Conditions Not Fulfilled. If no Loans are made or issued hereunder owing to nonfulfillment of any condition precedent specified in Article 5 hereof, no party hereto shall be responsible to any other party for any damage or loss by reason thereof, except that the Borrower shall be in any event liable to pay the fees, Taxes, and expenses for which it is obligated hereunder.
Appears in 3 contracts
Samples: Loan Agreement (Elandia International Inc.), Loan Agreement (Elandia International Inc.), Loan Agreement (Elandia, Inc.)
Conditions Not Fulfilled. If no Loans are Loan is made or issued hereunder owing to nonfulfillment of any condition precedent specified in Article 5 hereofIII, no party hereto shall be responsible to any other party for any damage or loss by reason thereof, except that the Borrower shall be in any event be liable to pay the fees, Taxes, and expenses for which it is obligated hereunder.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hollywood Entertainment Corp)
