Common use of PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES Clause in Contracts

PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) Lender and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the Debentures, or to sell all or any part of the Debentures, but any participation or sale shall not affect the rights and duties of Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the Loan shall be at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder are recorded on the books of Borrower and represented by the Agent as described in subsection (b) below.

Appears in 4 contracts

Samples: Convertible Loan Agreement (Cover All Technologies Inc), Convertible Loan Agreement (Simtek Corp), Convertible Loan Agreement (Freepcsquote Com)

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PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) Lender The Lenders and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the Debentures, or to sell all or any part of the Debentures, but any participation or sale shall not affect the rights and duties of any such Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by any Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of Borrower and represented by the Agent as described in subsection (b) below.

Appears in 3 contracts

Samples: Agreement (La Man Corporation), Loan Agreement (Lifequest Medical Inc), Convertible Loan Agreement (Laserscope)

PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) Lender The Lenders and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the Debentures, Debentures or to sell all or any part of the Debentures, Debentures but any participation or sale shall not affect the rights and duties of any such Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by any Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of Borrower and represented by the Agent as described in subsection (b) below.

Appears in 1 contract

Samples: Convertible Loan Agreement (Newcare Health Corp)

PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) The Lender and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the Debentures, or to sell all or any part of the Debentures, but any participation or sale shall not affect the rights and duties of such Lender or the Agent hereunder vis-a-vis vis-++-vis Borrower. In the event that all or any portion of the Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of the Borrower and represented by the Lender's Agent as described in subsection (b) below.

Appears in 1 contract

Samples: Convertible Loan Agreement (Jakks Pacific Inc)

PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) The Lender and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the Debentures, or to sell all or any part of the Debentures, but any participation or sale shall not affect the rights and duties of such Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of the Borrower and represented by the Lender's Agent as described in subsection (b) below.

Appears in 1 contract

Samples: Convertible Loan Agreement (Integrated Security Systems Inc)

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PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) Lender The Lenders and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates with respect to the DebenturesDebentures or its affiliates, or to sell all or any part of the Debentures, but any participation or sale shall not affect the rights and duties of any such Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by any Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority AGREEMENT (CONTINUED) in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of the Borrower and represented by the Agent as described in subsection (b) below.

Appears in 1 contract

Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)

PARTICIPATIONS AND ASSIGNMENTS OF THE DEBENTURES. (a) The Lender and the Agent shall have the right to enter into a participation agreement with any other party or its Affiliates Lender with respect to the Debentures, or to sell all or any part of the Debentures, but any such participation or sale sales shall not affect the rights and duties of such Lender or the Agent hereunder vis-a-vis Borrower. In the event that all or any portion of the this Loan shall be be, at any time, assigned, transferred or conveyed to other parties, any action, consent or waiver (except for compromise or extension of maturity), to be given or taken by Lender or the Agent hereunder (herein "Action"), shall be such action as taken by the holder holders of a majority in amount of the Principal Amount of the Debentures then outstanding, as such holder holders are recorded on the books of the Borrower and represented by the Lender's Agent as described in subsection (b) below.

Appears in 1 contract

Samples: Convertible Debenture Loan Agreement (Topro Inc)

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