Common use of Risk Participation Clause in Contracts

Risk Participation. 9.12.4.1 Upon the earlier of Substantial Liquidation or the Determination Date, if all Canadian Liabilities have not been repaid in full, then the Domestic Lenders shall purchase from the Canadian Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable) such portion of the Canadian Liabilities so that each Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all outstanding Canadian Liabilities and all other Obligations.

Appears in 3 contracts

Samples: Joinder and Assumption Agreement (Retail Ventures Inc), Joinder and Assumption Agreement (DSW Inc.), Credit Agreement (DSW Inc.)

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Risk Participation. 9.12.4.1 (a) Upon the earlier of Substantial Liquidation or the Determination Date, if all Canadian Liabilities have not been repaid in fullfull (other than the Other Canadian Liabilities), then the Domestic other Lenders shall purchase from the Canadian Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable) such portion of the Canadian Liabilities (other than the Other Canadian Liabilities) so that each Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all outstanding Canadian Liabilities and all other Obligations.

Appears in 1 contract

Samples: Credit Agreement (YCC Holdings LLC)

Risk Participation. 9.12.4.1 (a) Upon the earlier of Substantial Liquidation (so long as the Canadian Commitments have been terminated) or the Determination Date, if all Canadian Liabilities have not been repaid in fullin, then the Domestic Lenders shall purchase (by way of a participation) from the Canadian Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable) such portion of the Canadian Liabilities so that each Revolving Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all outstanding Canadian Liabilities and all other Obligations.

Appears in 1 contract

Samples: Credit Agreement (Restoration Hardware Holdings Inc)

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Risk Participation. 9.12.4.1 (a) Upon the earlier of Substantial Liquidation (so long as the Canadian Commitments have been terminated) or the Determination Date, if all Canadian Liabilities have not been repaid in fullin, then the Domestic Lenders shall purchase (by way of a participation) from the Canadian Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable) such portion of the Canadian Liabilities so that each Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all outstanding Canadian Liabilities and all other Obligations.

Appears in 1 contract

Samples: Credit Agreement (Restoration Hardware Holdings Inc)

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