Common use of Limitation upon Participant Rights Clause in Contracts

Limitation upon Participant Rights. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 3.1 unless the Borrowers are notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 3.6 as though it were a Lender.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Visa Inc.), Five Year Revolving Credit Agreement (Visa Inc.), Five Year Revolving Credit Agreement (Visa Inc.)

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Limitation upon Participant Rights. A Participant that would be a Non-U.S. Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.1 3.01 unless the Borrowers are Company is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 3.6 3.01(e) as though it were a Lender.

Appears in 4 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

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