Common use of Participations of Lenders Clause in Contracts

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

Appears in 2 contracts

Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/), Revolving Credit Agreement (Peregrine Systems Inc)

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Participations of Lenders. Each such payment made by a Lender shall shall, unless the applicable Reimbursement Obligation has been otherwise funded as a Revolving Loan bearing interest at the Base Rate pursuant to ss.4.2, be treated as the purchase by such Lender of a participating interest in the Borrower's Reimbursement Obligation under ss.4.2 in an amount equal to such payment. Each To that extent, each Lender 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 (Quaker Fabric Corp /De/)

Participations of Lenders. Each such payment made by a Lender shall be treated as the purchase by such Lender of a participating interest in CML's and the Borrower's Borrowers' Reimbursement Obligation Obligations under ss.4.2 in an amount equal to such sucH payment. Each Lender 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 (CML Group Inc)

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

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders Group Inc)

Participations of Lenders. Each such payment made by a Lender shall be treated as the purchase by such Lender of a participating interest in CML's and the Borrower's Borrowers' Reimbursement Obligation Obligations under ss.4.2 in an amount equal to such payment. Each Lender 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 (CML Group Inc)

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Participations of Lenders. Each such payment made by a Lender shall be treated as the purchase by such Lender of a participating interest in the Borrower's Borrowers' Reimbursement Obligation under ss.4.2 ss.5.2 in an amount equal to such sucH payment. Each Lender 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 and Term Loan Agreement (Furrs Restaurant Group Inc)

Participations of Lenders. Each such payment made by a Lender shall be treated as the purchase by such Lender of a participating interest in the Borrower's Borrowers' Reimbursement Obligation under ss.4.2 ss.5.2 in an amount equal to such payment. Each Lender 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 and Term Loan Agreement (Century Aluminum Co)

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