Common use of Limitations on Rights of Participants Clause in Contracts

Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 or 2.12 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with Xxxxxxxx’s prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall not be entitled to the benefits of Section 2.11 unless the Participant agrees, for the benefit of Xxxxxxxx, to comply with Section 2.11(e) as though it were a Lender (it being understood that the documentation required under Section 2.11(e) shall be delivered to the participating Lender).

Appears in 2 contracts

Samples: Credit Agreement (Global Clean Energy Holdings, Inc.), Credit Agreement (Global Clean Energy Holdings, Inc.)

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Limitations on Rights of Participants. A Participant shall not be ------------------------------------- entitled to receive any greater payment under Sections 2.11 Section 2.13 or 2.12 2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with Xxxxxxxx’s the Borrowers' prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 2.11 2.15 unless the Borrowers are notified of the participation sold to such Participant and such Participant agrees, for the benefit of Xxxxxxxxthe Borrowers, to comply with Section 2.11(e2.15(e) as though it were a Lender (it being understood that the documentation required under Section 2.11(e) shall be delivered to the participating Lender).

Appears in 2 contracts

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

Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 or 2.12 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with XxxxxxxxBorrower’s prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall not be entitled to the benefits of Section 2.11 unless the Participant agrees, for the benefit of XxxxxxxxBorrower, to comply with Section 2.11(e) as though it were a Lender (it being understood that the documentation required under Section 2.11(e) shall be delivered to the participating Lender).

Appears in 2 contracts

Samples: Credit Agreement (Global Clean Energy Holdings, Inc.), Credit Agreement (Global Clean Energy Holdings, Inc.)

Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 Section 2.08 or 2.12 Section 2.09 than the applicable Lender would could have been entitled to receive with respect to the participation sold to such Participant, unless (i) except to the sale of the participation to such Participant is made with Xxxxxxxx’s prior written consent, or (ii) extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participationparticipation or unless the sale of the participation to such Participant is made with Xxxxxxxx’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.11 2.09 unless the Participant agrees, for the benefit of Xxxxxxxx, to comply with Section 2.11(e2.09(e) and Section 2.09(g) as though it were a Lender (it being understood that the documentation required under Section 2.11(e2.09(e) and Section 2.09(g) shall be delivered to the participating Lender).

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

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Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 or 2.12 than underSections 2.11or2.12than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with XxxxxxxxBorrower’s prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall not be entitled to the benefits of Section 2.11 unless ofSection 2.11unless the Participant agrees, for the benefit of Xxxxxxxx, to comply with Section 2.11(e) as withSection 2.11(e)(i)as though it were a Lender (it being understood that the documentation required under Section 2.11(eunderSection 2.11(e)(i) shall be delivered to the participating Lender).

Appears in 1 contract

Samples: Credit Agreement (Global Clean Energy Holdings, Inc.)

Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 or 2.12 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with XxxxxxxxBorrower’s prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall not be entitled to the benefits of Section 2.11 unless the Participant agrees, for the benefit of XxxxxxxxBorrower, to comply with Section 2.11(e) as though it were a Lender (it being understood that the documentation required under Section 2.11(e) shall be delivered to the participating Lender).. 138 Bakersfield Refinery – Senior Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Global Clean Energy Holdings, Inc.)

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