Common use of Commitments Several Clause in Contracts

Commitments Several. The failure of any Lender to make the initial Term Loan on the Closing Date or any subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

Appears in 7 contracts

Samples: Credit Agreement (Aralez Pharmaceuticals Inc.), Credit Agreement (Aralez Pharmaceuticals Inc.), Credit Agreement (Aralez Pharmaceuticals Inc.)

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Commitments Several. The failure of any Lender to make the initial Term Loan on the Closing Date or any subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a its Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any the Term Loan to be made by such other Lender.

Appears in 4 contracts

Samples: Credit Agreement (Biolase, Inc), Credit Agreement (Biolase, Inc), Credit Agreement (Biolase, Inc)

Commitments Several. The failure of any Lender to make the initial a Term Loan on the Closing Date or any subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a Term Loan on the applicable dateClosing Date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Performance Health Holdings Corp.), Second Lien Credit Agreement (Performance Health Holdings Corp.)

Commitments Several. The failure of any Lender to make the initial Term Loan on the Closing Date or any subsequent the Subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

Appears in 2 contracts

Samples: Credit Agreement (pSivida Corp.), Credit Agreement (SWK Holdings Corp)

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Commitments Several. The failure of any Lender to make the initial Term Loan on the Closing Date or any subsequent Date, the Subsequent Term Loan A in accordance with Section 2.2.2 above, or the Subsequent Term Loan B in accordance with Section 2.2.3 above shall not relieve any other Lender of its obligation (if any) to make a Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

Appears in 1 contract

Samples: Credit Agreement (Veru Inc.)

Commitments Several. The failure of any Lender to make the initial Term Loan on the Closing Date or any subsequent Term Loan in accordance with Section 2.2.2 above shall not relieve any other Lender of its obligation (if any) to make a its Loan on the applicable date, but no Lender shall be responsible for the failure of any other Lender to make any Term Loan to be made by such other Lender.

Appears in 1 contract

Samples: Credit Agreement (Biotricity Inc.)

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