Common use of Sale of Participations Clause in Contracts

Sale of Participations. No Lender may sell participations in its Loans to any other Person; provided, however, any Lender may sell such participations as it may be required to do under any applicable Law or as otherwise instructed to do so by any Governmental Authority.

Appears in 3 contracts

Samples: Credit Facilities Agreement (MTM Technologies, Inc.), Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc)

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Sale of Participations. No Lender may sell participations in its Loans to any other Person; provided, however, any Lender may sell such participations as it may be required to do under any applicable Law or as otherwise instructed to do so by any Governmental Authoritygovernmental authority.

Appears in 1 contract

Samples: Loan and Security Agreement (Western Power & Equipment Corp)

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