Common use of Participations; Pledge Clause in Contracts

Participations; Pledge. (a) At any time and from time to time, each Lender may, in accordance with Applicable Law, at any time grant participations in all or a portion of its Note and/or its interest in the Advances and other payments due to it under this Agreement to any Person (each, a “Participant”). Each Lender hereby acknowledges and agrees that (A) any such participation will not alter or affect such Lender’s direct obligations hereunder, and (B) neither the Borrower, TPVG, the Facility Agent, any other Lender, any Agent nor the Collateral Manager shall have any obligation to have any communication or relationship with any Participant. Each Participant shall comply with the provisions of Section 4.3(e) and shall be entitled to the benefits of Sections 4.3 and 5.1, but shall not be entitled to receive any greater payment under Sections 4.3 or 5.1 than the Lender which granted such participation interest to such Participant would be entitled to receive had such Lender not granted such interest to such Participant. So long as no Unmatured Event of Default, Event of Default, Unmatured Collateral Manager Default or Collateral Manager Default has occurred and is continuing, any proposed Participation shall be subject to the prior written consent of the Borrower and TPVG, which such consent shall not be unreasonably withheld, delayed or conditioned.

Participations; Pledge. (a) At any time and from time to time, each Lender may, in accordance with Applicable Law, at any time grant participations in all or a portion of its Note and/or its interest in the Advances and other payments due to it under this Agreement to any Person (each, a “Participant”). Each Lender hereby acknowledges and agrees that (A) any such participation will not alter or affect such Lender’s direct obligations hereunder, and (B) neither the Borrower, TPVG, the Facility Administrative Agent, any other Lender, any Agent nor the Collateral Manager shall have any obligation to have any communication or relationship with any Participant. Each Participant shall comply with the provisions of Section 4.3(e) and shall be entitled to the benefits of Sections 4.3 and 5.1, but shall not be entitled to receive any greater payment under Sections 4.3 or 5.1 than the Lender which granted such participation interest to such Participant would be entitled to receive had such Lender not granted such interest to such Participant. So long as no Unmatured Event of Default, Event of Default, Unmatured Collateral Manager Default or Collateral Manager Default has occurred and is continuing, any proposed Participation shall be subject to the prior written consent of the Borrower and TPVG, which such consent shall not be unreasonably withheld, delayed or conditioned.

Participations; Pledge. (a) i. At any time and from time to time, each Lender may, in accordance with Applicable Lawapplicable law, at any time grant participations in all or a portion of its Note Commitment and/or its interest in the Advances and other payments due to it under this Agreement to any Person (each, a “"Participant”"); provided, however, that no participation shall be granted to any Person unless and until the Agent shall have consented thereto (which consent shall not be unreasonably withheld or delayed). Each Lender hereby acknowledges and agrees that (A) any such participation will not alter or affect such Lender’s 's direct obligations hereunder, and (B) neither the Borrower, TPVG, the Facility Agent, any other Lender, any Agent nor the Collateral Manager Servicer shall have any obligation to have any communication or relationship with any Participant. Each Participant shall comply with the provisions of Section 4.3(e5.1(c) and . No Participant (i) which is other than an Eligible Assignee shall be entitled to receive additional amounts under Section 6.1 in excess of the benefits of Sections 4.3 and 5.1, but shall not be entitled to receive any greater payment under Sections 4.3 or 5.1 than the additional amounts its lead Lender which granted such participation interest to such Participant would be have been entitled to receive had such Lender participation not been granted unless such interest Participant was consented to such Participant. So long as no Unmatured Event of Default, Event of Default, Unmatured Collateral Manager Default by the Borrower or Collateral Manager Default has occurred and is continuing, any proposed Participation (ii) shall be subject entitled to transfer all or any portion of its participation without the prior written consent of the Borrower and TPVG, which such consent shall not be unreasonably withheld, delayed or conditionedAgent.

Participations; Pledge. (a) At any time and from time to time, each Lender may, in accordance with Applicable Lawapplicable law, at any time grant participations in all or a portion of its Note Commitment and/or its interest in the Advances and other payments due to it under this Agreement to any Person (each, a “Participant”); provided, however, that no participation shall be granted to any Person unless and until the Administrative/Collateral Agent shall have consented thereto (which consent shall not be unreasonably withheld or delayed). Each Lender hereby acknowledges and agrees that (A) any such participation will not alter or affect such Lender’s direct obligations hereunder, and (B) neither the Borrower, TPVGeither Seller, the Facility Guarantor, UPFC, Administrative/Collateral Agent, any other LenderAgent, any Agent the Backup Servicer nor the Collateral Manager Servicer shall have any obligation to have any communication or relationship with any Participant. Each Participant shall comply with the provisions of Section 4.3(e5.1(c). No Participant (i) and which is other than an Eligible Assignee shall be entitled to receive additional amounts under Section 6.1 in excess of the benefits of Sections 4.3 and 5.1, but shall not be entitled to receive any greater payment under Sections 4.3 or 5.1 than the additional amounts its lead Lender which granted such participation interest to such Participant would be have been entitled to receive had such Lender participation not been granted unless such interest Participant was consented to such Participant. So long as no Unmatured Event of Default, Event of Default, Unmatured Collateral Manager Default by the Borrower or Collateral Manager Default has occurred and is continuing, any proposed Participation (ii) shall be subject entitled to transfer all or any portion of its participation without the prior written consent of the Borrower and TPVG, which such consent shall not be unreasonably withheld, delayed or conditionedAdministrative/Collateral Agent.

Participations; Pledge. (a) At any time and from time to time, each Lender may, in accordance with Applicable Lawapplicable law, at any time grant participations in all or a portion of its Note Commitment and/or its interest in the Advances and other payments due to it under this Agreement to any Person (each, a “Participant”); provided, however, that no participation shall be granted to any Person unless and until the Administrative/Collateral Agent shall have consented thereto (which consent shall not be unreasonably withheld or delayed). Each Lender hereby acknowledges and agrees that (A) any such participation will not alter or affect such Lender’s direct obligations hereunder, and (B) neither the Borrower, TPVGthe Seller, the Facility Guarantor, UPFC, Administrative/Collateral Agent, any other LenderAgent, any Agent the Backup Servicer nor the Collateral Manager Servicer shall have any obligation to have any communication or relationship with any Participant. Each Participant shall comply with the provisions of Section 4.3(e5.1(c). No Participant (i) and which is other than an Eligible Assignee shall be entitled to receive additional amounts under Section 6.1 in excess of the benefits of Sections 4.3 and 5.1, but shall not be entitled to receive any greater payment under Sections 4.3 or 5.1 than the additional amounts its lead Lender which granted such participation interest to such Participant would be have been entitled to receive had such Lender participation not been granted unless such interest Participant was consented to such Participant. So long as no Unmatured Event of Default, Event of Default, Unmatured Collateral Manager Default by the Borrower or Collateral Manager Default has occurred and is continuing, any proposed Participation (ii) shall be subject entitled to transfer all or any portion of its participation without the prior written consent of the Borrower and TPVG, which such consent shall not be unreasonably withheld, delayed or conditionedAdministrative/Collateral Agent.