Participating Lenders Sample Clauses

Participating Lenders. Borrower agrees that Bank may, at its option, grant to one or more other financial institutions the right to participate in the loan advances described in this Agreement, provided however that Bank shall alone retain the right to amend, modify, waive, or enforce the provisions of this Agreement. If any Participating Lender shall at any time participate with Bank in making any loan advances hereunder, Borrower hereby grants to such Participating Lender (in addition to any other rights which such Participating Lender may have) both a continuing lien and security interest in any money, security and other personal property of Borrower which is in the possession of such Participating Lender, and an express, contractual right of setoff therein, for the benefit of all Participating Lender(s) and the Bank (such interests, rights and the proceeds thereof to be shared on a pro-rata basis by the Participating Lenders and Bank according to their respective outstanding balances). Bank may disclose to any Participating Lender, or any potential or prospective Participating Lender, any financial, credit or confidential information or documents of or concerning Borrower.

Participating Lenders. The Borrower understands that, although the Note names the Bank as the holder thereof, the Bank may sell a participation interest in the Loan to one or more other lenders, and the Borrower agrees that, subject to the terms of the agreements of participation, each participating lender will be entitled to rely on the terms of this Agreement and the other Loan Documents as fully as if such participating lender had been named as the holder of such Note and named in the other Loan Documents.

Participating Lenders. (1) CFS must be an "Eligible Lender" as defined in the Higher Education Act or must be acting through an eligible lender trustee that is an "Eligible Lender" as defined in the Higher Education Act. In order to deliver loans which are guaranteed by a Guarantor or the Secretary, CFO and/or CFSR I must previously have entered into an Agreement for Guarantee of Student Loans with the appropriate Guarantor and/or the Secretary; (2) In order to participate as a lender an institution must enter into this Agreement which provides for the manner and terms of sale of Student Loans. CFS will be required to carry out such Agreement in accordance with procedures set forth in the Program Standards. Such procedures may be revised from time to time, but revisions will not affect the eligibility of any lender or the terms of sale of Student Loans as to any Agreement originated prior to and continuing at the time of revision by MOHELA. Two copies of the Agreement shall be signed and returned to MOHELA. MOHELA will execute both copies of the Agreement and return one executed copy to CFSR I. (3) CFMS must submit a List of Officers of CFSR I (Schedule E) at the time this Agreement is executed.

Participating Lenders. Borrower agrees that Lender may, at its option, grant to one or more of its affiliates or other financial institutions the right to participate in the loan advances described in this Agreement. If any participating lender shall at any time participate with Lender in making any loan advances hereunder, Borrower hereby grants to such participating lender (in addition to any other rights which such participating lender may have) both a continuing lien and security interest in any money, security and other personal property of Borrower which is in the possession of such participating lender, and an express, contractual right of setoff therein, for the benefit of all participating lender(s), the Lender and all other affiliates of Lender.

Participating Lenders. The Borrowers and the Guarantors agree that although the Loan Documents name the Bank as the holder thereof, the Bank is authorized to sell participation interests in all or any portion of the Loan to other financial institutions (a “Participating Lender”) and the Borrowers and the Guarantors agree that, subject to the terms of the agreements of participation, each Participating Lender will be entitled to rely on the terms of the Loan Documents as if the Participating Lender had been named as an original party to the Loan Documents.

Participating Lenders. 1. Participating Lenders pay us a monthly subscription to host PaymentDriver® on their behalf and to receive leads through PaymentDriver®. Participating Lenders are not owned or operated by Dealertrack, and, except as described herein, are not otherwise affiliated with Dealertrack. Participating Lenders are not responsible for any of the content or information (or the accuracy thereof) displayed or transmitted to you via Dealertrack Sites or from third parties.

Participating Lenders. Debtor agrees that Lender may, at its option, grant to one or more other financial institutions the right to participate in the loan advances described in this Agreement; provided, however, that Lender shall alone retain the right to amend, modify, waive, or enforce the provisions of this Agreement. If any participating lender shall at any time participate with Lender in making any loan advances hereunder, Debtor hereby grants to such participating lender (in addition to any other rights which such participating lender may have) both a continuing lien and security interest in any money, security and other personal property of Debtor which is in the possession of such participating lender, and an express, contractual right of setoff therein, for the benefit of all participating lender(s) and Lender (such interests, rights and the proceeds thereof to be shared on a pro-rata basis by the participating lenders and Lender according to their respective outstanding balances). Subject to the provisions of Section 17 below, Lender may disclose to any participating lender, or any potential or prospective participating lender, any financial, credit or confidential information or documents of or concerning Debtor.

Participating Lenders. Within one Business Day following the date hereof, the Borrower shall deliver written notice (a “Joinder Notice”) to each Lender other than the Deerfield Lenders (“Non-DF Lenders”) of the Borrower’s entry into this Agreement. The Joinder Notice shall be accompanied by a copy of this Agreement and a joinder agreement in the form attached hereto as Exhibit B (the “Joinder Agreement”) and offer each Non-DF Lender the opportunity to become a party to this agreement as a Participating Lender by executing and delivering to the Borrower and each Deerfield Lender a Joinder Agreement on or prior to December 23, 2020. For the avoidance of doubt, if any Non-DF Lender does not execute and deliver a Joinder Agreement, each shall be deemed to have elected not to be, and shall not be, a Participating Lender.

Participating Lenders. Only Participating Lenders may enroll eligible Loans into the HI- CAP Collateral Program.

Participating Lenders. With respect to each Converting Lender, the signature pages to a Conversion Notice delivered by such Converting Lender shall be deemed for all purposes to be signature pages to this Amendment.