Administrative Agent or any other Lender for the failure by such Lender to make the Loans required to be made by such Lender.

Appears in 1 contract

Sources: Credit Agreement (BPZ Resources, Inc.)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan, but and neither any Lender nor the Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender.

Appears in 1 contract

Sources: Loan Agreement (Center Trust Inc)

Several Obligations. The failure of any Lender to make any Building Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its Building Loan, but neither any Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Building Loan to be made by such other Lender.

Appears in 1 contract

Sources: Building Loan Agreement (Acadia Realty Trust)

Several Obligations. The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve any other Lender of its obligation to make its LoanLoan on such date, but neither any no Lender nor Administrative Agent shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender to be provided by such other Lender.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Wca Waste Corp)