Common use of Initial Member as Lead Lender in Loan Participations Clause in Contracts

Initial Member as Lead Lender in Loan Participations. The Company hereby agrees to assume the role of lead lender for any Loan Participations in which a portion of a Loan was participated to one or more Persons and in which the Initial Member or any of its predecessors-in-interest was the lead lender as of the Closing Date. The Company hereby agrees to accept any such Loan Participations subject to all participants’ right, title and interest in such Loan Participations.

Initial Member as Lead Lender in Loan Participations. The Initial Member hereby assigns and the Company hereby agrees to assume assumes the role of lead lender for any Loan Participations in which a portion of a Loan was participated to one or more Persons and in which the Initial Member or any of its predecessors-in-interest was the lead lender as of the Closing Date. The Company hereby agrees to accept any such Loan Participations subject to all participants’ right, title and interest in such Loan Participations.