Funding of Syndication Interest Sample Clauses

Funding of Syndication Interest. Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Advances (“Advance Payment”) as determined pursuant to the terms and conditions contained herein and in particular, Articles 2, 3, and 4 hereof. Each Syndication Party’s Individual 5-Year Commitment and its interest in each Advance hereunder (collectively, its “Syndication Interest”) shall be without recourse to the Administrative Agent or any other Syndication Party and shall not be construed as a loan from any Syndication Party to the Administrative Agent or any other Syndication Party.
AutoNDA by SimpleDocs
Funding of Syndication Interest. 14.2 Syndication Parties' Obligations to Remit Funds
Funding of Syndication Interest. (a) Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Syndication Share of all Advances from time to time pursuant to the terms and conditions contained herein; provided that no Syndication Party shall be required to fund an Advance in an amount such that the aggregate principal balance owing to such Syndication Party after such funding would be in excess of such Syndication Party's Maximum Syndication Amount. Each Syndication Party's interest in the Advances ("Syndication Interest") hereunder shall be without recourse to Agent or any other Syndication Party and shall not be construed as a loan from any Syndication Party to Agent or any other Syndication Party.
Funding of Syndication Interest. Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Loans (“Loan Payment”) as determined pursuant to the terms and conditions contained herein and in particular, Article 2 hereof. Each Syndication Party’s Individual Commitment and its interest in each Loan hereunder (collectively, its “Syndication Interest”) shall be without recourse to the Administrative Agent or any other Syndication Party and shall not be construed as a loan from any Syndication Party to the Administrative Agent or any other Syndication Party.
Funding of Syndication Interest. 44 16.2 Syndication Parties' Obligations to Remit Funds............................44 16.3 Notice and Timing of Each Advance Payment..................................44 16.4 Syndication Party's Failure to Remit Funds.................................44 16.5
Funding of Syndication Interest. Each Lender, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Advances (“Advance Payment”) as determined pursuant to the terms and conditions contained herein and in particular, Articles 2, 3, and 4 hereof. Each Lender’s Individual 5-Year Commitment and its interest in each Advance hereunder (collectively, its “Syndication Interest”) shall be without recourse to the Administrative Agent or any other Lender and shall not be construed as a loan from any Lender to the Administrative Agent or any other Lender.
Funding of Syndication Interest. Each Lender, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Loans (“Loan Payment”) as determined pursuant to the terms and conditions contained herein and in particular, Article 2 hereof. Each Lender’s Individual Commitment and its interest in each Loan hereunder (collectively, its “Syndication Interest”) shall be without recourse to the Administrative Agent or any other Lender and shall not be construed as a loan from any Lender to the Administrative Agent or any other Lender.
AutoNDA by SimpleDocs
Funding of Syndication Interest. Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Advances ("ADVANCE PAYMENT") as determined pursuant to the terms and conditions contained herein and in particular, Articles 2, 3,
Funding of Syndication Interest. Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Advances (“Advance Payment”) as determined pursuant to the terms and conditions contained herein and in particular, Article 2 hereof. Each Syndication Party’s Individual Commitment and its interest in each Advance hereunder (collectively, its “Syndication Interest”) shall be without recourse to the Administrative Agent or any other Syndication Party and shall not be construed as a loan from any Syndication Party to the Administrative Agent or any other Syndication Party. The failure of any Syndication Party to make any Advance, or to make any payment on any date required in this Credit Agreement shall not relieve any other Syndication Party of its corresponding obligation to do so on such date, and no Syndication Party shall be responsible for the failure of any other Syndication Party to so make its Advance, or to make any payment required in this Credit Agreement.
Funding of Syndication Interest. Each Syndication Party, severally but not jointly, hereby irrevocably agrees to fund its Funding Share of the Term Loan Advance (“Advance Payment”) as determined pursuant to the terms and conditions contained herein. Each Syndication Party’s interest (“Syndication Interest”) in the Term Loan Advance hereunder shall be without recourse to the Administrative Agent or any other Syndication Party and shall not be construed as a loan from any Syndication Party to the Administrative Agent or any other Syndication Party.
Time is Money Join Law Insider Premium to draft better contracts faster.