Common use of Permitted Participants; Effect Clause in Contracts

Permitted Participants; Effect. Any Bank may at any time sell to one or more entities (“Participants”) participating interests in any Outstanding Credit Exposure owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under the Credit Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Credit Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under the Credit Documents.

Permitted Participants; Effect. Any Bank may at any time sell to one or more banks or other entities (“"Participants”") participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the Credit DocumentsNotes. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s 's obligations under this Agreement and the Credit Documents Notes shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure Advances and the holder of any Note issued to it in evidence thereof for all purposes under this Agreement and the Credit DocumentsNotes, all amounts payable by the Borrower Borrowers under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Borrowers and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s 's rights and obligations under this Agreement and the Credit DocumentsNotes.

Permitted Participants; Effect. Any The Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities (“"Participants”") participating interests in any Outstanding Credit Exposure owing to such of the Bank, any Note held by such the Bank, any Commitment of such the Bank or any other interest of such the Bank under the Credit Loan Documents. In the event of any such sale by a the Bank of participating interests to a Participant, such the Bank’s 's obligations under the Credit Loan Documents shall remain unchanged, such the Bank shall remain solely responsible to the other parties hereto Borrower for the performance of such obligations, such the Bank shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such the Bank had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such the Bank in connection with such the Bank’s 's rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities (“Participants”) participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of Upon any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure Loans and the holder of any Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its commercial banking business and in accordance with applicable law, at any time sell to one or more banks or other entities (“Participants”) participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure and the holder of any such Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities (“"Participants”") participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s 's obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof each of its Notes for all purposes under the Credit Loan Documents, all amounts payable by the Borrower Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s 's rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities (“Participants”) participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Note held by such Bank, any the Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of Upon any such sale by a Bank of participating interests to a Participant, such Bank’s obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure Loans and the holder of any Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary ------------------------------ course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities (“"Participants”") participating interests in any Outstanding Credit Exposure owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s 's obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower Company and the Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s 's rights and obligations under the Credit Loan Documents.

Permitted Participants; Effect. Any Bank may at any time sell to one or more banks or other entities (“"Participants”") participating interests in any Outstanding Credit Exposure Loan owing to such Bank, any Revolving Credit Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under the Credit Loan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank’s 's obligations under the Credit Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Outstanding Credit Exposure Loans and the holder of any Revolving Credit Note issued to it in evidence thereof for all purposes under the Credit Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s 's rights and obligations under the Credit Loan Documents.