Common use of No Delegation Clause in Contracts

No Delegation. No participation or sub-participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller's obligations pursuant to this Agreement.

Appears in 12 contracts

Sources: Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp), Loan Agreement (Matthews International Corp)

No Delegation. No participation or sub-participation subparticipation shall operate as a delegation of any duty of the seller thereof. Under no circumstances circumstance shall any participation or sub-participation subparticipation be deemed a novation in respect of all or any part of the seller's obligations pursuant to this Agreement.

Appears in 7 contracts

Sources: Credit Agreement (Om Group Inc), Mortgage Loan Agreement (Officemax Inc /Oh/), Credit and Security Agreement (Curtis Sub Inc)

No Delegation. No participation or sub-participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller's ’s obligations pursuant to this Agreement.

Appears in 5 contracts

Sources: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Azz Inc), Credit and Security Agreement (Bausch Health Companies Inc.)

No Delegation. No participation or sub-participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances circumstance shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller's obligations pursuant to this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Amcast Industrial Corp), Credit Agreement (Park Ohio Industries Inc), Credit Agreement (Amcast Industrial Corp)

No Delegation. No participation or sub-participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller's ’s obligations pursuant to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Baker Michael Corp)

No Delegation. No participation or sub-participation shall operate as a delegation of any duty of the seller thereof. Under no circumstances shall any participation or sub-participation be deemed a novation in respect of all or any part of the seller's seller‘s obligations pursuant to this Agreement.

Appears in 1 contract

Sources: Credit and Security Agreement (Bausch Health Companies Inc.)