Sales or Participations. TCA may from time to time sell or assign the Debentures, in whole or in part, or grant participations in the Debentures and/or the obligations evidenced thereby without the consent of AQLV or Guarantor, provided, however, TCA shall provide written notice to AQLV and Guarantor of any such assignment or grant of participations. The holder of any such sale, assignment or participation, if the applicable agreement between TCA and such holder so provides, shall be: (a) entitled to all of the rights, obligations and benefits of TCA (to the extent of such holder’s interest or participation); and (b) deemed to hold and may exercise the rights of setoff or banker’s lien with respect to any and all obligations of such holder to Guarantor (to the extent of such holder’s interest or participation), in each case as fully as though Guarantor was directly indebted to such holder. TCA may in its discretion give notice to Guarantor of such sale, assignment or participation; however, the failure to give such notice shall not affect any of TCA’s or such holder’s rights hereunder.
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Samples: Guaranty Agreement (Aqualiv Technologies, Inc.), Guaranty Agreement (Aqualiv Technologies, Inc.)
Sales or Participations. TCA may from time to time sell or assign the DebenturesNote, in whole or in part, or grant participations in the Debentures Note and/or the obligations evidenced thereby without the consent of AQLV RXMD or Guarantor, provided, however, TCA shall provide written notice to AQLV RXMD and Guarantor of any such assignment or grant of participations. The holder of any such sale, assignment or participation, if the applicable agreement between TCA and such holder so provides, shall be: (a) entitled to all of the rights, obligations and benefits of TCA (to the extent of such holder’s interest or participation); and (b) deemed to hold and may exercise the rights of setoff or banker’s lien with respect to any and all obligations of such holder to Guarantor (to the extent of such holder’s interest or participation), in each case as fully as though Guarantor was directly indebted to such holder. TCA may in its discretion give notice to Guarantor of such sale, assignment or participation; however, the failure to give such notice shall not affect any of TCA’s or such holder’s rights hereunder.
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Sales or Participations. TCA may from time to time sell or assign the DebenturesNote, in whole or in part, or grant participations in the Debentures Note and/or the obligations evidenced thereby without the consent of AQLV MHCC or any Guarantor, provided, however, TCA shall provide written notice to AQLV MH CC and Guarantor Guarantors of any such assignment or grant of participations. The holder of any such sale, assignment or participation, if the applicable agreement between TCA and such holder so provides, shall be: (a) entitled to all of the rights, obligations and benefits of TCA (to the extent of such holder’s 's interest or participation); and (b) deemed to hold and may exercise the rights of setoff or banker’s banker 's lien with respect to any and all obligations of such holder to Guarantor Guarantors (to the extent of such holder’s 's interest or participation), in each case as fully as though Guarantor was Guarantors were directly indebted to such holder. TCA may in its discretion give notice to Guarantor Guarantors of such sale, assignment or participation; however, the failure to give such notice shall not affect any of TCA’s TCA 's or such holder’s holder 's rights hereunder.
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