Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to the Borrowers in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that (a) it is not relying on or looking to any Margin Stock for the repayment of the Borrowings and other credit extensions provided for herein and acknowledges that the Collateral shall not include any Margin Stock and (b) it is not and will not become a “creditor” as defined in Regulation T or a “foreign branch of a broker-dealer” within the meaning of Regulation X. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to any Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither any LC Issuer nor any Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Authority in violation of any Requirement of Law. BANK OF CHINA, NEW YORK BRANCH, as Lender [SIGNATURE PAGE TO CREDIT AGREEMENT—METROPOLITAN TRANSPORTATION AUTHORITY] EXHIBIT A [FORM OF REQUEST FOR TERM LOAN] REQUEST FOR TERM LOAN METROPOLITAN TRANSPORTATION AUTHORITY TAXABLE REVENUE ANTICIPATION NOTE, SERIES 2020 With a copy to: Ladies and Gentlemen: The undersigned, an Authorized Officer, refers to the Credit Agreement, dated as of May 22, 2020 (together with any amendments or supplements thereto, the “Agreement”), among the Metropolitan Transportation Authority (the “Authority”), the Lenders party thereto from time to time and JPMorgan Chase Bank, National Association, as administrative agent (the “Administrative Agent”) (the terms defined therein being used herein as therein defined) and hereby requests, pursuant to Section 2.3 of the Agreement, that the Lenders make a Term Loan under the Agreement, and in that connection sets forth below the following information relating to such Term Loan (the “Proposed Term Loan”):
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Term Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Term Loans provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of Law. The Obligations of each Foreign Subsidiary Borrower are several and not joint, except to the extent that a Foreign Subsidiary Borrower has executed a Guarantee with respect to the Obligations of another Foreign Subsidiary Borrower.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Holders hereunder are several and not joint and the failure of any Holder to purchase any Note or perform any of its obligations hereunder shall not relieve any other Holder from any of its obligations hereunder. Each Holder hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Notes provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Holder shall be obligated to extend credit to the Issuer in violation of any Requirement of Law.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Bank nor any Lender shall be obligated to extend credit to either Borrower in violation of any Requirement of Law. The obligations of each Borrower are joint and several, and each Borrower shall be obligated in respect of the aggregate principal amount of all Loans and other Secured Obligations, regardless of which Borrower may have received the proceeds of any Loans or the benefit of any Letters of Credit.
Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Purchasers hereunder are several and not joint and the failure of any Purchaser to make any Note or perform any of its obligations hereunder shall not relieve any other Purchaser from any of its obligations hereunder. Each Purchaser hereby represents that it is not relying on or looking to any margin stock for the repayment of the Notes provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Purchaser shall be obligated to extend credit to the Issuers in violation of any Requirement of Law.
