Common use of Conditions Not Fulfilled Clause in Contracts

Conditions Not Fulfilled. If the Commitment or any portion thereof is not borrowed owing to nonfulfillment of any condition precedent specified in Article 3, neither Borrower nor either Lender shall be responsible to the others for any damage or loss by reason thereof, except that Borrower shall in any event be liable to pay the fees, taxes, and expenses for which it is obligated hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Itron Inc /Wa/), Loan Agreement (Itron Inc /Wa/)

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Conditions Not Fulfilled. If the Commitment or any portion thereof is not borrowed owing to nonfulfillment of any condition precedent specified in Article 32, neither Borrower nor either Lender shall be responsible to the others other for any damage or loss by reason thereof, except that Borrower shall in any event be liable to pay the fees, taxesTaxes, and expenses for which it is obligated hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Cascade Natural Gas Corp), Loan Agreement (Cascade Natural Gas Corp)

Conditions Not Fulfilled. If the Loan Commitment or any portion thereof is not borrowed owing to nonfulfillment of any condition precedent specified in Article 3IV, neither Borrower nor either Lender shall be responsible to the others other for any damage or loss by reason thereof, except that Borrower shall in any event be liable to pay the fees, taxes, and expenses for which it is obligated hereunder.

Appears in 1 contract

Samples: Security Agreement (Crystal Mountain Inc)

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Conditions Not Fulfilled. If the Commitment or any portion thereof is not borrowed owing to nonfulfillment of any condition precedent specified in Article ss. 3, neither Borrower nor either Lender shall be responsible to the others other for any damage or loss by reason thereof, except that Borrower shall in any event be liable to pay the fees, taxesTaxes, and expenses for which it is obligated hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fei Co)

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