Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.11, 2.12, 2.13, 2.15, 2.16 and 15.5, and the setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Gerber Scientific Inc), Credit and Guaranty Agreement (Gerber Scientific Inc)
Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.9, 2.10, 2.11, 2.12, 2.13, 2.15, 2.16 2.14 and 15.514.5, and the setoff set-off rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 2 contracts
Samples: Credit Agreement (American Skiing Co /Me), Credit Agreement (American Skiing Co /Me)
Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.112.5, 2.122.9, 2.132.10, 2.1515.7, 2.16 and 15.5Article 14, and the setoff rights in Section 10.2 10.3 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender Bank granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Uno Restaurant Corp), Revolving Credit and Term Loan Agreement (Uno Restaurant Corp)
Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12, 2.13, 2.15, 2.16 and 15.514.5, and the setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 2 contracts
Samples: Credit Agreement (Saucony Inc), Credit Agreement (Pc Connection Inc)
Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12, 2.13, 2.15, 2.16 2.12 and 15.514.5, and the setoff set-off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 2 contracts
Samples: Credit Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)
Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.9, 2.10, 2.11, 2.12, 2.13, 2.15, 2.16 2.14 and 15.511.5, and the setoff rights in Section 10.2 7.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
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Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12, 2.13, 2.15, 2.16 2.12 and 15.514.5, and the setoff set off rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 1 contract
Samples: Credit Agreement (Boston Celtics Limited Partnership)
Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12, 2.13, 2.15, 2.16 2.12 and 15.514.5, and the setoff set off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 1 contract
Samples: Credit Agreement (Boston Celtics Limited Partnership Ii /De/)
Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.10, 2.11, 2.12, 2.13, 2.15, 2.16 and 15.514.5, and the setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
Appears in 1 contract
Samples: Credit Agreement (Bright Horizons Family Solutions Inc)
Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.9, 2.10, 2.11, 2.12, 2.13, 2.15, 2.16 2.14 and 15.514.5, and the setoff set-off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
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Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.112.8, 2.9, 2.10, 2.12, 2.13, 2.15, 2.16 2.13 and 15.514.5, and the setoff rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.
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