Common use of Participations, Etc Clause in Contracts

Participations, Etc. From time to time, Lender 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 will relieve Lender of any commitment made to the Borrower hereunder. In connection with the foregoing, Lender may disclose information concerning the Borrower 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 will be governed by Lender'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). Lender agrees to give written notification to the Borrower of any sale of a participation interest.

Appears in 1 contract

Samples: Credit Agreement (South Dakota Soybean Processors LLC)

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Participations, Etc. From time to time, Lead Lender 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 Agreementagreement. However, no such participation will shall relieve Lead Lender of any commitment made to the Borrower Company hereunder. In connection with the foregoing, Lead Lender may disclose information concerning the Borrower 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 will shall be governed by Lead Lender'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). Lead Lender agrees to give written notification to the Borrower Company of any sale of a participation interest.

Appears in 1 contract

Samples: Master Loan Agreement (Golden Grain Energy)

Participations, Etc. From time to time, Lead Lender 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 Agreementagreement. However, no such participation will shall relieve Lead Lender of any commitment made to the Borrower Company hereunder. In connection with the foregoing, Lead Lender may disclose information concerning the Borrower 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 will shall be governed by Lender's the Bylaws and Capital Plan of CoBank and/or Lead Lender or Lead Lender’s parent Association (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). Lead Lender agrees to give written notification to the Borrower Company of any sale of a participation interest, which notification may be given by Agent.

Appears in 1 contract

Samples: Master Loan Agreement (Heron Lake BioEnergy, LLC)

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Participations, Etc. From time to time, Lead Lender 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 Agreementagreement. However, no such participation will shall relieve Lead Lender of any commitment made to the Borrower Company hereunder. In connection with the foregoing, Lead Lender may disclose information concerning the Borrower 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 will shall be governed by Lender's the Bylaws and Capital Plan of Lead Lender or Lead Lender's Parent Association (as each may be amended from time to time). A sale of a participation interest may include certain voting rights of the participants regarding regard the loans hereunder (including without limitation the administration, servicing, and enforcement thereof). Lead Lender agrees to give written notification to the Borrower Company of any sale of a participation interest, which notification may be given by Agent.

Appears in 1 contract

Samples: Master Loan Agreement (Lincolnway Energy, LLC)

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