Common use of Sale of Participations Clause in Contracts

Sale of Participations. Each Bank shall have the right at any time or times to sell one or more participations or subparticipations to a financial institution in all or any part of: such Bank's Revolving Credit Commitment; any Loan made by such Bank; any Revolving Credit Note executed in favor of such Bank, and any participations, if any, purchased by such Bank pursuant to Section 0 of this Agreement or this Section 0; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 2 contracts

Samples: Credit Agreement (Om Group Inc), Credit Agreement (Om Group Inc)

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Sale of Participations. Each Bank shall have the right at any time or times to sell one or more participations or subparticipations to a financial institution in all or any part of: such Bank's Revolving Credit Commitment; any Loan obligation to participate in Letters of Credit; any Advance made by such Bank; any Revolving Credit Note executed in favor of such Bank, and any participations, if any, purchased by such Bank pursuant to Section 0 2.17 or 2.18 of this Agreement or this Section 011; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 1 contract

Samples: Credit and Security Agreement (Erico Products Inc)

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Sale of Participations. Each Bank shall have the right at any time or times to sell one or more participations or subparticipations to a financial institution in all or or, if less than all, any part constant fixed percentage of: such Bank's Revolving Credit Commitment; Commitments, any Loan made by such Bank; , any Revolving Credit Note executed in favor of such Bank, any participation by such Bank in a Letter of Credit and any participations, if any, purchased by such Bank pursuant to Section 0 9.12 of this Agreement or this Section 012; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 1 contract

Samples: Credit and Security Agreement (Instron Lawrence Corp)

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