Common use of Rights of Credit Participants Clause in Contracts

Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 and 14.5, and the set-off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 2 contracts

Samples: Credit Agreement (Tweeter Home Entertainment Group Inc), Credit Agreement (Tweeter Home Entertainment Group Inc)

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Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.82.5, 2.9, 2.112.10, 2.12 and 14.515.7, Article 14, and the set-off setoff rights in Section 10.2 10.3 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender Bank granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Uno Restaurant Corp), Revolving Credit and Term Loan Agreement (Uno Restaurant Corp)

Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 2.12, and 14.5, and the set-off setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 2 contracts

Samples: Credit Agreement (Saucony Inc), Credit Agreement (Pc Connection Inc)

Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 2.12, 2.13, 2.15, 2.16 and 14.515.5, and the set-off setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Gerber Scientific Inc), Credit and Guaranty Agreement (Gerber Scientific Inc)

Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.72.9, 2.8, 2.92.10, 2.11, 2.12 2.13, 2.14 and 14.5, and the set-off rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 2 contracts

Samples: Credit Agreement (American Skiing Co /Me), Credit Agreement (American Skiing Co /Me)

Rights of Credit Participants. The Loan Parties Parent and the Borrowers each agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.112.13, 2.12 7.3 and 14.5, and the set-off rights in Section 10.2 11.3 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such 115 Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Brookstone Inc)

Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.72.9, 2.8, 2.92.10, 2.11, 2.12 2.13, 2.14 and 14.5, and the set-off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (American Skiing Co /Me)

Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 and 14.5, and the set-set off rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership Ii /De/)

Rights of Credit Participants. The Loan Parties agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.72.9, 2.8, 2.92.10, 2.11, 2.12 2.13, 2.14 and 14.511.5, and the set-off setoff rights in Section 10.2 7.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Booth Creek Ski Holdings Inc)

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Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 and 14.5Section 13.5, and the set-off setoff rights in Section 10.2 9.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Loan Agreement (Samuels Jewelers Inc)

Rights of Credit Participants. The Loan Parties Parent and the Borrowers each agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.112.13, 2.12 7.3 and 14.5, and the set-off rights in Section 10.2 11.3 with respect to its participating interest; provided, -------- however, that no Credit Participant shall be entitled to receive any greater ------- payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Brookstone Inc)

Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.10, 2.11, 2.12 and 14.5, and the set-off setoff rights in Section 10.2 with respect to its participating interest; provided, however, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Bright Horizons Family Solutions Inc)

Rights of Credit Participants. The Loan Parties Borrowers agree that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.112.10, 2.12 2.12, 2.13 and 14.5, and the set-off setoff rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Uno Restaurant Corp)

Rights of Credit Participants. The Loan Parties agree Borrower agrees that each Credit Participant shall, to the extent provided in its participation instrument, be entitled to the benefits of Sections 2.7, 2.8, 2.9, 2.11, 2.12 and 14.5, and the set-set off rights in Section 10.2 with respect to its participating interest; providedPROVIDED, howeverHOWEVER, that no Credit Participant shall be entitled to receive any greater payment under such Sections than the Lender granting such participation would have been entitled to receive with respect to the interests transferred.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership)

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