Common use of Sub-participation Clause in Contracts

Sub-participation. For the avoidance of doubt, each Lender may grant sub-participations in respect of any or all of its rights and/or obligations under any Finance Document to any person.

Sub-participation. For the avoidance of doubt, each Lender may grant sub-participations in respect of any or all of its rights and/or obligations under any Finance Document to any personperson provided that sub-participations shall not result in increase in amounts payable by the Borrower to such Lender.

Sub-participation. For the avoidance of doubt, each Lender may grant sub-participations in respect of any or all of its rights and/or obligations under any Finance Document to any personperson and no consent of any Obligor shall be required in respect of any of such sub-participations.

Sub-participation. For the avoidance of doubt, each Lender may grant sub-participations in respect of any or all of its rights and/or obligations under any Finance Document to any personperson and no consent of the Obligors shall be required in respect of any such sub-participations, provided that where, as a result of the sub-participation, such ▇▇▇▇▇▇ would no longer retain absolute discretion with regard to the exercise of votes under the Finance Documents, then that Lender shall be required to consult with the Borrower in respect of any such sub-participations.

Sub-participation. For the avoidance of doubt, each Lender may grant sub-participations in respect of any or all of its rights and/or obligations under any Finance Document to any personperson and no consent of the Obligors shall be required in respect of any such sub-participations, provided that where, as a result of the sub-participation, such ▇▇▇▇▇▇ would no longer retain absolute discretion with regard to the exercise of votes under the Finance Documents, then that Lender shall be required to consult with the Borrower(s) in respect of any such sub-participations.