Common use of Bank Assignments Participations Clause in Contracts

Bank Assignments Participations. A. Assignment/Transfer of Commitments Each Bank shall have the right at any time or times to assign or transfer to another financial institution, without recourse, all or a percentage of all of the following (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's Note, and (d) that Bank's participations in Letters of Credit and any participation purchased pursuant to Section 8.5; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Bank Assignments Participations. A. Assignment/Transfer of Commitments Commitments. Each Bank shall have the right at any time or times to assign or transfer to another financial institution, without recourse, all or a percentage of all of the following (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's Note, and (d) that Bank's participations in Letters of Credit and any participation purchased pursuant to Section 8.5; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements: