Common use of Consent to Loan Participation Clause in Contracts

Consent to Loan Participation. Borrowers agree and consent to Bank's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrowers arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to Bank. Bank may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Bank may have about Borrowers or about any other matter relating to such Indebtedness, and Borrowers hereby waive any rights to privacy it may have with respect to such matters. Borrowers additionally waive any and all notices of sale of participation interests, as well as all notices of any repurchase of such participation interests. Borrowers also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Compressco Inc), Loan Agreement (Compressco Inc)

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Consent to Loan Participation. Borrowers agree Borrower agrees and consent consents to Bank's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrowers Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to Bank. Bank may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Bank may have about Borrowers Borrower or about any other matter relating to such Indebtedness, and Borrowers Borrower hereby waive waives any rights to privacy it may have with respect to such matters. Borrowers Borrower additionally waive waives any and all notices of sale of participation interests, as well as all notices of any repurchase of such participation interests. Borrowers Borrower also agree agrees that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement (Emerging Alpha Corp), Loan Agreement (Omni Energy Services Corp)

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Consent to Loan Participation. Borrowers agree Debtor agrees and consent consents to Bank's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrowers Debtor arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to Bank. Bank may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Bank may have about Borrowers Debtor or about any other matter relating to such Indebtedness, and Borrowers Debtor hereby waive waives any rights to privacy it may have with respect to such matters. Borrowers Debtor additionally waive waives any and all notices of sale of participation interests, as well as all notices of any repurchase of such participation interests. Borrowers Debtor also agree agrees that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness.

Appears in 1 contract

Samples: Fair Grounds Corp

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