Common use of Consent to Loan Participation Clause in Contracts

Consent to Loan Participation. The Borrower and the Guarantor agree and consent to any Lender's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to the Lender. Such Lender may provide, subject to the confidentiality requirements of Section 16.15, to any one or more purchasers, or potential purchasers, any information or knowledge such Lender may have about the Borrower, the Guarantor or about any other matter relating to such Indebtedness; provided that such purchaser or potential purchaser also agrees to keep such information confidential. The Borrower and the Guarantor also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness. In addition, any sale of a participation interest in the Indebtedness prior to the occurrence of an Event of Default will require the Borrower's consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Credit Agreement (LHC Group, Inc), Credit Agreement (LHC Group, Inc)

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Consent to Loan Participation. The Borrower and the Guarantor agree and consent to any Lender's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to the Lender. Such The Lender may provide, subject to the confidentiality requirements of Section 16.1515.14, to any one or more purchasers, or potential purchasers, any information or knowledge such Lender may have about the Borrower, the Guarantor or about any other matter relating to such Indebtedness; provided that such purchaser or potential purchaser also agrees to keep such information confidential. The Borrower and the Guarantor also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness. In addition, any sale of a participation interest in the Indebtedness prior to the occurrence of an Event of Default will require the Borrower's consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Credit Agreement (Carrizo Oil & Gas Inc), Credit Agreement (Carrizo Oil & Gas Inc)

Consent to Loan Participation. The Borrower and the Guarantor agree and consent to any Lender's ’s sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to the Lender. Such Lender may provide, subject to the confidentiality requirements of Section 16.15, to any one or more purchasers, or potential purchasers, any information or knowledge such Lender may have about the Borrower, the Guarantor or about any other matter relating to such Indebtedness; provided that such purchaser or potential purchaser also agrees to keep such information confidential. The Borrower and the Guarantor also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness. In addition, any sale of a participation interest in the Indebtedness prior to the occurrence of an Event of Default will require the Borrower's ’s consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Credit Agreement (LHC Group, Inc)

Consent to Loan Participation. The Borrower and the Guarantor agree and consent to any Lender's sale or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to the Lender. Such Lender may provide, subject to the confidentiality requirements of Section 16.15, to any one or more purchasers, or potential purchasers, any information or knowledge such Lender may have about the Borrower, the Guarantor or about any other matter relating to such Indebtedness; provided that such purchaser or potential purchaser also agrees to keep such information confidential. The Borrower and the Guarantor also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness. In addition, any sale of a participation interest in the Indebtedness prior to the occurrence of an Event of Default will require the Borrower's consent, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Credit Agreement (Carrizo Oil & Gas Inc)

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Consent to Loan Participation. The Borrower and the Guarantor agree and Subject to Borrower’s prior written consent, which consent to any Lender's sale may not be unreasonably withheld or delayed, Lender may sell or transfer, whether now or later, of one or more participation interests in the Indebtedness of the Borrower arising pursuant to this Agreement to one or more purchasers, whether related or unrelated to the Lender. Such Lender may provide, subject to the prospective participant’s written agreement to comply with the confidentiality requirements of Section 16.1513.14, to any one or more purchasers, or potential purchasers, any information or knowledge such Lender may have about the Borrower, the Guarantor Borrower or about any other matter relating to such Indebtedness; provided that such purchaser or potential purchaser . Borrower also agrees to keep such information confidential. The Borrower and the Guarantor also agree that the purchasers of any such participation interest will be considered as the absolute owners of such interests in such Indebtedness. In addition, provided that Borrower may continue to deal with Lender with respect to all matters relating to this Agreement and may rely upon any sale of a participation interest consents or waivers given by Lender in relation to this Agreement and the Indebtedness prior to the occurrence of an Event of Default will require the Borrower's consent, which consent shall not be unreasonably withheldLoan Documents.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

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