Common use of Bank Participations Clause in Contracts

Bank Participations. Each Bank may sell participations (without the consent of the Administrative Agent, the Company or any other Bank) to one or more parties in or to all or a portion of its rights and obligations under this Agreement, the Notes and the other Loan Documents. Notwithstanding a Bank's sale of a participation interest, its obligations hereunder shall remain unchanged. The Company, the Agent, and the other Banks shall continue to deal solely and directly with such Bank. No participant shall have rights to approve any amendment or waiver of this Agreement except to the extent such amendment or waiver would (i) increase the commitment of the Bank from whom the participant purchased its participation interest, (ii) reduce the principal of, or rate or amount of interest on the Loans subject to such participation, (iii) postpone any date fixed for any payment of principal of, or interest on, the Loans subject to the participation interest, and (iv) release all or a substantial portion of the Collateral, other than, in each case, when otherwise permitted hereunder.

Bank Participations. Each Bank may sell participations (without ------------------- the consent of the Administrative Agent, the Company or any other Bank) to one or more parties in or to all or a portion of its rights and obligations under this Agreement, the Notes and the other Loan Documents. Notwithstanding a Bank's sale of a participation interest, its obligations hereunder shall remain unchanged. The Company, the Agent, and the other Banks shall continue to deal solely and directly with such Bank. No participant shall have rights to approve any amendment or waiver of this Agreement except to the extent such amendment or waiver would (i) increase the commitment of the Bank from whom the participant purchased its participation interest, (ii) reduce the principal of, or rate or amount of interest on the Loans subject to such participation, (iii) postpone any date fixed for any payment of principal of, or interest on, the Loans subject to the participation interest, and (iv) release all or a substantial portion of the Collateral, other than, in each case, when otherwise permitted hereunder.