ASSIGNMENT AND PARTICIPATION definition

ASSIGNMENT AND PARTICIPATION. This Agreement shall be binding upon and enure to the benefit of the Bank and the Borrower and their respective successors and permitted assigns. The Bank may assign or transfer its rights, benefits and obligations under the Credit Facility to any other financial institution ("ASSIGNEE") subject to the prior consent of the Borrower, which consent shall not be unreasonably withheld. After any such assignment or transfer, the term "Bank" as used in this Agreement with respect to the Credit Facility (as appropriate) shall be deemed to be the Assignee to the extent of its interest. The Bank may sell participation in the Credit Facility to any third party, provided that no such participant shall have any rights under this Agreement as against the Borrower. In assigning, transferring or participating all or any part of its rights or obligations as aforesaid, the Bank may reveal to potential Assignees or participants all or any information regarding the Borrower or the Guarantor and their Subsidiaries as the Bank deems necessary or desirable. The Borrower may not assign any of its rights under this Agreement.
Sample 1
ASSIGNMENT AND PARTICIPATION. Each Lender may assign, or grant participation contracts in, any and all of its rights and obligations without the consent of the Borrower.
Sample 1

Examples of ASSIGNMENT AND PARTICIPATION in a sentence

  • ASSIGNMENT AND PARTICIPATION...................................................................

  • SECTION 15 - ASSIGNMENT AND PARTICIPATION This agreement shall be binding upon and enure to the benefit of the Lender and the Borrower and their respective successors and permitted assigns.

  • Unfortunately, there is no stock assessment study conducted in the region, thus the real status of fishery resources is unknown.

  • MANDATORY ASSIGNMENT AND PARTICIPATION PROGRAMSome practitioners who provide services under the Medicare program are required to accept assignment for all Medicare claims for their services.

  • ASSIGNMENT AND PARTICIPATION 167 Section 18.1 Conditions to Assignment by Lenders 167 Section 18.2 Register 168 Section 18.3 New Notes 168 Section 18.4 Participations 169 Section 18.5 Pledge by Lender 169 Section 18.6 No Assignment by Borrowers 170 Section 18.7 Disclosure 170 Section 18.8 Mandatory Assignment 170 Section 18.9 Amendments to Loan Documents 171 Section 18.10 Titled Agents 171 SECTION 19.

  • African Governments have shown commitment through payment of premium despite fiscal constraints, and ARC has collected over US $54million in premium in its first four years, 95% of which directly from the participating Governments.

  • ASSIGNMENT AND PARTICIPATION 99 §18.1 Conditions to Assignment by Lenders.

  • RELATED OFFICE OF INSPECTOR GENERAL AUDIT REPORTS The Department of Energy's American Recovery and Reinvestment Act – Massachusetts State Energy Program (OAS-RA-11-06, March 2011).

  • ASSIGNMENT AND PARTICIPATION......................................................................

  • ASSIGNMENT AND PARTICIPATION; ACCESSION.......................88 --------------------------------------- 17.1. Conditions to Assignment and Accession by Banks.............88 ----------------------------------------------- 17.2.

Related to ASSIGNMENT AND PARTICIPATION

  • Assignment and Conveyance An Assignment and Conveyance in the form of Exhibit I hereto dated as of the related Closing Date, by and between the Company and the Purchaser.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit G or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Affiliated Lender Assignment and Assumption has the meaning set forth in Section 10.07(l)(i).

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Assignment and Acceptance means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Assignment and Acceptance Agreement means an assignment and acceptance agreement entered into by a Lender, an Eligible Assignee and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit C hereto.

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Assignment and Assumption Agreement means the Assignment and Assumption Agreement substantially in the form of Exhibit L (appropriately completed).

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Assignment and Assumption means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative Agent.

  • Assignment and Assumption of Lease has the meaning set forth in Section 3.02(a)(v).

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Commitment and Acceptance is defined in Section 2.18(b).

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Assigning Lender means as specified in Section 13.8(b).

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • nment and Assumption means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of E xhibit A or any other form approved by the Administrative Agent.

  • Loan Assignment has the meaning set forth in the Purchase and Sale Agreement.