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. (b) Notwithstanding anything in Section 16.9(a) to the contrary, each Lender may pledge its interest in the Advances and the Notes to any Federal Reserve Bank as collateral in accordance with Applicable Law without the prior written consent of any Person

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 none of the Borrower, TPVGthe Servicer, the Facility Administrative Agent, any other Lender, any the Collateral Agent nor the Collateral Manager Servicer shall have any obligation to have any communication or relationship with any Participant. Each The Borrower agrees that each Participant shall comply with the provisions of Section 4.3(e) and shall be entitled to the benefits of Sections Section 4.3 and 5.1Section 5.1 (subject to the requirements and limitations therein, but including the requirements under Section 4.3(f) (it being understood that the documentation required under Section 4.3(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to this Article XV; provided that such Participant (A) agrees to be subject to the provisions of Section 17.15 as if it were an assignee under this Article XV; and (B) shall not be entitled to receive any greater payment under Sections Section 4.3 or 5.1 Section 5.1, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent that such entitlement to receive a greater payment results from a change in any Applicable Law that occurs after the Participant acquired the applicable participation. Each Lender which granted such that sells a participation interest agrees, at the Borrower’s request and expense, to such use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 17.15(b) with respect to any Participant. To the extent permitted by law, each Participant would also shall be entitled to receive had such Lender not granted such interest to such Participant. So long the benefits of Section 17.1 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 conditionedthough it were a Lender. (b) Notwithstanding anything in Section 16.9(a15.9(a) to the contrary, each Lender may pledge its interest in the Advances and the Notes to any Federal Reserve Bank as collateral in accordance with Applicable Law without the prior written consent of any Person. (c) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the obligations under the Transaction Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any obligations under any Transaction Document) except to the extent that such disclosure is necessary to establish that such obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

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. (b) Notwithstanding anything in Section 16.9(a) to the contrary, each Lender may pledge its interest in the Advances and the Notes to any Federal Reserve Bank as collateral in accordance with Applicable Law without the prior written consent of any Person.

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. (b) Notwithstanding anything in Section 16.9(a) to the contrary, each Each Lender may pledge its interest in the Advances and the Notes to any Federal Reserve Bank as collateral in accordance with Applicable Law without the prior written consent of any Personapplicable law.

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. (b) Notwithstanding anything in Section 16.9(a) to the contrary, each Each Lender may pledge its interest in the Advances and the Notes to any Federal Reserve Bank as collateral in accordance with Applicable Law without the prior written consent of any Personapplicable law.