Common use of Several Obligations Clause in Contracts

Several Obligations. The failure of any Bank to make any Loan to be made by it on the date specified therefor shall not relieve the other Banks of their respective obligations to make their Loans on such date, but no Bank shall be responsible for the failure of the other Banks to make Loans to be made by such other Banks.

Appears in 19 contracts

Samples: Loan Agreement (Health Care Reit Inc /De/), Credit Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (J&j Snack Foods Corp)

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Several Obligations. The failure of any Bank to make any Loan to be made by it on the date specified therefor shall not relieve the any other Banks Bank of their respective obligations its obligation to make their Loans its Loan on such date, but and no Bank shall be responsible for the failure of the any other Banks Bank to make Loans a Loan to be made by such other BanksBank.

Appears in 12 contracts

Samples: Day Credit Agreement (American Honda Finance Corp), Day Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Several Obligations. The failure of any Bank to make any Loan to be made by it on the date specified therefor shall not relieve the any other Banks Bank of their respective obligations its obligation to make their Loans its Loan on such date, but no neither any Bank nor the Agent shall be responsible for the failure of the any other Banks Bank to make Loans a Loan to be made by such other BanksBank.

Appears in 9 contracts

Samples: Credit Agreement (Tortoise Midstream Energy Fund, Inc.), Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise Energy Infrastructure Corp)

Several Obligations. The failure of any Bank to make any Loan to be made by it on the date specified therefor shall not relieve the any other Banks Bank of their respective obligations its obligation to make their Loans its Loan on such date, but no and neither any Bank nor the Administrative Agent shall be responsible for the failure of the any other Banks Bank to make Loans a Loan to be made by such other BanksBank.

Appears in 6 contracts

Samples: Credit Agreement (CERNER Corp), Credit Agreement (Cerner Corp /Mo/), Credit Agreement (Cerner Corp /Mo/)

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Several Obligations. The failure of any Bank to make any Loan to be made by it on the date specified therefor shall not relieve the any other Banks Bank of their respective obligations its obligation to make their Loans its Loan on such date, but no neither the Agent nor any Bank shall be responsible for the failure of the any other Banks Bank to make Loans a Loan to be made by such other BanksBank.

Appears in 5 contracts

Samples: Credit Agreement (Monterey Acquisition Corp), Credit Agreement (Santa Fe Energy Resources Inc), Credit Agreement (Santa Fe Snyder Corp)

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