Common use of Rights of Participant Clause in Contracts

Rights of Participant. A Participant shall not be entitled to receive any greater payment under Sections 2.12, 2.13, 2.14 and 9.3 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant (for certainty, if the applicable Lender is not entitled to any payment under such sections, the Participant shall not be entitled to any payment thereunder), unless the sale of the participation to such Participant is made with the Borrower’s prior written consent.

Appears in 3 contracts

Samples: Credit Agreement (Tahoe Resources Inc.), Credit Agreement (Tahoe Resources Inc.), Credit Agreement (Tahoe Resources Inc.)

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Rights of Participant. A Participant shall not be entitled to receive any greater payment under Sections 2.122.12(2), 2.13, 2.14 2.14, 2.15 and 9.3 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant (for certainty, if the applicable Lender is not entitled to any payment under such sections, the Participant shall not be entitled to any payment thereunder), unless the sale of the participation to such Participant is made with the Borrower’s prior written consent.

Appears in 2 contracts

Samples: Credit Agreement (Pretium Resources Inc.), Credit Agreement (Pretium Resources Inc.)

Rights of Participant. A Participant shall not be entitled to receive any greater payment under Sections 2.12, 2.13, 2.14 2.14, 2.15 and 9.3 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant (for certainty, if the applicable Lender is not entitled to any payment under such sections, the Participant shall not be entitled to any payment thereunder)Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent.

Appears in 2 contracts

Samples: Credit Agreement (SSR Mining Inc.), Credit Agreement (SSR Mining Inc.)

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Rights of Participant. A Participant shall not be entitled to receive any greater payment under Sections 2.122.10, 2.132.11, 2.14 2.12 and 9.3 11.3 than the applicable Lender such Investor would have been entitled to receive with respect to the participation sold to such Participant (for certainty, if the applicable Lender is not entitled to any payment under such sections, the Participant shall not be entitled to any payment thereunder)Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Algoma Steel Group Inc.)

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