Each Participant definition

Each Participant s Share Award Account shall record the number of Shares and fractions thereof credited to such Share Award Account as a Plan Payout and the date as of which each such Plan Payout was made.

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Each Participant. The physical address, telefax number and electronic address from time to time reflected as being his address, telefax number and/or electronic address in the Employer Company's relevant system from time to time.

Each Participant s interest in the "stock fund" shall be measured either in actual shares of "Employer stock" that are allocated to the Participant's Account and a proportionate interest in all other assets of the "stock fund" or units of participation, as provided in the Service Agreement. If accounting is by units of participation, such units shall represent a proportionate interest in all assets of the "stock fund," which includes shares of "Employer stock", short-term investments and at times, receivables for dividends and/or "Employer stock" sold and payables for "Employer stock" purchased. A net asset value per unit shall be determined daily for each cash unit outstanding of the "stock fund". The return earned by the "stock fund" shall represent a combination of the dividends paid on the shares of "Employer stock" held by the "stock fund", gains or losses realized on sales of "Employer stock", appreciation or depreciation in the market price of those shares owned, and interest on the short-term investments held by the "stock fund". Dividends received by the "stock fund" are reinvested in additional shares of "Employer Stock". Investments in "Employer Stock" shall be subject to the following limitations:

Examples of Each Participant in a sentence

• Each Participant shall have a right of set-off in respect of its participating interest to the same extent as if such interest were owing directly to a Lender, and each Lender shall also retain the right of set-off with respect to any participating interests sold by it.

• Each Participant that is a state or national bank represents and warrants that the act of entering into and performing its obligations under this Agreement has been approved by its board of directors or its loan committee and such action was duly noted in the written minutes of the meeting of such board or committee, and that it will, if requested to do so by Administrative Agent, furnish Administrative Agent with a certified copy of such minutes or an excerpt therefrom reflecting such approval.

• Each Participant represents and warrants that it has obtained such information as it deems necessary (including any information such Participant independently obtained from Borrower or others) prior to making its decision to acquire a Participant Share in the Loan.

• Each Participant represents that it has acquired and is retaining its Participant Share for its own account in the ordinary course of its banking or other commercial lending business, or as part of such Participant’s individual investment portfolio, and not with a view to the sale or distribution thereof.

• Each Participant hereby agrees and stipulates that none of the aforenamed parties is acting as trustee for such Participant with respect to the Loan, this Agreement, or any aspect of either, or in any other respect.

• Each Participant further agrees and represents that it has made its own independent analysis and appraisal of, and investigation into, the Borrower’s authority, business, operations, financial and other condition, creditworthiness, and ability to perform its obligations under the Loan Documents and has relied on such review in making its decision to acquire an Participant Share in the Loan.

• Each Participant agrees and represents that in making its decision to acquire a Participant Share independently and without reliance on Administrative Agent-Servicer, it has relied upon its independent review of (a) the Loan Documents, and (b) any information regarding Borrower that it has obtained independently and without reliance on the Administrative Agent-Servicer.

• Each Participant may appoint one or more alternates to act in the absence of a regular member.

• Each Participant agrees to be subject to the provisions of Section 2.19 as if it were an assignee under paragraph (b) of this Section 9.04.

• Each Participant shall have the status of a general creditor of the Company with respect to amounts due, if any, under this Agreement.

More Definitions of Each Participant

Each Participant s (including Bank of America) obligation under the Loan shall be limited to its interest in the Loan. Each Participant shall become a Participant upon execution by both such Participant and Bank of America, and delivery to Bank of America, of an Assignment and Assumption Certificate in the form of Exhibit Q - 2 attached. Exhibit A-1 and Exhibit Q - 2 attached hereto, are hereby added to the Agreement.

Each Participant bears the risk of the other's default in making Delivery or taking Delivery;