Common use of Lenders’ Failure to Perform Clause in Contracts

Lenders’ Failure to Perform. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any 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 obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligation to make any Advances hereunder shall excuse any other Lender from its obligation to make any Advances hereunder.

Appears in 5 contracts

Samples: Loan and Security Agreement (Network Plus Corp), Loan and Security Agreement (Aureal Semiconductor Inc), Loan and Security Agreement (Network Plus Corp)

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Lenders’ Failure to Perform. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any 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 obligation to make any Advances hereunder, and (ii) no failure by any Lender to perform its obligation to make any Advances hereunder shall excuse any other Lender from its obligation to make any Advances hereunder.. (g)

Appears in 1 contract

Samples: Loan and Security Agreement (CTC Communications Corp)

Lenders’ Failure to Perform. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advances Revolving Loans 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 obligation to make any Advances Revolving Loans hereunder, and (ii) no failure by any Lender to perform its obligation to make any Advances Revolving Loans hereunder shall excuse any other Lender from its obligation to make any Advances Revolving Loans hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Sm&a Corp)

Lenders’ Failure to Perform. It is understood that (i) no Lender --------------------------- shall be responsible for any failure by any other Lender to perform its obligation to make any Advances Loans 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 obligation to make any Advances Loans hereunder, and (ii) no failure by any Lender to perform its obligation to make any Advances Loans hereunder shall excuse any other Lender from its obligation to make any Advances Loans hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Emergent Information Technologies Inc)

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Lenders’ Failure to Perform. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advances Loans 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 obligation to make any Advances Loans hereunder, and (ii) no failure by any Lender to perform its obligation to make any Advances Loans hereunder shall excuse any other Lender from its obligation to make any Advances Loans hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Sm&a Corp)

Lenders’ Failure to Perform. It is understood that (i) no --------------------------- Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advances hereunderCommitment, nor shall any the Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligation to make any Advances hereunderCommitment, and (ii) no failure by any Lender to perform its obligation Commitment to make any Advances Advance hereunder shall excuse any other Lender from its obligation Commitment to make any Advances Advance hereunder.

Appears in 1 contract

Samples: Loan Agreement (CTC Communications Corp)

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