Common use of Consent to Loan Assignment or Participation Clause in Contracts

Consent to Loan Assignment or Participation. Borrower agrees and consents to Lender's sale or transfer, whether now or later, of one or more interests in the Indebtedness to one or more purchasers, whether related or unrelated to Lender. Lender may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Lender may have about Borrower or about any other matter relating to the Indebtedness, and Borrower hereby waives any rights to privacy it may have with respect to such matters. Borrower additionally waives any and all notices of sale of interests, as well as all notices of any repurchase of such interests. Borrower also agrees that the purchasers of any such interests will be considered as the absolute owners of such interests in the Indebtedness and will have all the rights granted under the agreement or agreements governing the sale of such interests. Borrower agrees that either Lender or such purchaser may enforce Borrower's obligations with respect to the Indebtedness irrespective of the failure or insolvency of any holder of any interest therein. Borrower further agrees that the purchaser of any such interests may enforce its interests irrespective of any personal claims or defenses that Borrower may have against Lender.

Consent to Loan Assignment or Participation. Borrower Xxxxxxxx agrees and consents to LenderDIP Xxxxxx's sale or transfer, whether now or later, of one or more interests (including, but not limited to participation interests) in the Indebtedness to one or more purchasers, whether related or unrelated to DIP Lender. DIP Lender may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge DIP Lender may have about Borrower or about any other matter relating to the Indebtedness, and Borrower hereby waives any rights to privacy it may have with respect to such matters. Borrower Xxxxxxxx additionally waives any and all notices of sale of interests, as well as all notices of any repurchase of such interests. Borrower Xxxxxxxx also agrees that the purchasers of any such interests will be considered as the absolute owners of such interests in the Indebtedness and will have all the rights granted under the agreement or agreements governing the sale of such interests. Borrower Xxxxxxxx agrees that either DIP Lender or such purchaser may enforce BorrowerXxxxxxxx's obligations with respect to the Indebtedness irrespective of the failure or insolvency of any holder of any interest therein. Borrower Xxxxxxxx further agrees that the purchaser of any such interests may enforce its interests irrespective of any personal claims or defenses that Borrower may have against DIP Lender.