Common use of Participating Lender Clause in Contracts

Participating Lender. The Borrowers understand that although the Notes and the other Loan Documents name the Bank as the holder thereof, the Bank may from time to time sell one or more participation interests in the Loans to one or more other financial institutions. The Borrowers agree that, subject to the terms of the agreements of participation, each participating lender will be entitled to rely on the terms of this Agreement and the other Loan Documents as fully as if such participating lender had been named as the holder of the applicable Note and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

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Participating Lender. The Borrowers understand that although the Notes -------------------- Revolving Note and the other Loan Documents name the Bank as the holder thereof, the Bank may from time to time sell one or more participation interests in the Loans to one or more other financial institutions. The Borrowers agree that, subject to the terms of the agreements of participation, each participating lender will be entitled to rely on the terms of this Agreement and the other Loan Documents as fully as if such participating lender had been named as the holder of the applicable Note and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Participating Lender. The Borrowers understand that although the Notes -------------------- and the other Loan Documents name the Bank as the holder thereof, the Bank may from time to time sell one or more participation interests in the Loans Notes to one or more other financial institutions. The Borrowers agree that, subject to the terms of the agreements of participation, each participating lender will be entitled to rely on the terms of this Agreement and the other Loan Documents as fully as if such participating lender had been named as the holder of the applicable Note and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

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Participating Lender. The Borrowers understand that Borrower understands that, although the Notes Revolving Note and the other Loan Documents name the Bank as the holder thereof, the Bank may from time to time sell one or more participation interests in the Loans Revolving Loan to one or more other financial institutions. The Borrowers agree Borrower agrees that, subject to the terms of the agreements of participation, each participating lender will be entitled to rely on the terms of this Agreement and the other Loan Documents as fully as if such participating lender had been named as the holder of the applicable Revolving Note and the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Beard Co /Ok)

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