Common use of Lender Participations Clause in Contracts

Lender Participations. Each Lender may sell participations (without the consent of the Agent, the Borrowers or any other Lender) to one or more parties (other than any Person in competition with any of the Credit Parties in the same or a similar business as a Credit Party) in or to all or a portion of its rights and obligations under this Credit Agreement, the Revolving Notes and the other Credit Documents. Notwithstanding a Lender's sale of a participation interest, such Lender's obligations hereunder shall remain unchanged. The Borrowers, the Agent, and the other Lenders shall continue to deal solely and directly with such Lender. No participant shall have rights to approve any amendment or waiver of this Credit Agreement except to the extent such amendment or waiver would (i) increase the Commitment of the Lender from whom the participant purchased its participation interest; (ii) reduce the principal of, or rate or amount of interest on the Revolving Loans subject to such participation; (iii) postpone any date fixed for any payment of principal of, or interest on, the Revolving Loans subject to the participation interest; or (iv) release all or a substantial portion of the Collateral, other than in each case when otherwise permitted hereunder. Each Lender agrees that, without the prior written consent of the Borrowers and the Agent, it will not make any assignment hereunder in any manner or under any circumstances that would require registration or qualification of, or filings in respect of, any Loan, Revolving Note or other Obligation under the securities laws of the United States or of any jurisdiction.

Lender Participations. (i) Each Lender may sell participations (without the consent of the Agent, the Borrowers or any other Lender) to one or more parties (other than any Person in competition with any of the Credit Parties in the same or each, a similar business as a Credit Party“Participant”) in or to all or a portion of its rights and obligations under this Credit Agreement, the Revolving Notes and the other Credit Loan Documents. Notwithstanding a Lender's Lxxxxx’s sale of a participation interest, such Lender's Lxxxxx’s obligations hereunder shall remain unchanged. The BorrowersBorrower, the Agent, and the other Lenders shall continue to deal solely and directly with such Lender. No participant Lender shall have rights grant any Participant the right to approve any amendment or waiver of this Credit Agreement except to the extent such amendment or waiver would (i) increase the Commitment of the Lender from whom which the participant Participant purchased its participation interest; (ii) reduce the principal of, or rate or amount of interest on on, the Revolving Loans subject to such participationLoans; (iii) postpone any date fixed for any payment of principal of, or interest on, the Revolving Loans subject to the participation interest; or (iv) release of all or a substantial portion substantially all of the Collateralvalue of the Guarantees, or all or substantially all of the Collateral (other than in each case when otherwise permitted hereunder. Each Lender agrees that, without the prior written consent connection with any release of the Borrowers relevant Guarantees or Collateral permitted by this Agreement). For the avoidance of doubt, participants shall not have the right to vote on waivers of Defaults or Events of Default. To the extent permitted by applicable law, each Participant shall also be entitled to the benefits of Article III and Section 12.4 (subject to the Agentrequirements and limitations therein) as if it were a Lender, provided that such Participant agrees to be subject to the last sentence of Section 2.9(a) as if it will not make any assignment hereunder in any manner or under any circumstances that would require registration or qualification of, or filings in respect of, any Loan, Revolving Note or other Obligation under were a Lender and to comply with Section 3.2(g) by providing the securities laws of applicable forms to the United States or of any jurisdictionparticipating Lender.

Lender Participations. Each Lender may sell participations (without the consent of the Agent, the Borrowers or any other Lender) to one or more parties (other than any Person in competition with any of the Credit Parties in the same or a similar business as a Credit Party) in or to all or a portion of its rights and obligations under this Credit Agreement, the Revolving Notes and the other Credit Documents. Notwithstanding a LenderXxxxxx's sale of a participation interest, such LenderXxxxxx's obligations hereunder shall remain unchanged. The Borrowers, the Agent, and the other Lenders shall continue to deal solely and directly with such Lender. No participant shall have rights to approve any amendment or waiver of this Credit Agreement except to the extent such amendment or waiver would (i) increase the Commitment of the Lender from whom the participant purchased its participation interest; (ii) reduce the principal of, or rate or amount of interest on the Revolving Loans subject to such participation; (iii) postpone any date fixed for any payment of principal of, or interest on, the Revolving Loans subject to the participation interest; or (iv) release all or a substantial portion of the Collateral, other than in each case when otherwise permitted hereunder. Each Lender agrees that, without the prior written consent of the Borrowers and the Agent, it will not make any assignment hereunder in any manner or under any circumstances that would require registration or qualification of, or filings in respect of, any Loan, Revolving Note or other Obligation under the securities laws of the United States or of any jurisdiction.