Common use of Participant Rights Clause in Contracts

Participant Rights. The selling Lender may obtain for each of its Participants the benefits of the Loan Documents related to participations in its share of the Obligation, but Borrower is never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents except certain permitted voting Rights described below.

Appears in 3 contracts

Samples: Loan Agreement (Matrix Bancorp Inc), Credit Agreement (Rac Financial Group Inc), Loan Agreement (Matrix Capital Corp /Co/)

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Participant Rights. The selling Lender may obtain for each of its Participants the benefits of the Loan Documents Papers related to participations in its share of the Obligation, but Borrower Associates is never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents Papers calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents Papers except certain permitted voting Rights described below.. (c)

Appears in 1 contract

Samples: Loan and Security Agreement (Ryland Group Inc)

Participant Rights. The selling Lender may obtain for each of its ------------------ Participants the benefits of the Loan Documents related to participations in its share of the Obligation, but Borrower is never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents except certain permitted voting Rights described below.

Appears in 1 contract

Samples: Credit Agreement (Matrix Capital Corp /Co/)

Participant Rights. The selling Lender may obtain for each of its ------------------ Participants the benefits of the Loan Documents related to participations in its share of the Obligation, but Borrower is are never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents except certain permitted voting Rights described below.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Commercial Funding Corp /Ny/)

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Participant Rights. The selling Lender may obtain for each of its Participants the benefits of the Loan Documents related to participations in its share of the Obligation, but Borrower Associates is never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents except certain permitted voting Rights described below.

Appears in 1 contract

Samples: Loan and Security Agreement (Ryland Group Inc)

Participant Rights. The selling Lender may obtain for each of ------------------ its Participants the benefits of the Loan Documents related to participations in its share of the Obligation, but Borrower is never obligated to pay any greater amount that would be due to the selling Lender under the Loan Documents calculated as though no participation had been made. Otherwise, Participants have no Rights under the Loan Documents except certain permitted voting Rights described below.

Appears in 1 contract

Samples: Credit Agreement (Matrix Bancorp Capital Trust I)

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