Common use of Sub-Participations Clause in Contracts

Sub-Participations. Nothing in this Clause 6.9 shall, or shall be deemed to, prevent any Lender from selling any participation or similar interest in its Commitment or Loans and the Borrower hereby acknowledges and agrees that in connection with any such sale, the seller of any such participation shall be entitled to claim under the provisions of Clauses 7.2, 7.3, 7.4, 7.5, 17.4, 17.7, 18.3 and 18.4 of the Common Terms Agreement on behalf of the purchaser of any such participation as if such purchaser was named as a Lender in such provisions (but in no event shall such seller be entitled to claim any amount on behalf of any such purchaser under any such provision which is in excess of the amount which such seller would then be entitled to claim under such provision in respect of the portion of its Commitments or Loans so participated); provided, however, that:

Appears in 2 contracts

Samples: Agreement (Bema Gold Corp /Can/), Agreement (Bema Gold Corp /Can/)

AutoNDA by SimpleDocs

Sub-Participations. Nothing in this Clause 6.9 14.11 shall, or shall be deemed to, prevent any Lender from selling any participation or similar interest in its Commitment or Loans and the Borrower hereby acknowledges and agrees that in connection with any such sale, the seller of any such participation shall be entitled to claim under the provisions of Clauses 7.2Clause 5.2, 7.35.3, 7.45.4, 7.55.5, 17.413.2, 17.713.5, 18.3 14.3 and 18.4 of the Common Terms Agreement 14.4 on behalf of the purchaser of any such participation as if such purchaser was named as a Lender in such provisions (but in no event shall such seller be entitled to claim any amount on behalf of any such purchaser under any such provision which is in excess of the amount which such seller would then be entitled to claim under such provision in respect of the portion of its Commitments or Loans so participated); providedPROVIDED, howeverHOWEVER, that:

Appears in 1 contract

Samples: Execution (Randgold Resources LTD)

Sub-Participations. Nothing in this Clause 6.9 11 shall, or shall be deemed to, prevent any Lender from selling any participation or similar interest in its Commitment or Loans and the Borrower Obligors hereby acknowledges acknowledge and agrees agree that in connection with any such sale, the seller of any such participation shall be entitled to claim under the provisions of Clauses 7.2Clause 5.2, 7.35.3, 7.45.4, 7.55.5, 17.45.6, 17.75.8, 18.3 5.9, 5.11(b), 11.3 and 18.4 of the Common Terms Agreement 11.4 hereof on behalf of the purchaser of any such participation as if such purchaser was named as a Lender in such provisions (but in no event shall such seller be entitled to claim any amount on behalf of any such purchaser under any such provision which is in excess of the amount which such seller would then be entitled to claim under such provision in respect of the portion of its Commitments or Loans so participated); provided, however, that:

Appears in 1 contract

Samples: Supplemental Agreement (Randgold Resources LTD)

AutoNDA by SimpleDocs

Sub-Participations. Nothing in this Clause 6.9 10.11 shall, or shall be deemed to, prevent any Lender from selling any participation or similar interest in its Commitment or Loans and the Borrower hereby acknowledges and agrees that in connection with any such sale, the seller of any such participation shall be entitled to claim under the provisions of Clauses 7.2Clause 4.2, 7.34.3, 7.44.4, 7.54.5, 17.44.8, 17.7, 18.3 4.11 10.3 and 18.4 of the Common Terms Agreement 10.4 hereof on behalf of the purchaser of any such participation as if such purchaser was named as a Lender in such provisions (but in no event shall such seller be entitled to claim any amount on behalf of any such purchaser under any such provision which is in excess of the amount which such seller would then be entitled to claim under such provision in respect of the portion of its Commitments or Loans so participated); providedPROVIDED, howeverHOWEVER, that:

Appears in 1 contract

Samples: Loan Agreement (Randgold Resources LTD)

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