Common use of Permitted Participants; Effect Clause in Contracts

Permitted Participants; Effect. Any Bank may at any time sell to one or more banks or other entities ("Participants") participating interests in any Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the Notes. In the event of any such sale by a Bank of participating interests to a Participant, such Bank's obligations under this Agreement and the Notes shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances and the holder of any Note issued to it in evidence thereof for all purposes under this Agreement and the Notes, all amounts payable by the Borrowers under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement and the Notes.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities ("Participants") participating interests in any Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the NotesLoan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank's obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances and the holder of any Note issued to it in evidence thereof each of its Notes for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement and the NotesLoan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its commercial banking business and in accordance with applicable law, at any time sell to one or more banks or other entities ("“Participants"”) participating interests in any Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the NotesLoan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank's ’s obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances and the holder of any such Note issued to it in evidence thereof for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's ’s rights and obligations under this Agreement and the NotesLoan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities ("“Participants"”) participating interests in any Loan owing to such Bank, any Note held by such Bank, any the Commitment of such Bank or any other interest of such Bank under this Agreement and the NotesLoan Documents. In the event of Upon any such sale by a Bank of participating interests to a Participant, such Bank's ’s obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances Loans and the holder of any Note issued to it in evidence thereof for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's ’s rights and obligations under this Agreement and the NotesLoan Documents.

Permitted Participants; Effect. Any The Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities ("Participants") participating interests in any Loan owing to such Outstanding Credit Exposure of the Bank, any Note held by such the Bank, any Commitment of such the Bank or any other interest of such the Bank under this Agreement and the NotesLoan Documents. In the event of any such sale by a the Bank of participating interests to a Participant, such the Bank's obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such the Bank shall remain solely responsible to the other parties hereto Borrower for the performance of such obligations, such the Bank shall remain the owner of its Advances Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Borrower under this Agreement shall be determined as if such the Bank had not sold such participating interests, and the Borrowers and the Administrative Agent Borrower shall continue to deal solely and directly with such the Bank in connection with such the Bank's rights and obligations under this Agreement and the NotesLoan Documents.

Permitted Participants; Effect. Any Bank may may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or other entities ("“Participants"”) participating interests in any Loan owing to such Bank, any Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the NotesLoan Documents. In the event of Upon any such sale by a Bank of participating interests to a Participant, such Bank's ’s obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances Loans and the holder of any Note issued to it in evidence thereof for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Company under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers Company and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's ’s rights and obligations under this Agreement and the NotesLoan Documents.

Permitted Participants; Effect. Any Bank may at any time sell to one or more banks or other entities ("Participants") participating interests in any Loan owing to such Bank, any Revolving Credit Note held by such Bank, any Commitment of such Bank or any other interest of such Bank under this Agreement and the NotesLoan Documents. In the event of any such sale by a Bank of participating interests to a Participant, such Bank's obligations under this Agreement and the Notes Loan Documents shall remain unchanged, such Bank shall remain solely responsible to the other parties hereto for the performance of such obligations, such Bank shall remain the owner of its Advances Loans and the holder of any Revolving Credit Note issued to it in evidence thereof for all purposes under this Agreement and the NotesLoan Documents, all amounts payable by the Borrowers Borrower under this Agreement shall be determined as if such Bank had not sold such participating interests, and the Borrowers Borrower and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank's rights and obligations under this Agreement and the NotesLoan Documents.