Common use of Participation permitted Clause in Contracts

Participation permitted. A Lender may grant a participation interest (being a right to share in the financial benefits of this agreement, without any rights against an Obligor) in any of the Lender’s rights and benefits under this agreement to any other person without having to obtain the consent of or to notify an Obligor.

Appears in 2 contracts

Samples: Facility Agreement (Paringa Resources LTD), Paringa Resources LTD

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Participation permitted. A The Lender may grant a participation interest (being a right to share in the financial benefits of this agreementdeed, without any rights against an Obligora Transaction Party) in any of the Lender’s rights and benefits under this agreement the Transaction Documents of that Lender to any other person without having to obtain the consent of or to notify an Obligora Transaction Party.

Appears in 1 contract

Samples: Sims Metal Management LTD

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Participation permitted. A The Lender may grant a participation interest (being a right to share in the financial benefits of this agreement, without any rights against an Obligora Transaction Party) in any of the Lender’s 's rights and benefits under this agreement to any other person without having to obtain the consent of or to notify an Obligora Transaction Party.

Appears in 1 contract

Samples: Finance Facility Agreement (Olympus Pacific Minerals Inc)

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