Participation Agents definition
Examples of Participation Agents in a sentence
The Selling Agent may instruct the Company to pay a portion of any commission due directly to Participation Agents.
Lessee waives any right to require the Participation Agent to proceed against any Person or to exhaust any Collateral or to pursue any remedy in the Participation Agent's or such Participant's power.
The rights, powers and remedies of the Participation Agent under this Cash Collateral Agreement shall be in addition to all rights, powers and remedies given to the Participation Agent by virtue of any Applicable Law, the Participation Agreement, any other Operative Document or any other agreement, all of which rights, powers, and remedies shall be cumulative and may be exercised successively or concurrently without impairing the Participation Agent's rights hereunder.
After any -50- 83 retiring Participation Agent's resignation as Participation Agent, all of the provisions of this Article 0 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Participation Agent under this Participation Agreement and the other Operative Documents.
The Selling Agent acknowledges that the Company may limit its acceptance of subscriptions in any manner it deems prudent in order to provide for the timely use of subscriber funds and may reject any subscription for any reason, and the Selling Agent agrees that any such rejection of a subscription obtained by the Selling Agent or by the Participation Agents shall be deemed not to be a sale made by the Selling Agent or by the Participation Agents.