Lender’s Responsibilities. No Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder, and each Lender shall be obligated to make only such Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its Commitment hereunder.
Lender’s Responsibilities. Lender agrees to promptly notify Great Lakes of any transactions involving the Lender and the borrower and/or changes in status or demographic data on any of its accounts if received from sources other than Great Lakes. Lender specifically agrees to promptly notify Great Lakes of any bankruptcy action taken with respect to any Loan.
Lender’s Responsibilities a. Lender’s artwork shall be displayed by the City for the sole purpose of displaying said artwork at City Recreation Facilities in accordance with the dates set forth in Section 2 of this Agreement.
Lender’s Responsibilities. (a) Each Lender represents and warrants to the Agent as follows: (i) such Lender is entitled to receive any payments under this Agreement without the withholding of any tax; (ii) if such Lender is not organized under the laws of the United States of America or a state thereof but is lawfully engaged in the conduct of a trade or business in the United States of America, payments to such Lender under this Agreement are, or are reasonably expected to be, effectively connected with the conduct of such trade or business and are or will be includable in such Lender's gross income; and (iii) if such Lender is not engaged in a trade or business in the United States of America to which payments to such Lender under this Agreement are, or are reasonably expected to be, effectively connected, such Lender is entitled to the benefits of a tax convention that exempts income earned by such Lender in respect of this Agreement from United States withholding tax, and such Lender has satisfied all requirements to qualify for such exemption. Each Lender will reimburse and indemnify the Agent for, and hold the Agent harmless from and against, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements of any kind or nature whatsoever that may be imposed upon, incurred by or asserted against Agent due to its reliance upon the representations of such Lender contained in this section. Unless the Agent receives written notice to the contrary, each Lender shall be deemed to have made the representations contained in this section for the current and each subsequent tax year of such Lender.
Lender’s Responsibilities. It is expressly understood and agreed that Lender does not assume any liability or responsibility for the sufficiency of the Loan proceeds to complete the Project, for protection of the Project, for the adequacy of the Plans, the compliance of the Project and/or Plans with Governmental Requirements, for the satisfactory completion of the Project, for inspection during construction or to notify Borrower or any other party of any construction defects, for the adequacy or accuracy of the Budget, for any representations made by Borrower, or for any acts on the part of Borrower or its contractors to be performed in connection with the construction of the Project.
Lender’s Responsibilities. Lender further agrees to promptly notify Great Lakes in such form as may from time to time be specified by Great Lakes in the Lender Service Manual, of any transaction involving the Lender and the borrower and/or changes in status or demographic data on any of its accounts if received from sources other than Great Lakes. Lender specifically agrees to promptly notify Great Lakes of any bankruptcy action taken with respect to any Loan.
Lender’s Responsibilities. No Lender shall be responsible for ------------------------- any default by any other Lender in its obligation to make Loans hereunder, and each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its Commitment hereunder.
Lender’s Responsibilities. Lender shall not have any obligation or responsibility to do any of the following: (1) protect and preserve any collateral and other security given or to be given in connection with the Contract, as herein modified, against the rights of third persons having an interest therein; (2) provide information to third persons relative to the Contract, as herein modified, Lender’s liens and security interests in any collateral and other security, or otherwise with respect to Borrower; and (3) subordinate its liens and security interests in any collateral and other security to the interests of any third persons or to enter into control agreements relative to such collateral and other security.
Lender’s Responsibilities. Lender will perform the following functions:
Lender’s Responsibilities. No Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder, and each Lender shall be obligated to make only such Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its Commitment hereunder. If any Lender fails to pay any amount when due by it to the Administrative Agent or the Canadian Administrative Agent pursuant to the terms hereof, such amount shall bear interest from the due date until paid at the rate determined by the Administrative Agent or the Canadian Administrative Agent as customary in the banking industry for interbank compensation. In no event shall Borrowers be entitled to receive credit for any interest paid by a Lender to the Administrative Agent or the Canadian Administrative Agent, nor shall any Defaulting Lender be entitled to interest on any amounts held by Agent pursuant to Section 2.30.
