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 Borrowers' 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 1 contract

Samples: Multicurrency Revolving Credit Agreement (Borders 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 Borrowers' Borrower's 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: Revolving Credit Agreement (Peregrine Systems 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 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.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Century Aluminum Co)

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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 Borrowers' 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 1 contract

Samples: Revolving Credit Agreement (Quaker Fabric Corp /De/)

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