Permitted Participant definition
Examples of Permitted Participant in a sentence
The Term C Lender and the Permitted Participant shall have entered into a participation agreement in form and substance satisfactory to the parties thereto.
FNBO may, at its sole election, participate its respective interest in the Note to a Permitted Participant; PROVIDED, HOWEVER, that the rights of any Permitted Participant shall be enforceable solely by FNBO from whom its participation interest was granted.
Upon the request of any Lender or the Permitted Participant, through the Agent, the Borrower will provide copies of all federal, state and local tax returns and reports filed by the Borrower or any of its Subsidiaries in respect of taxes measured by income (excluding sales, use and like taxes).
The Agent agrees to give to each Lender, the Permitted Participant and the Government Guarantor prompt notice of each notice given to it by any Loan Party pursuant to the terms of this Agreement or the other Loan Documents.
The Lender or the Permitted Participant making demand for such compensation shall deliver to the Borrower concurrently with such demand a written statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to that Lender or the Permitted Participant, as the case may be, absent manifest error.