Common use of Restrictions on and Effect of Transfer by Participants Clause in Contracts

Restrictions on and Effect of Transfer by Participants. No Participant may (without the prior written consent of the Agent and, if prior to the occurrence and continuance of an Event of Default, Lessee (not to be unreasonably withheld)) assign, convey or otherwise transfer (including pursuant to a participation) all or any portion of its right, title or interest in, to or under its Participation Interest or any of the Operative Documents or the Property, provided that (x) any Participant may pledge its interest without the consent of the Agent or the Lessee to any Federal Reserve Bank, and (y) without the prior written consent of the Agent or the Lessee, any Participant may transfer all or any portion of its interest to any Affiliate of such Participant or to any other existing Participant; provided that in the case of any transfer (other than to such Affiliate) each of the following conditions and any other applicable conditions of the other Operative Documents are satisfied:

Restrictions on and Effect of Transfer by Participants. No Participant may (without the prior written consent of the Agent and, if prior to the occurrence and continuance of an Event of Default, Lessee (not to be unreasonably withheld)) assign, convey or otherwise transfer (including pursuant to a participation) all or any portion of its right, title or interest in, to or under its Participation Interest or any of the Operative Documents or the Property, provided that (x) any Participant may pledge its interest without the consent of the Agent or the Lessee to any Federal Reserve Bank, and (y) without the prior written consent of the Agent or the LesseeAgent, any Participant may transfer all or any portion of its interest to any Affiliate of such Participant or to any other existing ParticipantParticipant and (z) the Lessor may not transfer its Tranche C Participation Interest in the absence of an Event of Default; provided provided; further, that in the case of any transfer (other than to such Affiliate) each of the following conditions and any other applicable conditions of the other Operative Documents are satisfied:

Restrictions on and Effect of Transfer by Participants. No Participant may (without the prior written consent of the Agent and, if prior to the occurrence and continuance of an Event of Default, Lessee (not to be unreasonably withheld)) assign, convey or otherwise transfer (including pursuant to a participation) all or any portion of its right, title or interest in, to or under its Participation Interest or any of the Operative Documents or the Property, provided that (x) any Participant may pledge its -------- interest without the consent of the Agent or the Lessee to any Federal Reserve Bank, and (y) without the prior written consent of the Agent or the LesseeAgent, any Participant may transfer all or any portion of its interest to any Affiliate of such Participant or to any other existing Participant; provided that in the case of -------- any transfer (other than to such Affiliate) each of the following conditions and any other applicable conditions of the other Operative Documents are satisfied:

Restrictions on and Effect of Transfer by Participants. No Participant may (without the prior written consent of the Agent and, if prior to the occurrence and continuance of an Event of Default, Lessee (not to be unreasonably withheld)) assign, convey or otherwise transfer (including pursuant to a participation) all or any portion of its right, title or interest in, to or under its Participation Interest or any of the Operative Documents or the Property, provided that (x) any Participant may pledge its interest without the consent of the Agent or the Lessee to any Federal Reserve Bank, and (y) without the prior written consent of the Agent or the LesseeAgent, any Participant may transfer all or any portion of its interest to any Affiliate of such Participant or to any other existing Participant; provided that in the case of any transfer (other than to such Affiliate) each of the following conditions and any other applicable conditions of the other Operative Documents are satisfied:: (a)

Restrictions on and Effect of Transfer by Participants. No Participant may (without the prior written consent of the Agent and, if prior to the occurrence and continuance of an Event of Default, Lessee (not to be unreasonably withheld)) assign, convey or otherwise transfer (including pursuant to a participation) all or any portion of its right, title or interest in, to or under its Participation Interest or any of the Operative Documents or the Property, provided that (x) any Participant may pledge its interest without the consent of the Agent or the Lessee to any Federal Reserve Bank, and (y) without the prior written consent of the Agent or the LesseeAgent, any Participant may transfer all or any portion of its interest to any Affiliate of such Participant or to any other existing ParticipantParticipant and (z) Lessor may not transfer its Tranche C Participation Interest in the absence of a Lease Event of Default; provided provided; further, that in the case of any transfer (other than to such Affiliate) each of the following conditions and any other applicable conditions of the other Operative Documents are satisfied: