ASSIGNMENT AND PARTICIPATION definition

ASSIGNMENT AND PARTICIPATION. This Agreement shall be binding upon and enure to the benefit of the Bank and the Borrower and their respective successors and permitted assigns. The Bank may assign or transfer its rights, benefits and obligations under the Credit Facility to any other financial institution ("ASSIGNEE") subject to the prior consent of the Borrower, which consent shall not be unreasonably withheld. After any such assignment or transfer, the term "Bank" as used in this Agreement with respect to the Credit Facility (as appropriate) shall be deemed to be the Assignee to the extent of its interest. The Bank may sell participation in the Credit Facility to any third party, provided that no such participant shall have any rights under this Agreement as against the Borrower. In assigning, transferring or participating all or any part of its rights or obligations as aforesaid, the Bank may reveal to potential Assignees or participants all or any information regarding the Borrower or the Guarantor and their Subsidiaries as the Bank deems necessary or desirable. The Borrower may not assign any of its rights under this Agreement.
View Source
ASSIGNMENT AND PARTICIPATION. Each Lender may assign, or grant participation contracts in, any and all of its rights and obligations without the consent of the Borrower.
View Source

Examples of ASSIGNMENT AND PARTICIPATION in a sentence

  • ASSIGNMENT AND PARTICIPATION...................................................................

  • ASSIGNMENT AND PARTICIPATION 83 §18.1 Conditions to Assignment by Lenders 83 §18.2 Register 84 §18.3 New Notes 84 §18.4 Participations 84 §18.5 Pledge by Lender 85 §18.6 No Assignment by Borrowers 85 §18.7 Disclosure 85 §18.8 Titled Agents 86 §18.9 Amendments to Loan Documents 86 §19.

  • ASSIGNMENT AND PARTICIPATION 119 17.1. Successors and Assigns; Conditions to Assignment 119 17.2. Register 121 TABLE OF CONTENTS (continued) 17.3. Participations 122 17.4. Miscellaneous Assignment Provisions 122 17.5. Electronic Execution of Assignments 123 18.

  • ASSIGNMENT AND PARTICIPATION................................................

  • ASSIGNMENT AND PARTICIPATION; ACCESSION.......................88 --------------------------------------- 17.

  • ASSIGNMENT AND PARTICIPATION 65 20.1. Conditions to Assignment by Bank.

  • ASSIGNMENT AND PARTICIPATION 167 Section 18.1 Conditions to Assignment by Lenders 167 Section 18.2 Register 168 Section 18.3 New Notes 168 Section 18.4 Participations 169 Section 18.5 Pledge by Lender 169 Section 18.6 No Assignment by Borrowers 170 Section 18.7 Disclosure 170 Section 18.8 Mandatory Assignment 170 Section 18.9 Amendments to Loan Documents 171 Section 18.10 Titled Agents 171 SECTION 19.

  • ASSIGNMENT AND PARTICIPATION ................................................

  • ASSIGNMENT AND PARTICIPATION.....................................

  • ASSIGNMENT AND PARTICIPATION......................................................................

Related to ASSIGNMENT AND PARTICIPATION

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee pursuant to Section 9.04(i) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-1 or any other form approved by the Administrative Agent and the Borrower.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.