Common use of Rights of Credit Participants Clause in Contracts

Rights of Credit Participants. The Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Section 13.5, and the setoff rights in Section 9.2 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: Loan Agreement (Samuels Jewelers Inc)

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Rights of Credit Participants. The Borrower agrees Parent and the Borrowers each agree ----------------------------- that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Section 13.5Sections 2.8, 2.9, 2.13, 7.3 and the setoff rights in Section 9.2 11.3 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 granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Brookstone Inc)

Rights of Credit Participants. The Borrower agrees Parent and the Borrowers each agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Section 13.5Sections 2.8, 2.9, 2.13, 7.3 and the setoff rights in Section 9.2 11.3 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 granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Brookstone Inc)

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Rights of Credit Participants. The Borrower agrees Parent and the Borrowers each agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Section 13.5Sections 2.8, 2.9, 2.13, 7.3 and the setoff rights in Section 9.2 11.3 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such 115 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 (Brookstone Inc)

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