Common use of Banks' Obligations Several Clause in Contracts

Banks' Obligations Several. The failure of any Bank to make the Revolving Loan to be made by it as part of any Revolving Loan Borrowing shall not relieve any other Bank of its obligation hereunder to make its Revolving Loan on the date of such Revolving Loan Borrowing, but no Bank shall be responsible for the failure of any other Bank to make the Revolving Loan to be made by such other Bank on the date of any Revolving Loan Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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Banks' Obligations Several. The failure of any Bank to make the Revolving Loan to be made by it as part of any Revolving Loan Borrowing shall not relieve any other Bank of its obligation hereunder to make its Revolving Loan on the date of such Revolving Loan Borrowing, but no Bank shall be responsible for the failure of any other Bank to make the Revolving Loan to be made by such other Bank on the date of any Revolving Loan Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Quantum Corp /De/), Credit Agreement (Quantum Corp /De/)

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