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

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender is an Affiliate of any Borrower, then any such assignee Lender shall have no right to vote as a Lender 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 Article X, and the determination of the Required Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Lender’s interest in any of the Commitments or Loans. If any Lender sells a participating interest in any of the Commitments or Loans to a participant, and such participant is a Borrower or an Affiliate of a Borrower, then such transferor Lender shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender shall have no right to vote as a Lender hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X to the extent that such participation is beneficially owned by a Borrower or any Affiliate of a Borrower, and the determination of the Required Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender in the Loans or Commitments to the extent of such participation.

Appears in 1 contract

Samples: Credit Agreement (Famous Daves of America Inc)

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ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender Bank is an Affiliate of any Borrower, then any such assignee Lender Bank shall have no right to vote as a Lender 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 Article XSection 14.1 or Section 14.2, and the determination of the Required Lenders Majority Banks shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to such assignee Lender’s Bank's interest in any of the Commitments or Revolving Credit Loans. If any Lender Bank sells a participating interest in any of the Commitments Revolving Credit Loans or Loans Reimbursement Obligations or Bankers' Acceptances to a participant, and such participant is a Borrower or an Affiliate of a any Borrower, then such transferor Lender Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender Bank shall have no right to vote as a Lender 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 modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X Section 14.1 or Section 14.2 to the extent that such participation is beneficially owned by a any Borrower or any Affiliate of a any Borrower, and the determination of the Required Lenders Majority Banks shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender Bank in the Revolving Credit Loans or Commitments to the extent of such participation.

Appears in 1 contract

Samples: Revolving Credit Agreement (Flextronics International LTD)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender Bank is an Affiliate affiliate of any Borrowerthe Borrowers, then any such assignee Lender Bank shall have no right to vote as a Lender 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 Article XSection 10, and the determination of the Required Lenders Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Lender’s Bank's interest in any of the Commitments or LoansObligations. If any Lender Bank sells a participating interest in any of the Commitments Obligations or Loans Reimbursement Obligations to a participant, and such participant is a Borrower one of the Borrowers or an Affiliate of a Borrowerone of the Borrowers, then such transferor Lender Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender Bank shall have no right to vote as a Lender 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 modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X Section 10 to the extent that such participation is beneficially owned by a Borrower any of the Borrowers or any Affiliate of a Borrowerany of the Borrowers, and the determination of the Required Lenders Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender Bank in the Loans or Commitments Obligations to the extent of such participation.

Appears in 1 contract

Samples: Stock Pledge Agreement (Metallurg Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any ----------------------------------------------------- assignee Lender is an Affiliate of any Borrowerthe Borrowers, then any such assignee Lender shall have no right to vote as a Lender 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 Article X(S)16.1 or (S)16.2, and the determination of the Required Majority Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Lender’s 's interest in any of the Commitments or Loans. If any Lender sells a participating interest in any of the Commitments Loans or Loans Reimbursement Obligations to a participant, and such participant is a Borrower or an Affiliate of a Borrower, then such transferor Lender shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender shall have no right to vote as a Lender hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X (S)16.1 or (S)16.2 to the extent that such participation is beneficially owned by a Borrower or any Affiliate of a Borrower, and the determination of the Required Majority Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender in the Loans or Commitments to the extent of such participation.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (United States Filter Corp)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender Bank is an Affiliate of any Borrowerof the Borrowers, then any such assignee Lender Bank shall have no right to vote as a Lender 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 Article XSection 13.1 or Section 13.2, and the determination of the Required Lenders Majority Banks shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to such assignee Lender’s Bank's interest in any of the Commitments Loans or LoansReimbursement Obligations. If any Lender Bank sells a participating interest in any of the Commitments Loans or Loans Reimbursement Obligations to a participant, and such participant is a Borrower or an Affiliate of a Borrowerany of the Borrowers, then such transferor Lender Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender Bank shall have no right to vote as a Lender 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 modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X Section 13.1 or Section 13.2 to the extent that such participation is beneficially owned by a Borrower the Borrowers or any Affiliate of a the Borrower, and the determination of the Required Lenders Majority Banks shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender Bank in the Loans or Commitments Reimbursement Obligations to the extent of such participation.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

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ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender is an Affiliate of any Borrowerthe Borrowers, then any such assignee Lender shall have no right to vote as a Lender 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 Article X§11, and the determination of the Required Lenders shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to such assignee Lender’s interest in any of the Commitments or LoansReimbursement Obligations. If any Lender sells a participating interest in any of the Commitments or Loans Reimbursement Obligations to a participantParticipant, and such participant Participant is a Borrower or an Affiliate of a Borrowerthe Borrowers, then such transferor Lender shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender shall have no right to vote as a Lender hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X §11 to the extent that such participation is beneficially owned by a Borrower or any Affiliate of a Borrower, and the determination of the Required Lenders shall for all purposes of this Credit Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender in the Loans or Commitments Reimbursement Obligations to the extent of such participation.

Appears in 1 contract

Samples: Credit Agreement (Montpelier Re Holdings LTD)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender Bank is an Affiliate of any Borrowerthe Borrowers, then any such assignee Lender Bank shall have no right to vote as a Lender 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 Article X/section/12.1 or /section/12.2, and the determination of the Required Lenders Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Lender’s Bank's interest in any of the Commitments or Loans. If any Lender Bank sells a participating interest in any of the Commitments or Loans to a participant, and such participant is a any Borrower or an Affiliate of a any Borrower, then such transferor Lender Bank shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender Bank shall have no right to vote as a Lender 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 modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X /section/12.1 or /section/12.2 to the extent that such participation is beneficially owned by a any Borrower or any Affiliate of a such Borrower, and the determination of the Required Lenders Majority Banks shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender Bank in the Loans or Commitments to the extent of such participation.

Appears in 1 contract

Samples: Credit Agreement (Xomed Surgical Products Inc)

ASSIGNEE OR PARTICIPANT AFFILIATED WITH THE BORROWERS. If any assignee Lender is an Affiliate of any Borrowerthe Borrowers, then any such assignee Lender shall have no right to vote as a Lender 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 Article XSection 15.1 or Section 15.2, and the determination of the Required Majority Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to such assignee Lender’s 's interest in any of the Commitments or Loans. If any Lender sells a participating interest in any of the Commitments Loans or Loans Reimbursement Obligations or Bankers' Acceptances to a participant, and such participant is a Borrower or an Affiliate of a Borrowerthe Borrowers, then such transferor Lender shall promptly notify the Administrative Agent of the sale of such participation. A transferor Lender shall have no right to vote as a Lender hereunder or under any of the other Loan Documents for purposes of granting consents or waivers or for purposes of agreeing to amendments or modifications to any of the Loan Documents or for purposes of making requests to the Administrative Agent pursuant to Article X Section 15.1 or Section 15.2 to the extent that such participation is beneficially owned by a Borrower or any Affiliate of a Borrowerthe Borrowers, and the determination of the Required Majority Lenders shall for all purposes of this Agreement and the other Loan Documents be made without regard to the interest of such transferor Lender in the Loans or Commitments Bankers' Acceptances to the extent of such participation.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)

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