BENEFITS OF PARTICIPANT. The provisions of Section 13 of this Agreement shall inure to the benefit of each purchaser of a participation or subparticipation (provided that each such participant shall look solely to the seller of its participation for those benefits and the Borrower's liabilities, if any, under any of those sections shall not be increased as a result of the sale of any such participation) and Agent shall continue to distribute payments pursuant to this Agreement as if no participation has been sold.
Appears in 3 contracts
Samples: Credit and Security Agreement (Diy Home Warehouse Inc), Asset Based Loan and Security Agreement (Mazel Stores Inc), Credit and Security Agreement (Curtis Sub Inc)
BENEFITS OF PARTICIPANT. The provisions of Section 13 0 of this Agreement 67 76 shall inure to the benefit of each purchaser of a participation or subparticipation (provided that each such participant shall look solely to the seller of its participation for those benefits and the Borrower's liabilities, if any, under any of those sections shall not be increased as a result of the sale of any such participation) and Agent shall continue to distribute payments pursuant to this Agreement as if no participation has been sold.
Appears in 2 contracts
Samples: Credit Agreement (Om Group Inc), Credit Agreement (Om Group Inc)
BENEFITS OF PARTICIPANT. The provisions of Section 13 12 of this Agreement shall inure to the benefit of each purchaser of a participation or subparticipation (provided that each such participant shall look solely to the seller of its participation for those benefits and the Borrower's Borrowers' liabilities, if any, under any of those sections Sections shall not be increased as a result of the sale of any such participation) and the Administrative Agent shall continue to distribute payments pursuant to this Agreement as if no participation has been sold.
Appears in 1 contract
Samples: Multicurrency Credit and Security Agreement (Erico Products Inc)
BENEFITS OF PARTICIPANT. The provisions of Section 13 of this Agreement shall inure to the benefit of each purchaser of a participation or subparticipation (provided that (i) each such participant shall look solely to the seller of its participation for those benefits benefits, (ii) no such seller (whether or not a Bank) shall have a claim against the Borrowers of any kind whatsoever resulting from such benefits, and (iii) the Borrower's Borrowers' liabilities, if any, under any of those sections shall not be increased as a result of the sale of any such participation) and Administrative Agent shall continue to distribute payments pursuant to this Agreement as if no participation has been sold.
Appears in 1 contract
Samples: Credit and Security Agreement (Instron Lawrence Corp)
