{"component": "clause", "props": {"groups": [{"size": 8, "samples": [{"hash": "2mYhQxs38mo", "uri": "/contracts/2mYhQxs38mo#participations-assignments", "label": "Factoring Agreement", "score": 23.1683769226, "published": true}, {"hash": "aQmnSYUY06k", "uri": "/contracts/aQmnSYUY06k#participations-assignments", "label": "Factoring Agreement", "score": 22.6098556519, "published": true}, {"hash": "la5BbGZoUJ6", "uri": "/contracts/la5BbGZoUJ6#participations-assignments", "label": "Factoring Agreement", "score": 22.295003891, "published": true}], "snippet": "Seller understands that Buyer may from time to time transfer and assign its rights under this Agreement to one or more assignees. Seller hereby consents to these transfers and assignments by Buyer to one or more assignees. Seller hereby consents that any such assignee may exercise the rights of the Buyer hereunder. Seller further hereby consents and acknowledges that any and all defenses, claims or counterclaims that it may have against the Buyer shall be limited to, and may only be brought against Buyer and may not extend to any assignee, including, but not limited to, the funding obligations. Seller and Buyer intend that any and all direct or indirect assignees of the Buyer of the type set forth above shall be the third party beneficiaries of this Agreement.", "snippet_links": [{"key": "buyer-may", "type": "definition", "offset": [24, 33]}, {"key": "from-time-to-time", "type": "clause", "offset": [34, 51]}, {"key": "transfer-and-assign", "type": "clause", "offset": [52, 71]}, {"key": "agreement-to", "type": "definition", "offset": [94, 106]}, {"key": "assignments-by-buyer", "type": "clause", "offset": [176, 196]}, {"key": "rights-of-the-buyer", "type": "clause", "offset": [286, 305]}, {"key": "the-buyer-shall", "type": "clause", "offset": [441, 456]}, {"key": "not-limited", "type": "clause", "offset": [561, 572]}, {"key": "funding-obligations", "type": "definition", "offset": [581, 600]}, {"key": "seller-and-buyer", "type": "clause", "offset": [602, 618]}, {"key": "direct-or-indirect", "type": "clause", "offset": [643, 661]}, {"key": "beneficiaries-of-this-agreement", "type": "clause", "offset": [738, 769]}], "hash": "e5997ab93486c19382b90273c465b04a", "id": 1}, {"size": 5, "samples": [{"hash": "hsrVY2wNIMs", "uri": "/contracts/hsrVY2wNIMs#participations-assignments", "label": "Business Credit and Security Agreement (Creative Computers Inc)", "score": 18.0, "published": true}, {"hash": "ayIz9FKxYqf", "uri": "/contracts/ayIz9FKxYqf#participations-assignments", "label": "Business Credit and Security Agreement (Elcom International Inc)", "score": 18.0, "published": true}, {"hash": "5T4Wdp51t1j", "uri": "/contracts/5T4Wdp51t1j#participations-assignments", "label": "Business Credit and Security Agreement (Creative Computers Inc)", "score": 18.0, "published": true}], "snippet": "DFS may, without the consent of Borrower, grant participations in or assign, at any time and from time to time hereafter, its interest in this Agreement or any Loan Document, or of any portion thereof.", "snippet_links": [{"key": "consent-of-borrower", "type": "clause", "offset": [21, 40]}, {"key": "at-any-time", "type": "clause", "offset": [77, 88]}, {"key": "from-time-to-time", "type": "clause", "offset": [93, 110]}, {"key": "agreement-or", "type": "definition", "offset": [143, 155]}, {"key": "loan-document", "type": "clause", "offset": [160, 173]}], "hash": "bd655417eb444bf3367b8237d8cd3954", "id": 2}, {"size": 5, "samples": [{"hash": "gemQy9Al4yH", "uri": "/contracts/gemQy9Al4yH#participations-assignments", "label": "Loan and Security Agreement (American Builders & Contractors Supply Co Inc)", "score": 18.0, "published": true}], "snippet": "No Lender shall have the right, -------------------------- without the prior written consent of the Agent, to sell participations in, or assignments of, all or any portion of its interest under any or all of the Financing Agreements, provided that if no Default or Event of Default is in -------- existence the identity of any Person purchasing any such participation or assignment shall first be approved by Borrower as provided hereinbelow (it being understood that no such approval shall be required if any Default or Event of Default is in existence); and provided further that, in any event, any Lender may assign (i) -------------------- all or any portion of its interest under any or all of the Financing Agreements to an affiliate of such Lender or (ii) all of its interest under all of the Financing Agreements to any Person in connection with the sale of all or substantially all of the loan portfolio of such Lender to such other Person, in each case without the consent of the Agent or approval of the participant or assignee by Borrower. The Agent's consent to an assignment by a Lender of all or a portion of its interest under the Financing Agreements may be conditioned, among other criteria, upon the execution and delivery of an assignment and acceptance agreement in form and substance acceptable to the Agent, pursuant to which the assignee of such assignment shall become a party to this Agreement as a Lender and agree to be bound by all of the terms and provisions of the Financing Agreements, and confirmation to the Agent's satisfaction, in form required by the Agent, that such assignee is organized under the laws of the United States or a state thereof or, alternatively, is exempt in a manner prescribed by applicable law from withholding requirements relating to all amounts payable to such assignee with respect to the Revolving Loans or otherwise under the Financing Agreements. In connection with the foregoing and with respect to any request of the Borrower for its approval of a participant or assignee, the Lender proposing to enter into any participation or assignment with respect to which such approval is required as provided above (or the Agent, at the request of such Lender) shall notify Borrower of the identity of the proposed participant or assignee, and Borrower shall have until the third Business Day following receipt of such notice to notify such Lender (or the Agent, as the case may be) that it does or does not approve such Person as a participant or assignee. If no such written notification is received from the Borrower by such Lender (or the Agent, as the case may be) within such time, the Borrower shall be deemed to have irrevocably granted its approval to such request. Borrower agrees that, in any event, any requested approval of a participant or assignee shall not be unreasonably withheld.", "snippet_links": [{"key": "no-lender", "type": "clause", "offset": [0, 9]}, {"key": "the-right", "type": "clause", "offset": [21, 30]}, {"key": "consent-of-the-agent", "type": "clause", "offset": [85, 105]}, {"key": "to-sell", "type": "clause", "offset": [107, 114]}, {"key": "financing-agreements", "type": "definition", "offset": [212, 232]}, {"key": "provided-that", "type": "definition", "offset": [234, 247]}, {"key": "no-default-or-event-of-default", "type": "clause", "offset": [251, 281]}, {"key": "any-person", "type": "definition", "offset": [323, 333]}, {"key": "by-borrower", "type": "clause", "offset": [406, 417]}, {"key": "any-default-or-event", "type": "clause", "offset": [506, 526]}, {"key": "in-existence", "type": "definition", "offset": [541, 553]}, {"key": "lender-may", "type": "definition", "offset": [601, 611]}, {"key": "affiliate-of", "type": "definition", "offset": [730, 742]}, {"key": "in-connection-with", "type": "clause", "offset": [835, 853]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [866, 890]}, {"key": "loan-portfolio", "type": "definition", "offset": [898, 912]}, {"key": "other-person", "type": "definition", "offset": [936, 948]}, {"key": "each-case", "type": "definition", "offset": [953, 962]}, {"key": "approval-of", "type": "clause", "offset": [999, 1010]}, {"key": "the-participant", "type": "clause", "offset": [1011, 1026]}, {"key": "consent-to", "type": "definition", "offset": [1064, 1074]}, {"key": "assignment-by-a-lender", "type": "clause", "offset": [1078, 1100]}, {"key": "a-portion", "type": "definition", "offset": [1111, 1120]}, {"key": "be-conditioned", "type": "clause", "offset": [1172, 1186]}, {"key": "other-criteria", "type": "clause", "offset": [1194, 1208]}, {"key": "delivery-of", "type": "clause", "offset": [1233, 1244]}, {"key": "assignment-and-acceptance-agreement", "type": "clause", "offset": [1248, 1283]}, {"key": "form-and-substance", "type": "clause", "offset": [1287, 1305]}, {"key": "pursuant-to", "type": "definition", "offset": [1331, 1342]}, {"key": "the-assignee", "type": "clause", "offset": [1349, 1361]}, {"key": "party-to-this-agreement", "type": "clause", "offset": [1396, 1419]}, {"key": "agree-to", "type": "clause", "offset": [1436, 1444]}, {"key": "provisions-of-the", "type": "clause", "offset": [1478, 1495]}, {"key": "by-the-agent", "type": "clause", "offset": [1581, 1593]}, {"key": "laws-of-the-united-states", "type": "definition", "offset": [1637, 1662]}, {"key": "applicable-law", "type": "definition", "offset": [1737, 1751]}, {"key": "withholding-requirements", "type": "clause", "offset": [1757, 1781]}, {"key": "relating-to", "type": "definition", "offset": [1782, 1793]}, {"key": "payable-to", "type": "definition", "offset": [1806, 1816]}, {"key": "with-respect-to", "type": "clause", "offset": [1831, 1846]}, {"key": "the-revolving-loans", "type": "clause", "offset": [1847, 1866]}, {"key": "the-foregoing", "type": "definition", "offset": [1931, 1944]}, {"key": "of-the-borrower", "type": "clause", "offset": [1977, 1992]}, {"key": "a-participant", "type": "definition", "offset": [2013, 2026]}, {"key": "the-lender", "type": "clause", "offset": [2040, 2050]}, {"key": "to-enter", "type": "definition", "offset": [2061, 2069]}, {"key": "the-request", "type": "clause", "offset": [2191, 2202]}, {"key": "the-proposed", "type": "clause", "offset": [2260, 2272]}, {"key": "third-business-day", "type": "clause", "offset": [2332, 2350]}, {"key": "receipt-of", "type": "clause", "offset": [2361, 2371]}, {"key": "notice-to", "type": "clause", "offset": [2377, 2386]}, {"key": "the-case", "type": "definition", "offset": [2424, 2432]}, {"key": "written-notification", "type": "clause", "offset": [2527, 2547]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2646, 2664]}], "hash": "e6c4d2a3918c7b98ed5142b52f871650", "id": 3}, {"size": 4, "samples": [{"hash": "c3fH598oA4B", "uri": "/contracts/c3fH598oA4B#participations-assignments", "label": "Factoring Agreement (Recruiter.com Group, Inc.)", "score": 33.3312797546, "published": true}], "snippet": "Seller understands that Buyer may from time to time transfer and assign its rights under this Agreement to one or more assignees. Seller hereby consents to these transfers and assignments by \u2587\u2587\u2587\u2587\u2587 to one or more assignees. Seller hereby consents that any such assignee may exercise the rights of the Buyer hereunder. Seller further hereby consents and acknowledges that any and all defenses, claims or counterclaims that it may have against the Buyer shall be limited to, and may only be brought against Buyer and may not extend to any assignee, including, but not limited to, any claims which pertain to this Agreement. Seller consents to Buyer releasing any and all information regarding Seller and any guarantors to any assignee or potential assignee and waives any and all claims pertaining to the release of such information. Seller and Buyer intend that any and all direct or indirect assignees of the Buyer of the type set forth above shall be the third party beneficiaries of this Agreement.", "snippet_links": [{"key": "buyer-may", "type": "definition", "offset": [24, 33]}, {"key": "from-time-to-time", "type": "clause", "offset": [34, 51]}, {"key": "transfer-and-assign", "type": "clause", "offset": [52, 71]}, {"key": "agreement-to", "type": "definition", "offset": [94, 106]}, {"key": "assignments-by", "type": "definition", "offset": [176, 190]}, {"key": "rights-of-the-buyer", "type": "clause", "offset": [286, 305]}, {"key": "the-buyer-shall", "type": "clause", "offset": [441, 456]}, {"key": "not-limited", "type": "clause", "offset": [561, 572]}, {"key": "to-this-agreement", "type": "clause", "offset": [602, 619]}, {"key": "seller-consents", "type": "definition", "offset": [621, 636]}, {"key": "to-buyer", "type": "definition", "offset": [637, 645]}, {"key": "regarding-seller", "type": "clause", "offset": [680, 696]}, {"key": "all-claims", "type": "clause", "offset": [773, 783]}, {"key": "pertaining-to", "type": "definition", "offset": [784, 797]}, {"key": "release-of", "type": "clause", "offset": [802, 812]}, {"key": "such-information", "type": "definition", "offset": [813, 829]}, {"key": "seller-and-buyer", "type": "clause", "offset": [831, 847]}, {"key": "direct-or-indirect", "type": "clause", "offset": [872, 890]}, {"key": "beneficiaries-of-this-agreement", "type": "clause", "offset": [967, 998]}], "hash": "d25590a75b557f98a355eff564eda139", "id": 4}, {"size": 4, "samples": [{"hash": "kiqrAOvD2ML", "uri": "/contracts/kiqrAOvD2ML#participations-assignments", "label": "Competitive Advance, Revolving Credit and Guaranty Agreement (Dentsply International Inc /De/)", "score": 18.0, "published": true}], "snippet": "(a) Each Bank may without the consent of the Borrower sell participations to one or more banks or other entities in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it and the Notes held by it); provided, however, that (i) such Bank's obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the participating banks or other entities shall be entitled to the cost protection provisions contained in Section 2.15 and Section 2.17 but shall not be entitled to receive pursuant to such provisions an amount larger than its share of the amount to which the Bank granting such participation would have been entitled and (iv) the Borrower, the Administrative Agent and the other Banks shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement; provided further that each Bank shall retain the sole right and responsibility vis-a-vis the Borrower to enforce the obligations of the Borrower relating to the Loans and shall retain all voting rights, including the right to approve any amendment, modification or waiver of any provision of this Agreement other than amendments, modifications or waivers with respect to any Facility Fees, the amount of principal or the rate of interest payable on, or the maturity of, the Loans as applicable to the participating banks or other entities (as to which such participating banks or other entities shall be afforded the right to vote).\n(b) Each of the Banks may but only with the prior written consent of the Borrower, which consent shall not be unreasonably withheld, and (unless the assignee is a bank or trust company with a combined capital and surplus of at least $100,000,000) with the written consent of the Administrative Agent, which consent shall not be unreasonably withheld, assign to one or more banks or other entities all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of its Commitment and the same portion of the Revolving Credit Loans at the time owing to it and the Revolving Credit Note held by it); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of the assigning Bank's rights and obligations under this Agreement, and (ii) the amount of the Commitment of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Bank) shall be either the entire Commitment of such Bank or a portion thereof in a principal amount of $10,000,000 or a larger integral multiple of $1,000,000, and (iii) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register (as defined below), an Assignment and Acceptance, together with any Note or Notes subject to such assignment and a processing and recordation fee of $3,500. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, which effective date shall be not earlier than five Business Days after the date of acceptance and recording by the Administrative Agent, (x) the assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a Bank hereunder and under the other Fundamental Documents and (y) the assigning Bank thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of the assigning Bank's rights and obligations under this Agreement, such assigning Bank shall cease to be a party hereto). Notwithstanding the foregoing, any Bank assigning its rights and obligations under this Agreement may retain any Competitive Loans made by it outstanding at such time, and in such case shall retain its rights hereunder in respect of any Loans so retained until such Loans have been repaid in full in accordance with this Agreement.\n(c) Notwithstanding the other provisions of this Section 2.23, each Bank may at any time assign all or a portion of its interests, rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the same portion of the Loans at any time owing to it and the Notes held by it) to (i) any Affiliate of such Bank described in clause (b) of the definition of Affiliate or (ii) any other Bank hereunder.\n(d) By executing and delivering an Assignment and Acceptance, the assigning Bank thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim, the assigning Bank makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Fundamental Documents or any other instrument or document furnished pursuant hereto or thereto; (ii) such Bank assignor makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or any of the Subsidiaries or any other obligor under the Fundamental Documents or the performance or observance by the Borrower (on behalf of itself or the Subsidiaries) or any of the Guarantors or any other obligor under the Fundamental Documents of any of their respective obligations under the Fundamental Documents or any other instrument or document furnished pursuant hereto or thereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements delivered pursuant to Sections 5.05(a) and 5.05(b) (or if none of such financial statements shall have then been delivered, then copies of the financial statements referred to in Section 3.05 hereof) and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the assigning Bank, the Administrative Agent or any other person that has become a Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee appoints and authorizes the Administrative Agent to take such action on its behalf as the 121 Administrative Agent deems appropriate and to exercise such powers under the Fundamental Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Bank.\n(e) The Administrative Agent shall maintain at its address at which notices are to be given to it pursuant to Section 10.01 a copy of each Assignment and Acceptance and a register for the recordation of the names and addresses of the Banks and the Commitments of, and principal amount of the Loans owing to, each Bank from time to time (the \"Register\"). The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and the Banks may treat each person whose name is recorded in the Register as a Bank hereunder for all purposes of the Fundamental Documents. The Register shall be available for inspection by the Borrower or any Bank at any reasonable time and from time to time upon reasonable prior notice.\n(f) Upon its receipt of an Assignment and Acceptance executed by an assigning Bank and an assignee together with any Notes subject to such assignment and evidence of the Borrower's written consent to such assignment, the Administrative Agent shall, if such Assignment and Acceptance has been completed and is in the form of Exhibit E hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt written notice thereof to the Borrower. Within five Business Days after receipt of the notice, the Borrower, at its own expense, shall execute and deliver to the Bank, in exchange for the surrendered Notes, as applicable (x) a new Competitive Note to the order of such assignee in an amount equal to the Total Commitment and a new Revolving Credit Note to the order of such assignee in an amount equal to the portion of the Commitment assumed by it pursuant to such Assignment and Acceptance and, (y) a new Revolving Credit Note to the order of the assigning Bank in an amount equal to the Commitment retained by it hereunder. Such new Revolving Credit Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such assumed Commitment and retained Commitment, such new Notes shall be dated the date of the surrendered Notes and shall otherwise be in substantially the forms of Exhibits B-1 and B-2 hereto, as the case may be. In addition, the Borrower will promptly, at its own expense, execute such amendments to the Fundamental Documents to which it is a party and such additional documents and cause the Guarantors to execute amendments to the Fundamental Documents to which it is a party, and take such other actions as the Administrative Agent or the assignee Bank may reasonably request in order to confirm that such assignee Bank is entitled to the full benefit of the guarantees contemplated hereby to the extent of such assignment.\n(g) Notwithstanding any other provision herein, any Bank may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 2.23, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower or any of the Subsidiaries furnished to such Bank or the Administrative Agent by or on behalf of the Borrower; provided that prior 122 to any such disclosure, each such assignee or participant or proposed assignee or participant shall agree in writing to preserve the confidentiality of any confidential information relating to the Borrower or any of their Subsidiaries received from such Bank on the terms of Section 10.11.\n(h) Any Bank may at any time pledge or assign all or any portion of its rights under this Agreement and the Notes to a Federal Reserve Bank.", "snippet_links": [{"key": "each-bank", "type": "clause", "offset": [4, 13]}, {"key": "consent-of-the-borrower", "type": "clause", "offset": [30, 53]}, {"key": "other-entities", "type": "definition", "offset": [98, 112]}, {"key": "a-portion", "type": "definition", "offset": [123, 132]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [140, 183]}, {"key": "the-loans", "type": "clause", "offset": [234, 243]}, {"key": "the-notes", "type": "clause", "offset": [260, 269]}, {"key": "responsible-to", "type": "clause", "offset": [415, 429]}, {"key": "parties-hereto", "type": 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"other-actions", "type": "definition", "offset": [9898, 9911]}, {"key": "assignee-bank", "type": "definition", "offset": [9947, 9960]}, {"key": "reasonably-request", "type": "definition", "offset": [9965, 9983]}, {"key": "in-order-to", "type": "clause", "offset": [9984, 9995]}, {"key": "bank-is-entitled-to", "type": "clause", "offset": [10023, 10042]}, {"key": "full-benefit", "type": "clause", "offset": [10047, 10059]}, {"key": "the-guarantees", "type": "clause", "offset": [10063, 10077]}, {"key": "contemplated-hereby", "type": "clause", "offset": [10078, 10097]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [10136, 10171]}, {"key": "assignment-or", "type": "clause", "offset": [10217, 10230]}, {"key": "proposed-assignment", "type": "definition", "offset": [10248, 10267]}, {"key": "proposed-assignee", "type": "definition", "offset": [10359, 10376]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [10512, 10530]}, {"key": "provided-that", "type": "definition", "offset": [10545, 10558]}, {"key": "participant-shall", "type": "clause", "offset": [10651, 10668]}, {"key": "in-writing", "type": "clause", "offset": [10675, 10685]}, {"key": "any-confidential-information", "type": "clause", "offset": [10721, 10749]}, {"key": "section-1011", "type": "clause", "offset": [10844, 10857]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [10931, 10958]}, {"key": "federal-reserve-bank", "type": "definition", "offset": [10978, 10998]}], "hash": "ec779cff8d04f9aa8622edcf7ce250cc", "id": 5}, {"size": 3, "samples": [{"hash": "hnntWwx9lJQ", "uri": "/contracts/hnntWwx9lJQ#participations-assignments", "label": "Revolving Line of Credit Agreement (Franklin Covey Co)", "score": 21.0, "published": true}, {"hash": "bssi5ATFHd7", "uri": "/contracts/bssi5ATFHd7#participations-assignments", "label": "Revolving Line of Credit Agreement (Franklin Covey Co)", "score": 21.0, "published": true}], "snippet": "Lender shall have the right at any time to sell, assign, transfer, negotiate, or grant participations in all or any part of the Loan or the Note to one or more participants. Borrower hereby acknowledges and agrees that any such disposition will give rise to a direct obligation of Borrower to each such participant. Lender may at any time, without the consent of Borrower, assign all or any portion of its rights under this Agreement and the Note to a Federal Reserve Bank. Borrower shall have the right, without any obligation to pay the Early Termination Fee, to terminate the Loan prior to the Maturity Date within ninety (90) days after receiving written notice from Lender that it intends to assign or grant participations in the Loan, provided that Borrower otherwise complies with the requirements of Section 2.6(c) hereof.", "snippet_links": [{"key": "the-right", "type": "clause", "offset": [18, 27]}, {"key": "at-any-time", "type": "clause", "offset": [28, 39]}, {"key": "to-sell", "type": "clause", "offset": [40, 47]}, {"key": "the-loan", "type": "clause", "offset": [124, 132]}, {"key": "note-to", "type": "clause", "offset": [140, 147]}, {"key": "borrower-hereby", "type": "clause", "offset": [174, 189]}, {"key": "obligation-of-borrower", "type": "clause", "offset": [267, 289]}, {"key": "lender-may", "type": "definition", "offset": [316, 326]}, {"key": "consent-of-borrower", "type": "clause", "offset": [352, 371]}, {"key": "rights-under-this-agreement", "type": "clause", "offset": [406, 433]}, {"key": "federal-reserve-bank", "type": "definition", "offset": [452, 472]}, {"key": "borrower-shall", "type": "clause", "offset": [474, 488]}, {"key": "obligation-to-pay", "type": "clause", "offset": [517, 534]}, {"key": "early-termination-fee", "type": "definition", "offset": [539, 560]}, {"key": "prior-to-the", "type": "clause", "offset": [584, 596]}, {"key": "maturity-date", "type": "definition", "offset": [597, 610]}, {"key": "after-receiving", "type": "clause", "offset": [635, 650]}, {"key": "notice-from-lender", "type": "clause", "offset": [659, 677]}, {"key": "provided-that", "type": "definition", "offset": [741, 754]}, {"key": "the-requirements", "type": "clause", "offset": [788, 804]}], "hash": "40ba94ce023e3f8f96614bb63e980f1c", "id": 6}, {"size": 2, "samples": [{"hash": "9OJAIoOby9L", "uri": "/contracts/9OJAIoOby9L#participations-assignments", "label": "Credit Agreement (Dentsply International Inc /De/)", "score": 18.0, "published": true}], "snippet": "(a) Each Bank (for purposes of this Section 2.24, the defined term \"Bank\" shall be deemed to include as applicable the Issuing Bank) may without the consent of the Borrower sell participations to one or more banks or other entities in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it and the Notes held by it); provided, however, that (i) such Bank's obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the participating banks or other entities shall be entitled to the cost protection provisions contained in Section 2.16 and Section 2.18 but shall not be entitled to receive pursuant to such provisions an amount larger than its share of the amount to which the Bank granting such participation would have been entitled and (iv) the Borrower, the Administrative Agent and the other Banks shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement; provided further that each Bank shall retain the sole right and responsibility vis-a-vis the Borrower to enforce the obligations of the Borrower relating to the", "snippet_links": [{"key": "each-bank", "type": "clause", "offset": [4, 13]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [15, 43]}, {"key": "the-defined-term", "type": "definition", "offset": [50, 66]}, {"key": "the-issuing-bank", "type": "clause", "offset": [115, 131]}, {"key": "consent-of-the-borrower", "type": "clause", "offset": [149, 172]}, {"key": "other-entities", "type": "definition", "offset": [217, 231]}, {"key": "a-portion", "type": "definition", "offset": [242, 251]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [259, 302]}, {"key": "the-loans", "type": "clause", "offset": [353, 362]}, {"key": "the-notes", "type": "clause", "offset": [379, 388]}, {"key": "responsible-to", "type": "clause", "offset": [534, 548]}, {"key": "parties-hereto", "type": "clause", "offset": [559, 573]}, {"key": "the-performance", "type": "clause", "offset": [578, 593]}, {"key": "participating-banks", "type": "definition", "offset": [625, 644]}, {"key": "protection-provisions", "type": "clause", "offset": [693, 714]}, {"key": "contained-in", "type": "definition", "offset": [715, 727]}, {"key": "to-receive", "type": "definition", "offset": [784, 794]}, {"key": "pursuant-to-such", "type": "clause", "offset": [795, 811]}, {"key": "the-bank", "type": "definition", "offset": [878, 886]}, {"key": "the-administrative-agent", "type": "definition", "offset": [963, 987]}, {"key": "other-banks", "type": "clause", "offset": [996, 1007]}, {"key": "in-connection-with", "type": "clause", "offset": [1066, 1084]}, {"key": "right-and-responsibility", "type": "clause", "offset": [1196, 1220]}, {"key": "obligations-of-the-borrower", "type": "clause", "offset": [1259, 1286]}, {"key": "relating-to", "type": "definition", "offset": [1287, 1298]}], "hash": "0355f33486ca75966966d390dc736b29", "id": 7}, {"size": 2, "samples": [{"hash": "3VUtHMr0l96", "uri": "/contracts/3VUtHMr0l96#participations-assignments", "label": "Revolving Loan Agreement (Cabelas Inc)", "score": 21.0, "published": true}], "snippet": "Bank reserves the right to sell participations in the Loan and otherwise assign, transfer or hypothecate all or any part of the Loan along with the corresponding rights in the Loan Documents. Bank is authorized by Borrower and Guarantor to disclose information about it and its Subsidiaries to prospective participants and assignees.", "snippet_links": [{"key": "right-to-sell", "type": "clause", "offset": [18, 31]}, {"key": "corresponding-rights", "type": "clause", "offset": [148, 168]}, {"key": "the-loan-documents", "type": "clause", "offset": [172, 190]}, {"key": "borrower-and-guarantor", "type": "clause", "offset": [214, 236]}, {"key": "to-disclose-information", "type": "clause", "offset": [237, 260]}, {"key": "prospective-participants", "type": "definition", "offset": [294, 318]}], "hash": "44768ad01b2fe2c32b5a412f98234c70", "id": 8}, {"size": 2, "samples": [{"hash": "17C7YhNEUHI", "uri": "/contracts/17C7YhNEUHI#participations-assignments", "label": "Credit Agreement (Baldwin Piano & Organ Co /De/)", "score": 18.0, "published": true}], "snippet": "The Lenders may with sixty (60) days prior notice to Bald\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587ticipations in or assign, at any time and from time to time hereafter, its interest in this Credit Agreement or any Loan Document, or of any portion thereof.", "snippet_links": [{"key": "the-lenders", "type": "clause", "offset": [0, 11]}, {"key": "notice-to", "type": "clause", "offset": [43, 52]}, {"key": "at-any-time", "type": "clause", "offset": [97, 108]}, {"key": "from-time-to-time", "type": "clause", "offset": [113, 130]}, {"key": "agreement-or", "type": "definition", "offset": [170, 182]}, {"key": "loan-document", "type": "clause", "offset": [187, 200]}], "hash": "301838d0d47f53c79b3c3b9f588ba8c8", "id": 9}, {"size": 2, "samples": [{"hash": "cKxn5jtRcdN", "uri": "/contracts/cKxn5jtRcdN#participations-assignments", "label": "364 Day Competitive Advance, Revolving Credit and Guaranty Agreement (Dentsply International Inc /De/)", "score": 18.0, "published": true}], "snippet": "(a) Each Bank may without the consent of the Borrower sell participations to one or more banks or other entities in all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it and the Notes held by it); provided, however, that (i) such Bank's obligations under this Agreement shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) the participating banks or other entities shall be entitled to the cost protection provisions contained in Section 2.15 and Section 2.17 but shall not be entitled to receive pursuant to such provisions an amount larger than its share of the amount to which the Bank granting such participation would have been entitled and (iv) the Borrower, the Administrative Agent and the other Banks shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement; provided further that each Bank shall retain the sole right and responsibility vis-a-vis the Borrower to enforce the obligations of the Borrower relating to the Loans and shall retain all voting rights, including the right to approve any amendment, modification or waiver of any provision of this Agreement other than amendments, modifications or waivers with respect to any Facility Fees, the amount of principal or the rate of interest payable on, or the maturity of, the Loans as applicable to the participating banks or other entities (as to which such participating banks or other entities may be afforded the right to vote).\n(b) Each of the Banks may (but only with the prior written consent of the Borrower, which consent shall not be unreasonably withheld, provided that no consent of Borrower shall be required if any Event of Default shall have occurred and be continuing), and (unless the assignee is a bank or trust company with a combined capital and surplus of at least $100,000,000) with the written consent of the Administrative Agent, which consent shall not be unreasonably withheld, assign to one or more banks or other entities all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of its Commitment and the same portion of the Revolving Credit Loans at the time owing to it and the Revolving Credit Note held by it); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of the assigning Bank's rights and obligations under this Agreement, and (ii) the amount of the Commitment of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Bank) shall be either the entire Commitment of such Bank or a portion thereof in a principal amount of $10,000,000 or a larger integral multiple of $1,000,000, and (iii) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register (as defined below), an Assignment and Acceptance, together with any Note or Notes subject to such assignment and a processing and recordation fee of $4,000. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, which effective date shall be not earlier than five Business Days after the date of acceptance and recording by the Administrative Agent, (x) the assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a Bank hereunder and under the other Fundamental Documents and (y) the assigning Bank thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of the assigning Bank's rights and obligations under this Agreement, such assigning Bank shall cease to be a party hereto). Notwithstanding the foregoing, any Bank assigning its rights and obligations under this Agreement may retain any Competitive Loans made by it outstanding at such time, and in such case shall retain its rights hereunder in respect of any Loans so retained until such Loans have been repaid in full in accordance with this Agreement.\n(c) Notwithstanding the other provisions of this Section 2.23, each Bank may at any time assign all or a portion of its interests, rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the same portion of the Loans at any time owing to it and the Notes held by it) to (i) any Affiliate of such Bank described in clause (b) of the definition of Affiliate or (ii) any other Bank hereunder.\n(d) By executing and delivering an Assignment and Acceptance, the assigning Bank thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim, the assigning Bank makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Fundamental Documents or any other instrument or document furnished pursuant hereto or thereto; (ii) such Bank assignor makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or any of the Subsidiaries or any other obligor under the Fundamental Documents or the performance or observance by the Borrower (on behalf of itself or the Subsidiaries) or any of the Guarantors or any other obligor under the Fundamental Documents of any of their respective obligations under the Fundamental Documents or any other instrument or document furnished pursuant hereto or thereto; (iii) such assignee confirms that it has received a copy of this Agreement, together D5 with copies of the most recent financial statements delivered pursuant to Sections 5.05(a) and 5.05(b) (or if none of such financial statements shall have then been delivered, then copies of the financial statements referred to in Section 3.05 hereof) and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the assigning Bank, the Administrative Agent or any other person that has become a Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee appoints and authorizes the Administrative Agent to take such action on its behalf as the Administrative Agent deems appropriate and to exercise such powers under the Fundamental Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Bank.\n(e) The Administrative Agent shall maintain at its address at which notices are to be given to it pursuant to Section 10.01 a copy of each Assignment and Acceptance and a register for the recordation of the names and addresses of the Banks and the Commitments of, and principal amount of the Loans owing to, each Bank from time to time (the \"Register\"). The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and the Banks may treat each person whose name is recorded in the Register as a Bank hereunder for all purposes of the Fundamental Documents. The Register shall be available for inspection by the Borrower or any Bank at any reasonable time and from time to time upon reasonable prior notice.\n(f) Upon its receipt of an Assignment and Acceptance executed by an assigning Bank and an assignee together with any Notes subject to such assignment and evidence of the Borrower's written consent to such assignment, the Administrative Agent shall, if such Assignment and Acceptance has been completed and is in the form of Exhibit E hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt written notice thereof to the Borrower. Within five Business Days after receipt of the notice, the Borrower, at its own expense, shall execute and deliver to the Bank, in exchange for the surrendered Notes, as applicable (x) a new Competitive Note to the order of such assignee in an amount equal to the Total Commitment and a new Revolving Credit Note to the order of such assignee in an amount equal to the portion of the Commitment assumed by it pursuant to such Assignment and Acceptance and, (y) a new Revolving Credit Note to the order of the assigning Bank in an amount equal to the Commitment retained by it hereunder. Such new Revolving Credit Notes shall be in an aggregate principal amount equal to the aggregate principal amount of such assumed Commitment and retained Commitment, such new Notes shall be dated the date of the surrendered Notes and shall otherwise be in substantially the forms of Exhibits B-1 and B-2 hereto, as the case may be. In addition, the Borrower will promptly, at its own expense, execute such amendments to the Fundamental Documents to which it is a party and such additional documents and cause the Guarantors to execute amendments to the Fundamental Documents to which it is a party, and take such other actions as the Administrative Agent or the assignee Bank may reasonably request in order to confirm that such assignee Bank is entitled to the full benefit of the guaranties contemplated hereby to the extent of such assignment.\n(g) Notwithstanding any other provision herein, any Bank may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 2.23, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower or any of the Subsidiaries furnished to such Bank or the Administrative Agent by or on behalf of the Borrower; provided that prior to any such disclosure, each such assignee or 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