Common use of Sale of Participations Clause in Contracts

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participations, if any, purchased pursuant to Section 8.4 or this Section 10.

Appears in 2 contracts

Samples: Credit Agreement (Park Ohio Industries Inc/Oh), Credit Agreement (Park Ohio Holdings Corp)

AutoNDA by SimpleDocs

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participations, if any, purchased pursuant to Section 8.4 or this Section 10.10.11B.

Appears in 1 contract

Samples: Credit Agreement (Park Ohio Industries Inc)

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, and (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participationsany participation, if any, purchased pursuant to subpart 2 of Section 8.4 2.1A or Section 8.5 hereof or this Section 10.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Steris Corp)

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participationsinterest in any Letter of Credit and any participation, if any, purchased pursuant to Section 8.4 2.1B or 8.5 hereof or this Section 10.67

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Applied Industrial Technologies Inc)

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or BorrowerBorrowers, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participationsinterest in any Letter of Credit and any participation, if any, purchased pursuant to Section 8.4 2.1A or 9.5 hereof or this Section 1011.

Appears in 1 contract

Samples: Credit and Security Agreement (Res Care Inc /Ky/)

Sale of Participations. Each Bank shall have the right at any time or times, upon notice to, but without the consent of Agents of, Agent or Borrower, to sell one or more participations or sub-participations subparticipations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participations, if any, purchased pursuant to Section 8.4 or this Section 10.

Appears in 1 contract

Samples: Credit Agreement (Timken Co)

AutoNDA by SimpleDocs

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participationsinterest in any participation, if any, purchased pursuant to subpart 2 of Section 2.1A or Section 8.4 hereof or this Section 10.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Nordson Corp)

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's CommitmentTerm Loan Commitment Amount, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any the Note delivered to that Bank pursuant to this Agreement, and (ec) that Bank's participationsany participation, if any, purchased pursuant to Section 8.4 hereof or this Section 10.

Appears in 1 contract

Samples: Assignment Agreement (Oglebay Norton Co /New/)

Sale of Participations. Each Bank shall have the right at any time or times, without the consent of Agents Agent or Borrower, to sell one or more participations or sub-participations to a financial institution, as the case may be, in all or any part of (a) that Bank's Commitment, (b) that Bank's Commitment Percentage, (c) any Loan made by that Bank, (d) any Note delivered to that Bank pursuant to this Agreement, and (e) that Bank's participations, if any, purchased pursuant to Section 8.4 or this Section 10.10.11B.

Appears in 1 contract

Samples: Credit Agreement (Amcast Industrial Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.