Common use of Several Obligations Clause in Contracts

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 441 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (Office Properties Income Trust), Credit Agreement (United Homes Group, Inc.)

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Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender. Section 3.5.

Appears in 6 contracts

Samples: Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Equity Lifestyle Properties Inc), Credit Agreement (Equity Lifestyle Properties Inc)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. ​

Appears in 5 contracts

Samples: Term Loan Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (CubeSmart, L.P.), Credit Agreement (Sunstone Hotel Investors, Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan an Advance or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan an Advance or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan Advance or to perform any other obligation to be made or performed by such other Lender.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (CBL & Associates Properties Inc), Unsecured Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. Section 3.5

Appears in 4 contracts

Samples: Term Loan Agreement, Term Loan Agreement, Credit Agreement (Gables Residential Trust)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any fund its portion of the Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 3 contracts

Samples: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender. The liability of each Lender hereunder shall be several and not joint.

Appears in 3 contracts

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Alexanders Inc)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, nor shall Borrower be responsible for the failure of any Lender to perform any obligation to be made or performed by such Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender. The liability of each Lender hereunder shall be several and not joint.

Appears in 2 contracts

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Term Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Term Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any a Term Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 2 contracts

Samples: Term Loan Agreement (Heritage Property Investment Trust Inc), Credit Agreement (Sl Green Realty Corp)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a an advance of the Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a an advance of the Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any fund its portion of the Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 2 contracts

Samples: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a its portion of the Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a its portion of the Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any its portion of the Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 1 contract

Samples: Term Loan Agreement (Federal Realty Investment Trust)

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Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. ​ ​

Appears in 1 contract

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. NAI-1501018941v4

Appears in 1 contract

Samples: Credit Agreement (LGI Homes, Inc.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. Execution Version

Appears in 1 contract

Samples: Term Loan Agreement (Washington Real Estate Investment Trust)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan an Advance or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan an Advance or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan Advance or to perform any other obligation to be made or performed by such other Lender.. ws3C1.tmp

Appears in 1 contract

Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.. LEGAL02/38482536v6

Appears in 1 contract

Samples: Term Loan Agreement (Corporate Office Properties, L.P.)

Several Obligations. No Lender shall be responsible for the failure of any other Lender to make a the Term Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a the Term Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any the Term Loan or to perform any other obligation to be made or performed by such other Lender.

Appears in 1 contract

Samples: Term Loan Agreement (Wells Real Estate Investment Trust Ii Inc)

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