Common use of Sale or Transfer Clause in Contracts

Sale or Transfer. If a Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Loan Parties to such Lender or Participant, such Lender or Participant agrees to notify the Administrative Agent (or, in the case of a sale of a participation interest, the Lender granting the participation) of the percentage amount in which it is no longer the beneficial owner of Obligations of Loan Parties to such Lender. To the extent of such percentage amount, the Administrative Agent will treat such Lender’s or such Participant’s documentation provided pursuant to subsections (d) or (e) of this Section 3.01 as no longer valid. With respect to such percentage amount, such Participant or Assignee may provide new documentation, pursuant to subsections (d) or (e) of this Section 3.01, as applicable.

Sale or Transfer. If a Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender Lender, or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Loan Parties to such Lender or Participant, such Lender or Participant agrees to notify the Administrative Agent (or, in the case of a sale of a participation interest, the Lender granting the participation) of the percentage amount in which it is no longer the beneficial owner of Obligations of Loan Parties to such LenderLender or Participant. To the extent of such percentage amount, the Administrative Agent will treat such Lender’s or such Participant’s documentation provided pursuant to subsections (de), (f) or (eg) of this Section 3.01 as no longer valid. With respect to such percentage amount, such Participant or Assignee assignee may provide new documentation, pursuant to subsections (de), (f) or (eg) of this Section 3.01, as applicable.

Sale or Transfer. If a Lender or Participant claims exemption from, or reduction of, withholding tax and such Lender Lender, or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Loan Parties to such Lender or Participant, such Lender or Participant agrees to notify the Administrative Agent (or, in the case of a sale of a participation interest, the Lender granting the participation) of the percentage amount in which it is no longer the beneficial owner of Obligations of Loan Parties to such LenderLender or Participant. To the extent of such percentage amount, the Administrative Agent will treat such Lender’s or such Participant’s documentation provided pursuant to subsections (de) or (ef) of this Section 3.01 as no longer valid. With respect to such percentage amount, such Participant or Assignee assignee may provide new documentation, pursuant to subsections (de) or (ef) of this Section 3.01, as applicable.