Common use of Sub-participations Clause in Contracts

Sub-participations. No Lender shall be required to notify any other Party of a sub-participation of its rights and interests hereunder provided that nothing in this Clause 23.9 (Sub-Participations) gives any sub-participant any rights against any Borrower or Guarantor. No Borrower shall be liable to pay any additional amounts under Clause 14.2 (Increased Costs) or Clause 15.5 (Withholdings) arising as a direct consequence of any such sub-participation.

Appears in 1 contract

Samples: Revolving Credit Facilities Agreement (WPP PLC)

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Sub-participations. No The Lender shall not be required to notify any other Party party to this Agreement of a sub-participation of its rights and interests hereunder provided that nothing in this Clause 23.9 (Sub-Participations) clause 17.8 gives any sub-participant any rights against any the Borrower or Guarantor. No The Borrower shall not be liable to pay any additional amounts under Clause 14.2 (Increased Costs) clause 10.2 or Clause 15.5 (Withholdings) clause 11.3 arising as a direct consequence of any such sub-participation.

Appears in 1 contract

Samples: Revolving Facility Agreement (WPP Group PLC)

Sub-participations. No Lender shall be required to notify any other Party party to this Agreement of a sub-participation of its rights and interests hereunder provided that nothing in this Clause 23.9 (Sub-Participations) clause 20.8 gives any sub-participant any rights against any Borrower or the Guarantor. No Borrower shall be liable to pay any additional amounts under Clause 14.2 (Increased Costs) clause 12.2 or Clause 15.5 (Withholdings) clause 13.3 arising as a direct consequence of any such sub-participation.

Appears in 1 contract

Samples: Revolving Credit Facility and Term Out Facility Agreement (WPP Group PLC)

Sub-participations. No Lender shall be required to notify any other Party party to this Agreement of a sub-participation of its rights and interests hereunder provided that nothing in this Clause 23.9 23.10 (Sub-Participations) gives any sub-participant any rights against any Borrower or the Guarantor. No Borrower shall be liable to pay any additional amounts under Clause 14.2 (Increased Costs) or Clause 15.5 15.3 (Withholdings) arising as a direct consequence of any such sub-participation.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (WPP Group PLC)

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Sub-participations. No Lender shall be required to notify any other Party party to this Agreement of a sub-participation of its rights and interests hereunder provided that nothing in this Clause 23.9 (Sub-Participations) clause 20.8 gives any sub-participant any rights against any Borrower or Guarantor. No Borrower shall be liable to pay any additional amounts under Clause 14.2 (Increased Costs) clause 12.2 or Clause 15.5 (Withholdings) clause 13.3 arising as a direct consequence of any such sub-participation.

Appears in 1 contract

Samples: Revolving Facility Agreement (WPP Group PLC)

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