Obligations of Lenders. Each Loan of a particular Class (and, in the case of Incremental Term Loans, of a particular Series) (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of such Class (and, if applicable, of such Series) made by the Lenders ratably in accordance with their respective Commitments of such Class (and, if applicable, of such Series). The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Appears in 2 contracts
Samples: Second Amendment Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc)
Obligations of Lenders. Each Term Loan and Incremental Loan of a particular Class (and, in the case of Incremental Term Loans, of a particular Series) (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Term Loans and Incremental Loans of such Class (and, if applicable, of such Series) made by the Lenders ratably in accordance with their respective Commitments of such Class (and, if applicable, of such Series). The failure of any Lender to make any Term Loan and Incremental Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Term Loans and Incremental Loans as required.
Appears in 2 contracts
Samples: Credit Agreement (1295728 Alberta ULC), Intercreditor Agreement (1295728 Alberta ULC)
Obligations of Lenders. Each Loan of a particular Class (and, in the case of Incremental Term Loans, of a particular Series) (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of such Class (and, if applicable, of such Series) made by the Lenders ratably in accordance with their respective Commitments of such Class (and, if applicable, of such Series). The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Appears in 1 contract
Samples: Credit Agreement (Iowa Telecommunications Services Inc)
Obligations of Lenders. Each Loan of a particular Class (and, in the case of Incremental Term Loans, of a particular Series) (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of such Class (and, if applicable, of such Series) made by the Lenders ratably in accordance with their respective Commitments of such Class (and, if applicable, of such Series). The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder, provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.
Appears in 1 contract
Samples: Credit Agreement (Alaska Communications Systems Group Inc)
