Common use of Participations of Banks Clause in Contracts

Participations of Banks. Each such payment made by a Revolving A Bank shall be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Reimbursement Obligation under ss.4.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2.

Appears in 1 contract

Samples: Loan Agreement (Holmes Group Inc)

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Participations of Banks. Each such payment made by a Revolving A Bank shall be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Reimbursement Obligation under ss.4.2 ss.5.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2.Each

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Western Digital Corp)

Participations of Banks. Each such payment made by a Revolving A Bank shall be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Revolver Borrower's Reimbursement Obligation under ss.4.2 ss.5.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2ss.5.2.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

Participations of Banks. Each such payment made by a Revolving A Bank shall be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Reimbursement Obligation under ss.4.2 ss.3A.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2ss.3A.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Grove Property Trust)

Participations of Banks. Each such payment made by a Revolving A Bank shall be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Reimbursement Obligation under ss.4.2 ss.5.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2ss. 5.2.

Appears in 1 contract

Samples: Credit Agreement (HPSC Inc)

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Participations of Banks. Each such payment made by a Revolving A Bank shall ----------------------- be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Borrowers' Reimbursement Obligation under ss.4.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Participations of Banks. Each such payment made by a Revolving A Bank shall ----------------------- be treated as the purchase by such Revolving A Bank of a participating interest in the applicable Borrower's Reimbursement Obligation under ss.4.2 in an amount equal to such payment. Each Revolving A Bank shall share in accordance with its participating interest in any interest which accrues pursuant to ss.4.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

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