Common use of ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE COMPANY Clause in Contracts

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE COMPANY. If any --------------------------------------------------- assignee Bank is an Affiliate of the Company, then any such assignee Bank shall have no right to vote as a Bank hereunder for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to this Agreement, and the determination of the Majority Banks shall for all purposes of this Agreement be made without regard to such assignee Bank's interest in any of the Loans. If any Bank sells a participating interest in any of the Loans to a Participant, and such Participant is the Company or an Affiliate of the Company, then such transferor Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Bank shall have no right to vote as a Bank hereunder for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to this Agreement to the extent that such participation is beneficially owned by the Company or any Affiliate of the Company, and the determination of the Majority Banks shall for all purposes of this Agreement be made without regard to the interest of such transferor Bank in the Loans to the extent of such participation.

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE COMPANY. If any --------------------------------------------------- assignee Bank is an Affiliate of the Company, then any such assignee Bank shall have no right to vote as a Bank hereunder for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to this Agreement, and the determination of the Majority Banks shall for all purposes of this Agreement be made without regard to such assignee Bank's interest in any of the Loans. If any Bank sells a participating interest in any of the Loans to a Participant, and such Participant is the Company or an Affiliate of the Company, then such transferor Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Bank shall have no right to vote as a Bank hereunder for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to this Agreement to the extent that such participation is beneficially owned by the Company or any Affiliate of the Company, and the determination of the Majority Banks shall for all purposes of this Agreement be made without regard to the interest of such transferor Bank in the Loans to the extent of such participation.

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE COMPANY. If any --------------------------------------------------- assignee Bank is an Affiliate of the Company, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to this Agreementany of the Loan Documents or for purposes of making requests to the Agent pursuant to Section 8.2, and the determination of the Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Bank's interest in any of the Loans. If any Bank sells a participating interest in any of the Loans or reimbursement obligations with respect to Letters of Credit to a Participantparticipant, and such Participant participant is the Company or an Affiliate of the Company, then such transferor Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to this Agreement any of the Loan Documents or for purposes of making requests to the Agent pursuant to Section 8.2 to the extent that such participation is beneficially owned by the Company or any Affiliate of the Company, and the determination of the Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Bank in the Loans to the extent of such participation.