{"component": "clause", "props": {"groups": [{"snippet": "The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.", "samples": [{"hash": "fkEbtgCdKnP", "uri": "/contracts/fkEbtgCdKnP#participants", "label": "Credit and Security Agreement (Hc2 Holdings, Inc.)", "score": 29.9226551056, "published": true}, {"hash": "5gJ2B24vYG5", "uri": "/contracts/5gJ2B24vYG5#participants", "label": "Credit and Security Agreement (Smartheat Inc.)", "score": 23.5817928314, "published": true}, {"hash": "3gvqcHm91vj", "uri": "/contracts/3gvqcHm91vj#participants", "label": "Credit and Security Agreement (2nd Swing Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [0, 10]}, {"key": "not-partners-or-joint-venturers", "type": "clause", "offset": [45, 76]}, {"key": "responsibility-for", "type": "clause", "offset": [125, 143]}, {"key": "act-or-omission", "type": "definition", "offset": [160, 175]}, {"key": "rights-and-powers", "type": "clause", "offset": [208, 225]}, {"key": "lender-may", "type": "definition", "offset": [258, 268]}, {"key": "successors-or-assigns", "type": "clause", "offset": [334, 355]}], "size": 139, "hash": "6576a9613cc967f662f8e5423b5dbceb", "id": 1}, {"snippet": "Each Lender shall have the right at its own cost to grant participations (to be evidenced by one or more agreements or certificates of participation) in the Loans made and Reimbursement Obligations and/or Commitments held by such Lender at any time and from time to time to one or more other Persons; provided that no such participation shall relieve any Lender of any of its obligations under this Agreement, and, provided, further that no such participant shall have any rights under this Agreement except as provided in this Section 12.11, and the Administrative Agent shall have no obligation or responsibility to such participant. Any agreement pursuant to which such participation is granted shall provide that the granting Lender shall retain the sole right and responsibility to enforce the obligations of the Borrower under this Agreement and the other Loan Documents including, without limitation, the right to approve any amendment, modification or waiver of any provision of the Loan Documents, except that such agreement may provide that such Lender will not agree to any modification, amendment or waiver of the Loan Documents that would reduce the amount of or postpone any fixed date for payment of any Obligation in which such participant has an interest. Any party to which such a participation has been granted shall have the benefits of Section 1.11 and Section 10.3", "samples": [{"hash": "kqXGmItbv5V", "uri": "/contracts/kqXGmItbv5V#participants", "label": "Credit Agreement (Necessity Retail REIT, Inc.)", "score": 34.3524971008, "published": true}, {"hash": "jOJ3asSAFHT", "uri": "/contracts/jOJ3asSAFHT#participants", "label": "Credit Agreement (Umh Properties, Inc.)", "score": 33.8514709473, "published": true}, {"hash": "bEAvbH9pZGB", "uri": "/contracts/bEAvbH9pZGB#participants", "label": "Credit Agreement (American Finance Trust, Inc)", "score": 32.7563323975, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "the-right", "type": "clause", "offset": [23, 32]}, {"key": "own-cost", "type": "clause", "offset": [40, 48]}, {"key": "certificates-of-participation", "type": "definition", "offset": [119, 148]}, {"key": "the-loans", "type": "clause", "offset": [153, 162]}, {"key": "reimbursement-obligations", "type": "definition", "offset": [172, 197]}, {"key": "at-any-time", "type": "clause", "offset": [237, 248]}, {"key": "from-time-to-time", "type": "clause", "offset": [253, 270]}, {"key": "other-persons", "type": "clause", "offset": [286, 299]}, {"key": "provided-that", "type": "definition", "offset": [301, 314]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [376, 408]}, {"key": "participant-shall", "type": "clause", "offset": [446, 463]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [473, 500]}, {"key": "except-as-provided-in", "type": "clause", "offset": [501, 522]}, {"key": "agent-shall", "type": "definition", "offset": [566, 577]}, {"key": "no-obligation", "type": "clause", "offset": [583, 596]}, {"key": "pursuant-to", "type": "definition", "offset": [650, 661]}, {"key": "granting-lender", "type": "clause", "offset": [721, 736]}, {"key": "right-and-responsibility", "type": "clause", "offset": [759, 783]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [799, 826]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [838, 876]}, {"key": "without-limitation", "type": "clause", "offset": [888, 906]}, {"key": "right-to-approve", "type": "clause", "offset": [912, 928]}, {"key": "any-amendment", "type": "definition", "offset": [929, 942]}, {"key": "modification-or-waiver", "type": "clause", "offset": [944, 966]}, {"key": "the-loan-documents", "type": "clause", "offset": [987, 1005]}, {"key": "agree-to", "type": "clause", "offset": [1072, 1080]}, {"key": "waiver-of-the", "type": "clause", "offset": [1112, 1125]}, {"key": "payment-of", "type": "definition", "offset": [1204, 1214]}, {"key": "has-an-interest", "type": "definition", "offset": [1256, 1271]}, {"key": "benefits-of", "type": "clause", "offset": [1345, 1356]}, {"key": "section-103", "type": "clause", "offset": [1374, 1386]}], "size": 100, "hash": "776a952d1ab2705632a084b68f1bbf2b", "id": 2}, {"snippet": "(a) Any Lender may, in the ordinary course of its commercial banking business and in accordance with applicable law, at any time sell to one or more Lenders or other financial institutions (\u201cParticipants\u201d) participating interests in any Revolving Credit Loan owing to such Lender, any Note held by such Lender, any interest (including any Reimbursement Obligation) in any Facility L/C with respect to such Lender, any Commitment of such Lender, or any other interest of such Lender hereunder; provided, however, that upon the sale of any participating interest the selling Lender shall provide promptly to Borrower and Agent notice of such sale; and provided further, however, that (except as otherwise provided in subsection (c) below) no Participant\u2019s consent shall be required to approve any amendments, waivers or other modifications of this Agreement or of any document contemplated by this Agreement, and no participation agreement shall provide any Participant with such rights. In the event of any such sale by a Lender of participating interests to a Participant, such Lender\u2019s obligations under this Agreement to the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, and such Lender shall remain the holder of any such Note for all purposes under this Agreement, and, except as provided in the immediately following sentence, Borrower, the other Lenders, and Agent shall continue to deal solely and directly with such Lender in connection with such Lender\u2019s rights and obligations under this Agreement. However, any Participant that is an affiliate of any Lender shall have the right to deal directly with any other Lender and Borrower with respect to any matter that is the subject of this Agreement, and Lenders and Borrower agree to deal directly with such affiliate Participant(s); provided, however, that each Lender needs to deal only with other Lenders (and not such other Lenders\u2019 affiliate Participant(s)), in those matters in which the consent of any one or more Lenders is required. The rights set forth in the immediately preceding sentence shall apply only to Participants that are affiliates of any Lender, and such rights do not apply to any Participants that are not affiliates of any Lender. Borrower agrees that if amounts outstanding under this Agreement or the Notes are due and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of a Default or an Event of Default, each Participant shall be deemed to have the right of set-off provided to Lenders in this Agreement in respect of its participating interest in amounts owing under this Agreement or any Note or Reimbursement Obligation to the same extent as if the amount of its participating interests were owing directly to it as a Lender under this Agreement, any Note or any Facility L/C or participation in any Facility L/C.\n(b) Borrower authorizes each Lender and Agent to disclose to any Participant and any prospective Participant any and all financial information in such Lender\u2019s or Agent\u2019s possession concerning Borrower and any of Borrower\u2019s Subsidiaries which has been delivered to such Lender or Agent by Borrower or Borrower\u2019s Subsidiaries pursuant to this Agreement or which has been delivered to such Lender or Agent by Borrower or Borrower\u2019s Subsidiaries in connection with such Lender\u2019s or Agent\u2019s credit evaluation of Borrower and Borrower\u2019s Subsidiaries prior to entering into this Agreement. Any Participant or prospective Participant shall be subject to the confidentiality provisions of this Agreement.\n(c) Each Lender shall with respect to its Participants, if any, retain the sole right to approve, without the consent of any Participant, any amendment, modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver with respect to any Loan or Commitment in which such Participant has an interest which forgives principal, interest or fees (other than Agent\u2019s fees) or reduces the interest rate or fees (other than Agent\u2019s fees) payable with respect to any such Loan or Commitment, postpones any date fixed for any regularly scheduled payment of principal of, or interest or fees (other than Agent\u2019s fees) on, any such Loan or Commitment or releases any Guarantor.\n(d) Borrower agrees that each Participant shall be deemed to have the rights of set-off provided in subsection 11.8 hereof in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of set-off provided in subsection 11.8 hereof with respect to the amount of participating interests sold to each Participant. Lenders agree to share with each Participant, and each Participant, by exercising the right of set-off provided in subsection 11.8 hereof, agrees to share with each Lender, any amount received pursuant to the exercise of its right of set-off, such amounts to be shared in accordance with subsection 11.8 hereof as if each Participant were a Lender.\n(e) Except for the sale of participating interests as described in this subsection 11.4 and the assignments as described in subsection 11.7 hereof, no Lender may sell or assign its rights and interests under this Agreement without the written consent of each Lender and Borrower, provided that after the occurrence of a Default or an Event of Default that has not been waived by all Lenders, Borrower\u2019s consent to such sale or assignment shall not be required.", "samples": [{"hash": "9zkYIrC5rtk", "uri": "/contracts/9zkYIrC5rtk#participants", "label": "Credit Agreement (M I Homes Inc)", "score": 19.0, "published": true}, {"hash": 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"2002f888d68a012cd0d4c80e5d484c82", "id": 3}, {"snippet": "Each Bank shall have the right at its own cost to grant participations (to be evidenced by one or more agreements or certificates of participation) in the Loans made and Commitments held by such Bank at any time and from time to time to other financial institutions; provided that (a) no such participation shall relieve any Bank of any of its obligations under this Agreement (b) no such participant shall have any direct rights under this Agreement except as provided in this Section 11.16, and the Agent shall not have any obligation or responsibility to such participant. Any agreement pursuant to which such participation is granted, except with respect to a participation in which a participant is an Affiliate of a Bank, shall provide that the granting Bank shall retain the sole right and responsibility to enforce the obligations of the Company under this Agreement and the other Loan Documents including, without limitation, the right to approve any amendment, modification or waiver of any provision of the Loan Documents, except that such agreement may provide that such Bank will not agree to any modification, amendment or waiver of the Loan Documents that would reduce the amount of or postpone any fixed date for payment of any obligation in which such participant has an interest. Any party to which such a participation has been granted shall have the benefits of Section 9.3 and Section 9.4 hereof, up to an amount not exceeding the amount that would otherwise have been payable to the Bank who sold the participation interest to such party. Subject to the provisions of Section 11.19 hereof, the Company authorizes each Bank to disclose to any participant or prospective participant under this Section 11.16 any financial or other information pertaining to the Company. Notwithstanding the foregoing, in no event may a participation be granted to any entity which is not a financial institution without the express prior written consent of the Company.", "samples": [{"hash": "kQuJosVKUPf", "uri": "/contracts/kQuJosVKUPf#participants", "label": "Unsecured Credit Agreement (Empire District Electric Co)", "score": 21.0711841583, "published": true}, {"hash": "lz5nahflHoK", "uri": "/contracts/lz5nahflHoK#participants", "label": "Unsecured Credit Agreement (Empire District Electric Co)", "score": 21.0, "published": true}, {"hash": "aaXJqFUd1Cw", "uri": "/contracts/aaXJqFUd1Cw#participants", "label": "Unsecured Credit Agreement (Empire District Electric Co)", "score": 21.0, "published": true}], "snippet_links": [{"key": "each-bank", "type": "clause", "offset": [0, 9]}, {"key": "the-right", "type": "clause", "offset": [21, 30]}, {"key": "own-cost", "type": "clause", "offset": [38, 46]}, {"key": "certificates-of-participation", "type": "definition", "offset": 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Contractor may not deliver Products under this Master Agreement until a Participating Addendum acceptable to the Participating State and Contractor is executed. The NASPO ValuePoint Master Agreement Terms and Conditions are applicable to any Order by a Participating State (and other Purchasing Entities covered by their Participating Addendum), except to the extent altered, modified, supplemented or amended by a Participating Addendum. By way of illustration and not limitation, this authority may apply to unique delivery and invoicing requirements, confidentiality requirements, defaults on Orders, governing law and venue relating to Orders by a Participating State, indemnification, and insurance requirements. Statutory or constitutional requirements relating to availability of funds may require specific language in some Participating Addenda in order to comply with applicable law. The expectation is that these alterations, modifications, supplements, or amendments will be addressed in the Participating Addendum or, with the consent of the Purchasing Entity and Contractor, may be included in the ordering document (e.g. purchase order or contract) used by the Purchasing Entity to place the Order.\nb. Use of specific NASPO ValuePoint cooperative Master Agreements by state agencies, political subdivisions and other Participating Entities (including cooperatives) authorized by individual state\u2019s statutes to use state contracts are subject to the approval of the respective State Chief Procurement Official. Issues of interpretation and eligibility for participation are solely within the authority of the respective State Chief Procurement Official.\nc. Obligations under this Master Agreement are limited to those Participating Entities who have signed a Participating Addendum and Purchasing Entities within the scope of those Participating Addenda. Financial obligations of Participating States are limited to the orders placed by the departments or other state agencies and institutions having available funds. Participating States incur no financial obligations on behalf of political subdivisions. Contractor shall email a fully executed PDF copy of each Participating Addendum to PA@wsca- \u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587 to support documentation of participation and posting in appropriate data bases.\n\u2587. \u2587\u2587\u2587\u2587\u2587 Cooperative Purchasing Organization LLC, doing business as NASPO ValuePoint, is not a party to the Master Agreement. It is a nonprofit cooperative purchasing organization assisting states in administering the NASPO cooperative purchasing program for state government departments, institutions, agencies and political subdivisions (e.g., colleges, school districts, counties, cities, etc.) for all 50 states, the District of Columbia and the territories of the United States.\ne. State Participating Addenda or other Participating Addenda shall not be construed to amend the terms of this Master Agreement between the Lead State and Contractor.\nf. Participating Entities who are not states may under some circumstances sign their own Participating Addendum, subject to the approval of participation by the Chief Procurement Official of the state where the Participating State is located.", "samples": [{"hash": "exVUZG6afdl", "uri": "/contracts/exVUZG6afdl#participants", "label": "Software Value Added Reseller Services Master Price Agreement", "score": 26.1171550751, "published": true}, {"hash": "dTqzl7txU5N", "uri": "/contracts/dTqzl7txU5N#participants", "label": "Software Value Added Reseller Services Master Price Agreement", "score": 25.6299037933, "published": true}, {"hash": "58ibVpD9hFj", "uri": "/contracts/58ibVpD9hFj#participants", "label": "Software Value Added Reseller Services Master Price Agreement", "score": 25.6299037933, "published": true}], "snippet_links": [{"key": "participating-addendum", "type": "definition", "offset": [75, 97]}, {"key": "the-participating", "type": "clause", "offset": [112, 129]}, {"key": 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Agreement, and, provided, further that no such participant shall have any rights under this Agreement except as provided in this Section, and the Administrative Agent shall have no obligation or responsibility to such participant. Any agreement pursuant to which such participation is granted shall provide that the granting Lender shall retain the sole right and responsibility to enforce the obligations of the Borrower under this Agreement and the other Loan Documents including, without limitation, the right to approve any amendment, modification or waiver of any provision of the Loan Documents, except that such agreement may provide that such Lender will not agree to any modification, amendment or waiver of the Loan Documents that would reduce the amount of or postpone any fixed date for payment of any Obligation in which such participant has an interest. The Borrower authorizes each Lender to disclose to any participant or prospective participant under this Section any financial or other information pertaining to the Borrower or any Borrower Subsidiary.", "samples": [{"hash": "dkO3hdkr2oE", "uri": "/contracts/dkO3hdkr2oE#participants", "label": "Credit Agreement (FCStone Group, Inc.)", "score": 21.0, "published": true}, {"hash": "exX4wtu9tiV", "uri": "/contracts/exX4wtu9tiV#participants", "label": "Credit Agreement (International Assets Holding Corp)", "score": 19.4763851166, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "the-right", "type": "clause", "offset": [23, 32]}, {"key": "own-cost", "type": "clause", "offset": [40, 48]}, {"key": "certificates-of-participation", "type": "definition", "offset": [119, 148]}, {"key": "the-loans", "type": "clause", "offset": [153, 162]}, {"key": "at-any-time", "type": "clause", "offset": [207, 218]}, {"key": "from-time-to-time", "type": 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or from time to time, before the fixed termination date set forth in such Option, by such Participant or his or her Personal Representative for the number of shares that such Participant could have acquired on exercise of such Option immediately before such Participant\u2019s Disability.\n(c) Except as otherwise provided in the applicable Agreement or as determined by the Committee, if the employment of any Participant who holds an outstanding Option ceases by reason of Retirement, such Option shall be exercisable, at any time or from time to time, before the fixed termination date set forth in such Option, for the number of shares that such Participant could have acquired on exercise of such Option immediately before such Participant\u2019s Retirement.\n(d) Notwithstanding any provision of this Plan to the contrary, any Option may, in the discretion of the Committee or as provided in the applicable Agreement, become exercisable, at any time or from time to time, before the fixed termination date set forth in the Agreement relating to such Option, for the full number of shares subject to such Option or any thereof, less such number as shall theretofore have been acquired on exercise of such Option, from and after the time the Participant ceases to be an Employee as a result of the sale or other disposition by the Company or any Subsidiary of assets or property (including shares of any Subsidiary) in respect of which such Participant shall theretofore have been employed or as a result of which such Participant\u2019s continued employment is no longer required.\n(e) Except as otherwise provided in subsections (a), (b), (c) and (d) of this section 7(E)(1) and sections 9(D) and 13(I) hereof, if the employment of any Participant who holds an outstanding Option ceases, such Option shall be exercisable, at any time or from time to time, before the earlier of the fixed termination date set forth in the Agreement relating to such Option and the ninetieth day after the cessation of such Participant\u2019s employment, for the number of shares that such Participant could have acquired on exercise of such Option immediately before the cessation of such Participant\u2019s employment; provided that such Option shall terminate on and as of such earlier date.", "samples": [{"hash": "hov6T8Pf8gV", "uri": "/contracts/hov6T8Pf8gV#participants", "label": "Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)", "score": 28.1553726196, "published": true}, {"hash": "hT06iX2fjTD", "uri": "/contracts/hT06iX2fjTD#participants", "label": "Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)", "score": 28.1553726196, "published": true}, {"hash": "gpsu0JKumiZ", "uri": "/contracts/gpsu0JKumiZ#participants", "label": "Performance & Time Based Restricted Stock Unit Agreement (Simpson Manufacturing Co Inc /Ca/)", "score": 28.1553726196, "published": true}], "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [4, 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2286]}, {"key": "in-respect-of", "type": "definition", "offset": [2303, 2316]}, {"key": "participant-shall", "type": "clause", "offset": [2328, 2345]}, {"key": "continued-employment", "type": "definition", "offset": [2420, 2440]}, {"key": "cessation-of", "type": "clause", "offset": [2871, 2883]}, {"key": "provided-that", "type": "definition", "offset": [3076, 3089]}], "size": 13, "hash": "c21952f0165ebbd21170776a398fa783", "id": 8}, {"snippet": "Each Lender shall have the right at its own cost to grant participations (to be evidenced by one or more agreements or certificates of participation) in the Loans made and Reimbursement Obligations and/or Commitments held by such Lender at any time and from time to time to one or more other Persons (other than a natural person, the Borrower, any of the Subsidiaries or any Affiliate the Borrower or its Subsidiaries or, to the extent that the list of Disqualified Institutions is made available to all Lenders, any Disqualified Institution); provided that no such participation shall relieve any Lender of any of its obligations under this Agreement, and, provided, further that no such participant shall have any rights under this Agreement except as provided in this Section, and Administrative Agent shall have no obligation or responsibility to such participant. Any agreement pursuant to which such participation is granted shall provide that the granting Lender shall retain the sole right and responsibility to enforce the obligations of Borrower under this Agreement and the other Loan Documents including the right to approve any amendment, modification or waiver of any provision of the Loan Documents, except that such agreement may provide that such Lender will not agree to any modification, amendment or waiver of the Loan Documents that would reduce the amount of or postpone any fixed date for payment of any Obligation in which such participant has an interest. Any party to which such a participation has been granted shall have the benefits of Section 3.4 and Section 3.6.", "samples": [{"hash": "dudqyKDPSyp", "uri": "/contracts/dudqyKDPSyp#participants", "label": "Credit Agreement (Sterling Infrastructure, Inc.)", "score": 32.9876785278, "published": true}, {"hash": "9tzMQpEFqgF", "uri": "/contracts/9tzMQpEFqgF#participants", "label": "Credit Agreement (Sterling Infrastructure, Inc.)", "score": 32.598903656, "published": true}], "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "the-right", "type": "clause", "offset": [23, 32]}, {"key": "own-cost", "type": "clause", "offset": [40, 48]}, {"key": "certificates-of-participation", "type": "definition", "offset": [119, 148]}, {"key": "the-loans", "type": "clause", "offset": [153, 162]}, {"key": "reimbursement-obligations", "type": "definition", "offset": [172, 197]}, {"key": "at-any-time", "type": "clause", "offset": [237, 248]}, {"key": "from-time-to-time", "type": "clause", "offset": [253, 270]}, {"key": "other-persons", "type": "clause", "offset": [286, 299]}, {"key": "natural-person", "type": "clause", "offset": [314, 328]}, {"key": "the-borrower", "type": "definition", "offset": [330, 342]}, {"key": "the-subsidiaries", "type": "clause", "offset": [351, 367]}, {"key": "to-the-extent", "type": "clause", "offset": [422, 435]}, {"key": "disqualified-institutions", "type": "definition", "offset": [453, 478]}, {"key": "available-to", "type": "definition", "offset": [487, 499]}, {"key": "all-lenders", "type": "definition", "offset": [500, 511]}, {"key": "provided-that", "type": "definition", "offset": [544, 557]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [619, 651]}, {"key": "participant-shall", "type": "clause", "offset": [689, 706]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [716, 743]}, {"key": "except-as-provided-in", "type": "clause", "offset": [744, 765]}, {"key": "agent-shall", "type": "definition", "offset": [799, 810]}, {"key": "no-obligation", "type": "clause", "offset": [816, 829]}, {"key": "pursuant-to", "type": "definition", "offset": [883, 894]}, {"key": "granting-lender", "type": "clause", "offset": [954, 969]}, {"key": "right-and-responsibility", "type": "clause", "offset": [992, 1016]}, {"key": "obligations-of-borrower", "type": "clause", "offset": [1032, 1055]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [1067, 1105]}, {"key": "right-to-approve", "type": "clause", "offset": [1120, 1136]}, {"key": "any-amendment", "type": "definition", "offset": [1137, 1150]}, {"key": "modification-or-waiver", "type": "clause", "offset": [1152, 1174]}, {"key": "the-loan-documents", "type": "clause", "offset": [1195, 1213]}, {"key": "agree-to", "type": "clause", "offset": [1280, 1288]}, {"key": "waiver-of-the", "type": "clause", "offset": [1320, 1333]}, {"key": "payment-of", "type": "definition", "offset": [1412, 1422]}, {"key": "has-an-interest", "type": "definition", "offset": [1464, 1479]}, {"key": "benefits-of", "type": "clause", "offset": [1553, 1564]}, {"key": "section-34", "type": "clause", "offset": [1565, 1576]}, {"key": "section-36", "type": "clause", "offset": [1581, 1592]}], "size": 13, "hash": "e44d8a1631f1c92fc838b416dbd28de2", "id": 9}, {"snippet": "Each Lender may assign or grant participations ------------ in its rights under the Credit Documents in whole or in part to one or more other Persons; provided that (i) no such assignment or participation shall relieve any Lender of any of its obligations under this Agreement, (ii) the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with its rights and obligations under the Credit Documents, and (iii) the Borrower and the Agent shall have no obligation or responsibility to such participant or assignee. Any agreement pursuant to which a participation in or assignment of Obligations or rights thereunder is granted (other than an assignment complying with Section 10.11) shall provide that the granting Lender retains the sole right and responsibility to enforce the obligations of the Borrower under this Agreement and the other Credit Documents including, without limitation, the right to approve any amendment, modification or waiver of any provision of the Credit Documents, except that such agreement may provide that such Lender will not agree to any modification, amendment or waiver of the Credit Documents that would reduce the principal amount of or interest owing on, or extend the final maturity date of, any Obligation in which such participant or assignee has an interest without the consent of such participant or assignee. Any party to which such a participation or assignment has been granted shall have the benefits of Sections 2.11 and 8.3, but not in excess of the amounts to which the participating Lender would have been entitled had no such participation been made.", "samples": [{"hash": "1z0REN74bpg", "uri": "/contracts/1z0REN74bpg#participants", "label": "Credit Agreement (Aptargroup Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "lender-may", "type": "definition", "offset": [5, 15]}, {"key": "the-credit-documents", "type": "clause", "offset": [80, 100]}, {"key": "other-persons", "type": "clause", "offset": [136, 149]}, {"key": "provided-that", "type": "definition", "offset": [151, 164]}, {"key": "assignment-or", "type": "clause", "offset": [177, 190]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [244, 276]}, {"key": "the-agent-shall", "type": "clause", "offset": [300, 315]}, {"key": "in-connection-with", "type": "clause", "offset": [370, 388]}, {"key": "obligations-under-the", "type": "clause", "offset": [404, 425]}, {"key": "no-obligation", "type": "clause", "offset": [492, 505]}, {"key": "pursuant-to", "type": "definition", "offset": [571, 582]}, {"key": "assignment-of-obligations", "type": "definition", "offset": [611, 636]}, {"key": "an-assignment", "type": "definition", "offset": [681, 694]}, {"key": "complying-with", "type": "clause", "offset": [695, 709]}, {"key": "section-1011", "type": "clause", "offset": [710, 723]}, {"key": "granting-lender", "type": "clause", "offset": [748, 763]}, {"key": "right-and-responsibility", "type": "clause", "offset": [781, 805]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [821, 848]}, {"key": "other-credit-documents", "type": "definition", "offset": [878, 900]}, {"key": "without-limitation", "type": "clause", "offset": [912, 930]}, {"key": "right-to-approve", "type": "clause", "offset": [936, 952]}, {"key": "any-amendment", "type": "definition", "offset": [953, 966]}, {"key": "modification-or-waiver", "type": "clause", "offset": [968, 990]}, {"key": "provision-of-the", "type": "clause", "offset": [998, 1014]}, {"key": "agree-to", "type": "clause", "offset": [1098, 1106]}, {"key": "waiver-of-the", "type": "clause", "offset": [1138, 1151]}, {"key": "the-principal-amount", "type": "definition", "offset": [1187, 1207]}, {"key": "date-of", "type": "clause", "offset": [1262, 1269]}, {"key": "has-an-interest", "type": "definition", "offset": [1324, 1339]}, {"key": "consent-of", "type": "clause", "offset": [1352, 1362]}, {"key": "benefits-of", "type": "clause", "offset": [1479, 1490]}, {"key": "participating-lender", "type": "definition", "offset": [1560, 1580]}], "size": 13, "hash": "9636279ffbec9bde0b61bfc150d67a84", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVwYXJ0aWNpcGFudHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["definitions", "Definitions"], ["counterparts", "Counterparts"], ["participation", "Participation"], ["general", "General"]], "title": "Participants", "children": [["benefits", "Benefits"], ["eligibility", "Eligibility"], ["rights-and-privileges", "Rights and Privileges"], ["", ""], ["termination-of-participation", "Termination of Participation"]], "size": 1705, "id": "participants", "related": [["participant", "Participant", "Participant"], ["eligible-participants", "Eligible Participants", "Eligible <strong>Participants</strong>"], ["eligible-employees", "Eligible Employees", "Eligible Employees"], ["covered-employees", "Covered Employees", "Covered Employees"], ["death-of-participant", "Death of Participant", "Death of Participant"]], "related_snippets": [], "updated": "2026-03-20T05:48:33+00:00", "also_ask": ["What criteria determine who qualifies as a 'Participant' under this clause?", "How can the definition of 'Participants' be strategically narrowed or broadened during negotiations?", "What are the legal risks if 'Participants' are not clearly defined or are over-inclusive?", "How does this clause compare to standard industry definitions of 'Participants'?", "What evidence is required to prove or challenge someone's status as a 'Participant' in court?"], "drafting_tip": "Clearly identify all participants to avoid ambiguity, specify eligibility criteria to ensure enforceability, and define participant rights and obligations to prevent disputes.", "explanation": "The \"Participants\" clause defines who is considered a party to the agreement or activity governed by the contract. It typically lists or describes the individuals, organizations, or entities that are involved, specifying their roles or capacities. For example, it may clarify whether subcontractors, affiliates, or third parties are included as participants. This clause ensures clarity about who is bound by the contract's terms and helps prevent disputes over the rights and obligations of those involved."}, "json": true, "cursor": ""}}