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 Borrower’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 Borrower, 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).
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Samples: Credit Agreement (Global Clean Energy Holdings, Inc.), 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 2.13 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 Borrower’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 Borrowerthe 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 BorrowerXxxxxxxx’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 BorrowerXxxxxxxx, 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 Borrower’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 BorrowerXxxxxxxx, 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.)
Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Sections 2.11 or 2.12 2.08, 2.09 and 2.10 hereof 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 the applicable Borrower’s '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 that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.11 2.10 unless the applicable Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of such Borrower, to comply with Section 2.11(esubsection 2.10(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).
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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 Section 2.10 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 the Borrower’s '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 that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.11 2.10 unless the Borrower is notified of the participation sold to such Participant and Loan Agreement 57 -55- such Participant agrees, for the benefit of the Borrower, to comply with Section 2.11(e2.10(e) and 2.12(b) 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).
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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 Borrower’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 BorrowerXxxxxxxx, 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.)