Participations by the Bank Sample Clauses

Participations by the Bank. (a) The Bank may grant participations herein or in any of its rights and security hereunder, provided that any such participation shall grant to the City the right to continue dealing solely with the Bank. Any such participant is referred to in this agreement as a “Participant.” In connection with any proposed participation, the Bank may disclose to the proposed Participant any information that the City is required to deliver to the Bank pursuant to this Agreement. The City agrees that each Participant shall be entitled to the benefit of the cost protection and indemnification provisions of this Agreement contained in Sections 5.2, 5.4 and 11.5(b) hereof to the same extent that the Bank would be entitled had the Bank not sold a participation to such Participant. No participation in this Agreement sold by the Bank shall increase the City’s obligations under this Agreement beyond those that exist in favor of the Bank. The Bank shall enforce the provisions of Sections 5.2, 5.4 and 11.5(b) hereof in favor of Participants. In no event shall any participation release the Bank from any of its obligations under the Letter of Credit.
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Participations by the Bank. The Bank may at any time, without the consent of the Authority, sell to one or more commercial banks or other Persons not affiliates of the Authority (a “Participant”) participating interests in its rights and obligations hereunder subject to such Participant entering into an investor agreement prior to or concurrently with such sale that is substantially similar to the one delivered by the Bank to the Authority at Closing; provided, however, that: (a) the Bank’s obligations hereunder shall remain unchanged; (b) the Bank shall remain solely responsible for the performance of such obligations; and (c) the participation of one or more Participants shall not reduce or alter the Bank’s obligations hereunder or affect in any way the rights or obligations of the Authority hereunder and the Authority has the right to continue to deal solely with the Bank. The Bank will give notice of the sale of such participation and the name of the Participant to the Authority not later than thirty
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Participations by the Bank. (a) The Bank may grant participations herein or in any of its rights and security hereunder, provided that any such participation shall grant to the Department the right to continue dealing solely with the Bank. Any such participant is referred to in this agreement as a “Participant.” In connection with any proposed participation, the Bank may disclose to the proposed Participant any information that the Department is required to deliver to the Bank pursuant to this Agreement. No participation in this Agreement sold by the Bank shall increase the Department’s obligations under this Agreement beyond those that exist in favor of the Bank.
Sample 1
Participations by the Bank. The Bank may grant participations herein or in any of its rights and security hereunder. Any such participant is referred to in this Agreement as a “Participant.” In connection with any proposed participation, the Bank may disclose to the proposed Participant any information the Bank may have concerning the Agency. The Agency agrees that the provisions of this Agreement shall run to the benefit of each Participant and its participations or interests herein and the Bank may enforce such provisions on behalf of any such Participant. The foregoing notwithstanding, no participation shall in any way affect any of the obligations of the Bank hereunder, and the Agency shall have no obligation to deal in any manner with any such Participant.
Sample 1

Related to Participations by the Bank

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Financial Participation Prohibited Under Section 2155.004, Texas Government Code (relating to financial participation in preparing solicitations), Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive this Contract and acknowledges that this Contract may be terminated and payment withheld if this certification is inaccurate.

  • Participation in the SRS 15. Parents who choose not to participate in the SRS are responsible for providing their student with all items that would otherwise be provided by the SRS to enable their student to engage with the curriculum.

  • Employee Participation 23.1 The parties to this Agreement accept that change in the Health Service is necessary in order to ensure the efficient and effective delivery of health services.

  • Public Participation 79. This Consent Decree shall be lodged with the Court for a period of not less than 30 Days for public notice and comment in accordance with 28 C.F.R. ' 50.7. The United States reserves the right to withdraw or withhold its consent if the comments regarding the Consent Decree disclose facts or considerations indicating that the Consent Decree is inappro- priate, improper, or inadequate. Defendant consents to entry of this Consent Decree without further notice and agrees not to withdraw from or oppose entry of this Consent Decree by the Court or to challenge any provision of the Decree, unless the United States has notified Defendant in writing that it no longer supports entry of the Decree.

  • Program Participation By participating in the CRF Program, Grantee agrees to:

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