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 Sections 4.6, 4.9, 4.10 or 4.11 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Airgas’ prior written consent. A Participant that is not a U.S. Person shall not be entitled to the benefits of Section 4.10 unless Airgas is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 4.10(b) as though it were a Lender.

Appears in 3 contracts

Samples: Credit Agreement (Airgas Inc), Credit Agreement (Airgas Inc), Credit Agreement (Airgas Inc)

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Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 4.6, 4.9, Section 4.10 or 4.11 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Airgas' prior written consent. A Participant that is not incorporated under the laws of the United States or a U.S. Person state thereof shall not be entitled to the benefits of Section 4.10 unless Airgas is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 4.10(b4.11(b) as though it were a Lender.

Appears in 2 contracts

Samples: Credit Agreement (Airgas Northern California & Nevada Inc), Credit Agreement (Airgas Carbonic Inc)

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Limitation on Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 4.6, 4.9, Section 4.10 or 4.11 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Airgas’ prior written consent. A Participant that is not incorporated under the laws of the United States or a U.S. Person state thereof shall not be entitled to the benefits of Section 4.10 unless Airgas is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 4.10(b4.11(b) as though it were a Lender.

Appears in 1 contract

Samples: Credit Agreement (Airgas Inc)

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