Participant Commitment. In respect of each Funded Participation, subject to compliance by the Participant with its obligations under that Funded Participation, on and after the Closing Date the Grantor shall not: (a) (other than pursuant to Clause 15) sell, transfer or otherwise dispose of; (b) create any Encumbrance; or (c) agree to take any actions set out in paragraph (a) or (b) above, in respect of the relevant Participation Commitment other than in favour of the Participant.
Appears in 3 contracts
Sources: Master Funded Sub Participation Agreement, Master Funded Sub Participation Agreement (Feinberg Stephen), Master Funded Sub Participation Agreement (HSH Nordbank AG)
Participant Commitment. In respect of each Funded Participation, subject to Subject to: compliance by the Participant with its obligations under that the Funded Participation, on and after the Closing Participation EffectiveSettlement Date the Grantor shall not:
(a) 4.7.14.6.1 (other than pursuant to Clause 1515 (Termination) or Clause 19 (Elevation)) sell, transfer or otherwise dispose of;
(b) create any Encumbrance; or
(c) agree to take any actions set out in paragraph (a) or (b) above, in respect of the relevant Participation Commitment other than in favour of the Participant.
Appears in 1 contract
Sources: Funded Participation Agreement