Common use of or Section 2 Clause in Contracts

or Section 2. 06 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided such Participant agrees to be subject to Section 2.07(c) as though it were a Lender.

Appears in 3 contracts

Sources: Letter of Credit Agreement, Letter of Credit Agreement (NuStar Energy L.P.), Letter of Credit Agreement (NuStar Energy L.P.)

or Section 2. 06 05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided such Participant agrees to be subject to Section 2.07(c2.06(c) as though it were a Lender.

Appears in 1 contract

Sources: Letter of Credit Agreement (NuStar Energy L.P.)