Common use of Participations, Etc Clause in Contracts

Participations, Etc. From time to time, CoBank may sell to one or more banks, financial institutions, or other lenders a participation in one or more of the loans or other extensions of credit made pursuant to this agreement. However, no such participation shall relieve CoBank of any commitment made to the Company hereunder. In connection with the foregoing, CoBank may disclose information concerning the Company and its Subsidiaries, if any, to any participant or prospective participant, provided that such participant or prospective participant agrees to keep such information confidential. Patronage distributions in the event of a sale of a participation interest shall be governed by CoBank’s Bylaws and Capital Plan (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding the loans hereunder (including without limitation the administration, servicing, and enforcement thereof). CoBank agrees to give written notification to the Company of any sale of a participation interest.

Appears in 2 contracts

Samples: Master Loan Agreement (South Dakota Soybean Processors LLC), Master Loan Agreement (Dakota Growers Pasta Co Inc)

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Participations, Etc. From time to time, CoBank may sell to one or more banks, financial institutions, or other lenders a participation in one or more of the loans or other extensions of credit made pursuant to this agreement. However, no such participation shall relieve CoBank of any commitment made to the Company hereunder. In connection with the foregoing, CoBank may disclose information concerning the Company and its Subsidiariessubsidiaries, if any, to any participant or prospective participant, provided that such participant or prospective participant agrees to keep such information confidential. Patronage distributions in the event of a sale of a participation interest shall be governed by CoBank’s Bylaws and Capital Plan (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding the loans hereunder (including without limitation the administration, servicing, and enforcement thereof). CoBank agrees to give written notification to the Company of any sale of a participation interest.

Appears in 1 contract

Samples: Master Loan Agreement (U. S. Premium Beef, LLC)

Participations, Etc. From time to time, CoBank may sell to one or more banks, financial institutions, institutions or other lenders a participation in one or more of the loans or other extensions of credit made pursuant to this agreementAgreement. However, no such participation shall relieve CoBank of any commitment made to the Company Borrower hereunder. In connection with the foregoing, CoBank may disclose information concerning the Company Borrower and its Subsidiariessubsidiaries, if any, to any participant or prospective participant, provided that such participant or prospective participant agrees to keep such information confidential. Patronage distributions in the event of a sale of a participation interest shall be governed by CoBank’s Bylaws and Capital Plan (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding the loans hereunder (including without limitation the administration, servicing, servicing and enforcement thereof). CoBank agrees to give written notification to the Company Borrower of any sale of a participation interest.. Amended and Restated Master Loan Agreement/Warwick Valley Telephone Company MLA No. RX0886(A)

Appears in 1 contract

Samples: Master Loan Agreement (Warwick Valley Telephone Co)

Participations, Etc. From time to time, CoBank may sell to one or more banks, financial institutions, or other lenders a participation in one or more of the loans or other extensions of credit made pursuant to this agreement. However, no such participation shall relieve CoBank of any commitment made to the Company hereunder. In connection with the foregoing, CoBank may disclose information concerning the Company and its Subsidiaries, if any, to any participant or prospective participant, provided that such participant or prospective participant agrees to keep such information confidential. Patronage distributions in the event of a sale of a participation interest shall be governed by CoBank’s 's Bylaws and Capital Plan (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding the loans hereunder (including without limitation the administration, servicing, and enforcement thereof). CoBank agrees to give written notification to the Company of any sale of a participation interest.

Appears in 1 contract

Samples: Master Loan Agreement (South Dakota Soybean Processors LLC)

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Participations, Etc. From time to time, CoBank may sell to one or more banks, financial institutions, institutions or other lenders a participation in one or more of the loans or other extensions of credit made pursuant to this agreementAgreement. However, no such participation shall relieve CoBank of any commitment made to the Company Borrower hereunder. In connection with the foregoing, CoBank may disclose information concerning the Company Borrower and its Subsidiariessubsidiaries, if any, to any participant or prospective participant, provided that such participant or prospective participant agrees to keep such information confidential. Patronage distributions in the event of a sale of a participation interest shall be governed by CoBank’s Bylaws and Capital Plan (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding the loans hereunder (including without limitation the Master Loan Agreement/New Ulm Telecom, Inc. Loan No. RX0583 administration, servicing, servicing and enforcement thereof). CoBank agrees to give written notification to the Company Borrower of any sale of a participation interest. CoBank reserves the right to sell, assign and/or participate the loans or other extensions of credit made pursuant to this Agreement on a non-patronage basis.

Appears in 1 contract

Samples: Master Loan Agreement (New Ulm Telecom Inc)

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