Common use of Transfers; Participations Clause in Contracts

Transfers; Participations. The Lender may, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower or otherwise obtained, as the Lender determines necessary or desirable. The Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, subject to any agreements between such Transferee and the transferor to such Transferee.

Appears in 4 contracts

Samples: Credit Agreement (Midcoast Energy Resources Inc), Credit Agreement (Southwestern Eagle LLC), Credit Agreement (Domain Energy Corp)

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Transfers; Participations. The Lender may, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower and the Co-Borrowers or otherwise obtained, as the Lender determines necessary or desirable. The Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, subject to any agreements between such Transferee and the transferor to such Transferee. Notwithstanding Lender's ability to grant rights to Transferees, Borrower will continue to deal solely and directly with Lender.

Appears in 1 contract

Samples: Credit Agreement (Southern Mineral Corp)

Transfers; Participations. The Lender may, without the consent of Borrowers not to be unreasonably withheld, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the . Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower Borrowers or otherwise obtained, as the Lender determines necessary or desirable. The Each Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, ; subject to any agreements between such Transferee and the transferor to such Transferee.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Transfers; Participations. The Lender may, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower or otherwise obtained, as the Lender determines necessary or desirable. The Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, subject to . any agreements between such Transferee and the transferor to such Transferee.

Appears in 1 contract

Samples: Credit Agreement (NPC Holdings Inc)

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Transfers; Participations. The Lender may, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower and the Co- Borrowers or otherwise obtained, as the Lender determines necessary or desirable. The Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, subject to any agreements between such Transferee and the transferor to such Transferee. Notwithstanding Lender's ability to grant rights to Transferees, Borrower will continue to deal solely and directly with Lender.

Appears in 1 contract

Samples: Credit Agreement (Southern Mineral Corp)

Transfers; Participations. The Any Lender may, at any time, sell, transfer, assign, or grant participations in the Obligations or any portion thereof; and the any Lender may forward to each Transferee and prospective Transferee all documents and information relating to such Obligations, whether furnished by the Borrower or otherwise obtained, as the such Lender determines necessary or desirable. The Borrower agrees that each Transferee, regardless of the nature of any transfer to it, may exercise all rights (including, without limitation, rights of set-off) with respect to the portion of the Obligations held by it as fully as if such Transferee were the direct holder thereof, subject to any agreements between such Transferee and the transferor to such Transferee.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

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