Common use of Participation of the Loan Clause in Contracts

Participation of the Loan. Borrower agrees that Bank may, at its option, sell interests in the Loan and its rights under this Loan Agreement to a financial institution or institutions and, in connection with each such sale, Bank may disclose any financial and other information available to Bank concerning Borrower to each perspective purchaser.

Appears in 3 contracts

Samples: Loan Agreement (Horizon Pharmacies Inc), Loan Agreement (Horizon Offshore Inc), Loan Agreement (Teraforce Technology Corp)

AutoNDA by SimpleDocs

Participation of the Loan. Borrower agrees that Bank may, at its option, sell interests in the Loan Loans and its rights under this Loan Agreement to a financial institution or institutions and, in connection with each such sale, Bank may disclose any financial and other information available to Bank concerning Borrower to each perspective prospective purchaser.

Appears in 1 contract

Samples: Loan Agreement (Park Pharmacy Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!