Common use of Lenders’ Failure to Perform Clause in Contracts

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Intapp, Inc.), Dip Credit Agreement (Foothills Resources Inc), Dip Credit Agreement (Storm Cat Energy CORP)

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Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 4 contracts

Samples: Loan Agreement (Ram Energy Resources Inc), Loan Agreement (Ram Energy Resources Inc), Loan and Security Agreement (Samuels Jewelers Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Foothill Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 4 contracts

Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc), Loan and Security Agreement (Ram Energy Inc/Ok), Loan and Security Agreement (Employee Solutions Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Agent Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Pro-Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 3 contracts

Samples: Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc), Loan and Security Agreement (Los Buenos Leasing Co Inc), Loan and Security Agreement (Vermont Transit Co Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (SMART Modular Technologies (WWH), Inc.), Credit Agreement (Ocular Sciences Inc /De/)

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of creditcredit (if any)) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Abraxas Petroleum Corp), Loan Agreement (Abraxas Petroleum Corp)

Lenders’ Failure to Perform. All Advances (other than Protective --------------------------- Foothill Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Convergent Communications Inc /Co)

Lenders’ Failure to Perform. All Advances (other than Protective Administrative Agent Loans and Administrative Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Natural Wonders Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders substantially contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any Revolver Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Amistar Corp)

Lenders’ Failure to Perform. All Advances (other than Protective Foothill Loans and Foothill Group Agent Advances) shall be made by the Lenders contemporaneously with a Commitment to make Advances simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no such Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any such Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any such Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other such Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Stormedia Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Agent Advances) shall be deemed made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Agent --------------------------- Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

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Lenders’ Failure to Perform. All Advances (other than Protective Agent Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as .as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any the Revolver Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Respiratory Care Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any Revolver Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Design Within Reach Inc)

Lenders’ Failure to Perform. All Advances (other than Agent Loans and Agent Protective Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Agent Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Icf Kaiser International Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Agent Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

Lenders’ Failure to Perform. All Advances (other than Protective Foothill Loans and Agent Advances) shall be made by the Lenders contemporaneously simultaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) Advances hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligations obligation to make any Advances hereunder shall excuse any other Lender from its obligations obligation to make any Advances hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (General Datacomm Industries Inc)

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