Common use of Failure of Lender to Fund Clause in Contracts

Failure of Lender to Fund. All obligations of the Lenders hereunder shall be several, but not joint. The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance as part of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make an Advance on any Borrowing Date.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Integrated Health Services Inc), Revolving Credit Agreement (Integrated Health Services Inc)

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Failure of Lender to Fund. All obligations of the Lenders hereunder shall be several, but not joint. The failure of any Lender to make the Advance to be made by it as part of any Revolving Borrowing or Term Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance as part of such Revolving Borrowing or Term Borrowing, but no Lender shall be responsible for the failure of any other Lender to make an Advance on any Borrowing Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Integrated Health Services Inc)

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Failure of Lender to Fund. All obligations of the Lenders hereunder shall be several, but not joint. The failure of any Lender to make the Advance to be made by it as part of any Borrowing Revolving Credit Advance shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance as part of such BorrowingRevolving Credit Advance, but no Lender shall be responsible for the failure of any other Lender to make an Advance on any Borrowing Date.

Appears in 1 contract

Samples: Credit Agreement (Integrated Health Services Inc)

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