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 Section 2.16 or 2.18 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 the Borrower’s prior written consent (such consent not to be unreasonably withheld, it being understood that the Borrower may withhold its consent if such participation could be reasonably expected to result in any increase in the Borrower’s payment obligations under Section 2.16 or 2.18). No Participant shall be entitled to the benefits of Section 2.18 unless such Participant agrees, for the benefit of the Borrower, to comply with Section 2.18(e) as though it were a Lender.

Appears in 3 contracts

Samples: Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.)

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Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Section 2.16 2.17 or 2.18 2.19 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 the BorrowerCompany’s prior written consent (such consent not to be unreasonably withheld, it being understood that the Borrower Company may withhold its consent if such participation could be reasonably expected to result in any increase in the any Borrower’s payment obligations under Section 2.16 2.17 or 2.182.19). No Participant shall be entitled to the benefits of Section 2.18 2.19 unless such Participant agrees, for the benefit of the BorrowerBorrowers, to comply with Section 2.18(e2.19(e) as though it were a Lender.

Appears in 3 contracts

Samples: Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)

Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Section 2.16 2.17 or 2.18 2.19 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 the BorrowerCompany’s prior written consent (such consent not to be unreasonably withheld, it being understood that the Borrower Company may withhold its consent if such participation could be reasonably expected to result in any increase in the any Borrower’s payment obligations under Section 2.16 2.17 or 2.182.19). No Participant shall be entitled to the benefits of Section 2.18 2.19 unless such Participant agrees, for the benefit of the BorrowerBorrowers, to comply with Section 2.18(e2.19(e) as though it were a Lender.. 108

Appears in 1 contract

Samples: Credit Agreement (1 800 Flowers Com Inc)

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Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Section 2.16 or 2.18 than the applicable Lender would have been 105 entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent (such consent not to be unreasonably withheld, it being understood that the Borrower may withhold its consent if such participation could be reasonably expected to result in any increase in the Borrower’s payment obligations under Section 2.16 or 2.18). No Participant shall be entitled to the benefits of Section 2.18 unless such Participant agrees, for the benefit of the Borrower, to comply with Section 2.18(e) as though it were a Lender.

Appears in 1 contract

Samples: Credit Agreement (Cars.com Inc.)

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