Common use of Limitation on Participant Rights Clause in Contracts

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right to a greater payment results from a Change in Law after the Participant became a Participant.

Appears in 7 contracts

Samples: Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co)

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Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant became a Participantacquired the applicable participation.

Appears in 3 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.), Term Loan Credit Agreement (Vectren Corp)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 Sections 2.12, 2.13 and 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except unless the sale of the participation to the extent that the Participantsuch Participant is made with Borrower’s right to a greater payment results from a Change in Law after the Participant became a Participantprior written consent.

Appears in 2 contracts

Samples: Credit Agreement (Hercules Offshore, Inc.), Credit Agreement (Hercules Offshore, Inc.)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant became acquired the applicable participation. A Participant that would be a ParticipantForeign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless such Participant complies with Section 3.01(e) as though it were a Lender.

Appears in 2 contracts

Samples: Credit Agreement (Flir Systems Inc), Credit Agreement (Flir Systems Inc)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 3.6, 3.9, 3.11 or 3.04 3.12 than the applicable Lender Bank would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant became a Participantacquired the applicable participation.

Appears in 2 contracts

Samples: Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right to a greater payment results from a Change in Law after the Participant became a Participant.

Appears in 1 contract

Samples: Credit Agreement (NameMedia, Inc.)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except . A Participant shall not be entitled to the extent that benefits of Section 3.01 unless such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(f) as though it were a Lender and such Participant delivers the forms required by Section 3.01(f) to such Participant’s right to a greater payment results from a Change in Law after the Participant became a Participantparticipating Lender.

Appears in 1 contract

Samples: Credit Agreement (Coherent Inc)

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Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 3.01, 3.04 or 3.04 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except unless the sale of the participation to such Participant is made with the extent that the ParticipantBorrower’s right to a greater payment results from a Change in Law after the Participant became a Participantprior written consent.

Appears in 1 contract

Samples: Credit Agreement (American Woodmark Corp)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to the extent that the Participant’s right such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant became a Participant.acquired the applicable participation. (f)

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 3.01, 3.04 or 3.04 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except unless the sale of the participation to such Participant is made with the extent that the Participant’s right to a greater payment results from a Change in Law after the Participant became a ParticipantBorrower's prior written consent.

Appears in 1 contract

Samples: Credit Agreement (American Woodmark Corp)

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