Common use of Bank Assignments Participations Clause in Contracts

Bank Assignments Participations. A. Assignment/Transfer of Commitments. Each Bank shall have the right at any time or times to assign or transfer to another Eligible Assignee, without recourse, all or a portion of (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's Notes, and (d) that Bank's participation purchased pursuant to Section 7.04; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 2 contracts

Samples: Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp)

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Bank Assignments Participations. A. Assignment/Transfer of Commitments. Commitments Each Bank shall have the right at any time or times to assign or transfer to another Eligible Assigneefinancial institution, without recourse, all or a portion percentage of all of the following (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's NotesNote, and (d) that Bank's participations in Letters of Credit and any participation purchased pursuant to Section 7.048.5; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 1 contract

Samples: Credit Agreement (Amcast Industrial Corp)

Bank Assignments Participations. A. Assignment/Transfer of Commitments. Each Bank shall have the right at any time or times to assign or transfer to another Eligible Assignee, without recourse, all or a portion of (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's Notes, and (d) that Bank's participations in Letters of Credit and that Bank's participation purchased pursuant to Section 7.04; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 1 contract

Samples: Loan Agreement (Tuscarora Inc)

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Bank Assignments Participations. A. Assignment/Transfer of Commitments. Each Bank shall have the right at any time or times to assign or transfer to another Eligible Assigneefinancial institution, without recourse, all or a portion percentage of all of the following (a) that Bank's Commitment, (b) all Loans made by that Bank, (c) that Bank's NotesNote, and (d) that Bank's participations in Letters of Credit and any participation purchased pursuant to Section 7.048.5; provided, however, in each such case, that the transferor and the transferee shall have complied with the following requirements:

Appears in 1 contract

Samples: Credit Agreement (Amcast Industrial Corp)

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