Common use of ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER Clause in Contracts

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.1

Appears in 4 contracts

Samples: Revolving Credit Agreement (National Auto Finance Co Inc), Revolving Credit Agreement (Provant Inc), Revolving Credit Agreement (Freedom Securities Corp /De/)

AutoNDA by SimpleDocs

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to ss.12.1ss.16.1

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Hvide Marine Inc), Revolving Credit and Term Loan Agreement (Hvide Marine Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.1for

Appears in 1 contract

Samples: Revolving Credit Agreement (Stage Stores Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee ---------------------------------------------------- Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.1ss.13.1 or ss.13.2, and the determination of the Majority Banks shall for all purposes of this Credit Agreement and the

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.176 -69-

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to ss.12.1ss.13.1 and the determination of the Majority Banks shall for all purposes of this

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

AutoNDA by SimpleDocs

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee ---------------------------------------------------- Bank is an Affiliate of the Borrower, then any such assignee Bank or Acceding Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.1of

Appears in 1 contract

Samples: Term Loan Agreement (Fairfield Communities Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent pursuant to ss.12.1ss.14.1 or ss.14.2, and the determination of the Majority Banks shall for all purposes of this Agreement

Appears in 1 contract

Samples: Credit Agreement (HPSC Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWER. If any ---------------------------------------------------- assignee Bank is an Affiliate of the Borrower, then any such assignee Bank shall have no right to vote as a Bank hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or other modifications to any of the Loan Documents or for purposes of making requests to the Agent Agents pursuant to ss.12.1to

Appears in 1 contract

Samples: Revolving Credit Agreement (California Steel Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.