Common use of Co-Lenders Clause in Contracts

Co-Lenders. (a) At all times (i) the liabilities of Lender shall be several and not joint, (ii) no Co-Lender shall be responsible for the obligations of any other Co-Lender, and (iii) each Co-Lender shall be liable to Borrower only for their respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Co-Lender in accordance with its Ratable Share.

Appears in 3 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Necessity Retail REIT, Inc.), Loan Agreement (Healthcare Trust, Inc.)

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Co-Lenders. (a) At all times Following the date hereof, (i) the liabilities of Lender shall be several and not joint, (ii) no neither Co-Lender shall be responsible for the obligations of any the other Co-Lender, and (iii) each Co-Lender shall be liable to Borrower only for their respective its Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or advances set forth herein shall run to and benefit each Co-Lender in accordance with its Ratable Share.

Appears in 1 contract

Samples: Loan Agreement (Americold Realty Trust)

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