Protection of Participants' Rights Sample Clauses

Protection of Participants' Rights. Such Person shall take no ---------------------------------- action, nor omit to take any action, which act or omission would substantially impair the rights of Participants in the Receivables, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the Policies and the Company Policies or except as otherwise expressly permitted by this Agreement; provided, that such Person -------- shall have no obligation to the Participants or the Administrative Agent under this paragraph (h) in respect of Receivables which become Defaulted Receivables as a result of non-payment by the Obligor with respect thereto.
Sample 1
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Protection of Participants' Rights. The Participants acknowledge that an assigning Participant’s (“Assigning Participant”) assignee may not wish to elect the same status, of an Opt-in Participant or an Opt-out Participant, as the Assigning Participant. The assignee of an Opt-in Participant (other than a Utility) may elect to become an Opt-out Participant; or the assignee of an Opt-out Participant may elect to become an Opt-in Participant. The Participants desire to accommodate such assignee elections in a manner that will: (i) not unduly restrict or interfere with an Assigning Participant’s ability to transfer or assign its rights, titles and interests in the San Xxxx Project and under this Agreement; and (ii) assure that the rights and expectations of the non-assigning Participants, as well as SJCC and the Utilities, are fully protected by providing for appropriate levels of funding of a Trust established by the assignee of the Assigning Participant.
Sample 1

Related to Protection of Participants' Rights

  • Rights of Participant The Participant shall not have the rights of a stockholder of the Company with respect the Shares represented by the Restricted Stock Units, including, without limitation, the right to vote the Shares represented by the Restricted Stock Units, unless and until such Shares have been delivered to the Participant in accordance with Paragraph 9.

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Limitations on Rights of Participants A Participant shall not be entitled to receive any greater payment under Section 2.12 or 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14(e) as though it were a Lender.

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

  • Registration Rights; Rights of Participation Except as set forth on Schedule 6(b) to the Registration Rights Agreement, the Company has not granted or agreed to grant to any Person any rights (including "piggy-back" registration rights) to have any securities of the Company registered with the Commission or any other governmental authority which has not been satisfied. Except as set forth on Schedule 6(b) to the Registration Rights Agreement, no Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the transactions contemplated by the Transaction Documents.

  • Company Not to Diminish Benefits of Rights The Company covenants and agrees that after the earlier of the Shares Acquisition Date or Distribution Date it will not, except as permitted by Section 23, Section 26 or Section 27, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights.

  • Termination by Reason of Retirement If the Grantee’s employment by the Company terminates by reason of Retirement (as defined in the Plan), the Restricted Stock Units granted hereunder shall not be forfeited but shall continue to vest and be settled in Stock to the Grantee on the same schedule as provided in Section 2 (or otherwise) as if the Grantee had continued employment through each such Vesting Date (or such other vesting event pursuant to Section 3.4 or Section 5.2).

  • Effect of Death or Disability 6.01 In the event of the death of the Executive during the Period of Employment, the legal representative of the Executive shall be entitled to the compensation provided for in paragraph 4.01 during the balance of the Period of Employment. The Period of Employment shall be deemed to have ended as of the close of business on the last day of the twelfth month following the month in which death shall have occurred but without prejudice to any other payments due in respect of the Executive's death hereunder or pursuant to any other agreements or arrangements with the Company.

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