Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 21 contracts
Samples: Mortgage Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.), Mortgage Warehousing (Ares Commercial Real Estate Corp), Warehousing Credit and Security Agreement (Centerline Holding Co)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill make available its obligations Commitment Percentage of any requested Warehousing Advance hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of any Warehousing Advance or of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 3 contracts
Samples: Bridge Loan Warehousing Credit and Security Agreement (Ares Commercial Real Estate Corp), Bridge Loan Warehousing Credit and Security Agreement (Ares Commercial Real Estate Corp), Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill that its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 3 contracts
Samples: Loan Agreement (Kramont Realty Trust), Loan Agreement (Newkirk Master Lp), Loan Agreement (Shelbourne Properties I Inc)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 2 contracts
Samples: Credit Agreement (Inland Real Estate Corp), Credit Agreement (Inland Real Estate Corp)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the LoanLoans, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage of the Loans provided herein.
Appears in 2 contracts
Samples: Revolving Credit Agreement and Guaranty (Heritage Property Investment Trust Inc), Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill that its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein. The full proceeds of each Loan shall be funded on the Funding Date.
Appears in 2 contracts
Samples: Master Loan Agreement (Newkirk Realty Trust, Inc.), Master Loan Agreement (Newkirk Master Lp)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not jointseveral. Failure The failure of any Lender to fulfill its that Lender's obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage or Dollar Commitment of the Loan, nor shall such failure release Revolving Credit Loans or diminish the obligations of any other Lender to fund Term Loans or its Commitment Percentage provided hereinof any L/C Drawing.
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Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Warehousing Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Warehousing Commitment Percentage provided herein.
Appears in 1 contract
Samples: Mortgage Warehousing and Security Agreement (Ares Commercial Real Estate Corp)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill that its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loanas indicated beneath such Lender’s signature below, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 1 contract
Samples: Revolving Credit Agreement (TNP Strategic Retail Trust, Inc.)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill make available its obligations Commitment Percentage of any requested Warehousing Advance hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 1 contract
Samples: Warehousing Credit and Security Agreement (Walker & Dunlop, Inc.)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill that its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the Loan, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
Appears in 1 contract
Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)
Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not jointseveral. Failure The failure of any Lender to fulfill its that Xxxxxx's obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage or Dollar Commitment of the Loan, nor shall such failure release Revolving Credit Loans or diminish the obligations of any other Lender to fund Term Loans or its Commitment Percentage provided hereinof any L/C Drawing.
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Nature of Obligations of Lenders. The obligations of the Lenders hereunder are several and not joint. Failure of any Lender to fulfill its obligations hereunder shall not result in any other Lender becoming obligated to advance more than its Commitment Percentage of the LoanLoans, nor shall such failure release or diminish the obligations of any other Lender to fund its Commitment Percentage provided herein.
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