Common use of Obligation of Lenders Clause in Contracts

Obligation of Lenders. Subject to the conditions set forth in Section 2.3, each Lender severally agrees to make Additional Loans to Borrowers and to issue L/C Guaranties on behalf of Borrowers from time to time on or after the Closing Date to the Maturity Date, in the case of Additional Loans, and to the L/C Expiration Date, in the case of L/C Guaranties (i) except Additional Loans shall be made pursuant to subsection 2.4.3 after the Maturity Date (by acceleration) to pay L/C Guaranty Obligations incurred pursuant to L/C Guaranties issued prior to the L/C Expiration Date and (ii) provided at no time shall the aggregate amount of such Lender's Loans and L/C Guaranty Obligations exceed such Lender's Commitment and the L/C Guaranty Obligations of all Lenders exceed $10,000,000. The failure of any Lender to perform its obligations hereunder or under any other Loan Instrument shall not affect the obligations of Borrowers under this Loan Agreement or any other Loan Instrument nor shall any other Lender or Agent be liable for the failure of such Lender to perform its obligations hereunder or under such other Loan Instrument."

Obligation of Lenders. Subject to the conditions set forth in Section 2.3, each Lender severally agrees to make Additional Loans to Borrowers and to issue L/C Guaranties on behalf of Borrowers from time to time on or after the Closing Date to the Maturity Date, in the case of Additional Loans, and to the L/C Expiration Date, in the case of L/C Guaranties (i) except Additional Loans shall be made pursuant to subsection 2.4.3 after the Maturity Date (by acceleration) to pay L/C Guaranty Obligations incurred pursuant to L/C Guaranties issued prior to the L/C Expiration Date and (ii) provided at no time shall the aggregate amount of such Lender's Loans and L/C Guaranty Obligations exceed such Lender's Commitment and the L/C Guaranty Obligations of all Lenders exceed $10,000,00020,000,000. The failure of any Lender to perform its obligations hereunder or under any other Loan Instrument shall not affect the obligations of Borrowers under this Loan Agreement or any other Loan Instrument nor shall any other Lender or Agent be liable for the failure of such Lender to perform its obligations hereunder or under such other Loan Instrument."

Obligation of Lenders. Subject to the conditions set forth in Section 2.3, each Lender severally agrees to make Additional Loans to Borrowers and to issue L/C Guaranties on in behalf of Borrowers from time to time on or after the Closing Date to the Maturity Date, in the case of Additional Loans, and to the L/C Expiration Date, in the case of L/C Guaranties (i) except Additional Loans shall be made pursuant to subsection 2.4.3 after the Maturity Date (by acceleration) to pay L/C Guaranty Obligations incurred pursuant to L/C Guaranties issued prior to the L/C Expiration Date and (ii) provided at no time shall the aggregate amount of (A) such Lender's Loans and L/C Guaranty Obligations Guaranties exceed such Lender's Commitment and the L/C Guaranty Obligations of all Lenders exceed $10,000,0005,000,000. The failure of any Lender to perform its obligations hereunder or under any other Loan Instrument shall not affect the obligations of Borrowers under this Loan Agreement or any other Loan Instrument nor shall any other Lender or Agent be liable for the failure of such Lender to perform its obligations hereunder or under such other Loan Instrument."