Loan Participation. Borrower acknowledges and agrees that Lender may, from time to time, sell or offer to sell interests in the Loan to one or more participants. Borrower authorizes Lender to disseminate any information it has pertaining to the Loan, including, without limitation, credit information on Borrower or any of its principals, to any such participant or prospective participant.
Loan Participation. Bank shall have the unrestricted right at any time and from time to time, and without the consent of or notice to Borrower, to grant to one or more banks or other financial institutions (each, a “Participant”) participating interests in Bank’s obligation to lend hereunder and/or any or all of the loans held by Bank hereunder. In the event of any such grant by Bank of a participating interest to a Participant, whether or not upon notice to Borrower, Bank shall remain responsible for the performance of its obligations hereunder and Xxxxxxxx shall continue to deal solely and directly with Bank in connection with Bank’s rights and obligations hereunder. Bank may furnish any information concerning Borrower in its possession from time to time to prospective Assignees and Participants, provided that Bank shall require any such prospective Assignee or Participant to agree in writing to maintain the confidentiality of such information.
Loan Participation. (a) If requested by Lender, Borrower will cooperate with Lender to provide any prospective Participant with information to enable the prospective Participant to purchase a participation.
Loan Participation. The Lender may, in its sole discretion, participate or assign all or a portion of the Loan to one or more lending institutions (Co-lenders or Participants). In the event the Lender assigns all or a portion of the Loan to a Co-Lender, the Lender's responsibility for the funding of that portion of the Loan will terminate upon the assumption by the Co-Lender of such responsibility. Lender may, but will not be obliged to serve as agent for the Co-Lenders with respect to the Loan.
Loan Participation. (a) TFC shall have the right, without prior notice to Borrower or any other Lender or Borrower's or any other Lender's approval, to designate one or more Participants or Lenders and to sell or grant to such Participants or Lenders participation or co-lender interests in the Loan, and in the respective Loan Documents, and in the Collateral, on terms and conditions satisfactory, in its sole and absolute discretion, to TFC. In the event that TFC so designates a Participant or Lenders and sells or grants such Participant or Lenders a participation or co-lender interest in the Loan, such Participant or Lenders shall communicate and deal only with TFC in respect to such Participant's or Lenders interest in the Loan, the Loan Documents and the Collateral, and Borrower shall communicate and deal only with TFC and not with any Participant or other Lender. TFC shall provide Borrower with prior written notice of the identity of each Participant and/or Lender. TFC shall use good faith efforts not to designate one or more Participants or Lenders which Borrower has advised TFC, in writing, are direct and material competitors of Borrower in the sale of timeshare intervals and who are thus reasonably objectionable to Borrower. Borrower agrees to, diligently and in good faith, cooperate with TFC in connection with its consummation and administration of a written participation or loan agreement or agreements with one or more Participants or Lenders or their successors and assigns, and in complying with the terms of any such participation or loan agreement, including with respect to periodic deliveries of accountings and reports with respect to the Loan, the Loan Documents and the Collateral. If the designation of such Participant or Lender results in an increase, modification, or extension of the Revolving Credit Period, the Maximum Loan Amount, the Acquisition/Construction Loan Maturity Date, the Revolving Loan Maturity Date or the amount of the Loan or any other modification to this Agreement, then the designation of such Participant or Lender shall be at the sole expense of Borrower. Otherwise, the designation of such Participant or Lender shall be at no cost to Borrower.
Loan Participation. The undersigned Employer agrees that loans shall be made available to its employees, and that it shall be obligated to deduct the appropriate payments from the pay of any employee pursuant to that employee’s Loan Agreement.
Loan Participation. (a) For purposes of this section:
Loan Participation. Borrower agrees and consents to Lender's sale or transfer, whether now or later, of one or more participation interests in the Loan to one or more purchasers, whether related or unrelated to Lender. Lender may provide, without any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Lender may have about Borrower or about any other matter relating to the Loan, and Borrower hereby waives any rights to privacy Borrower may have with respect to such matters. Borrower additionally waives any and all notices of sale of participation interests, as well as all notices of any repurchase of such participation interests. Borrower also agrees that the purchasers of any such participation interests will be considered as the absolute owners of such interests in the Loan and will have all the rights granted under the participation agreement or agreements governing the sale of such participation interests. Borrower further waives all rights of offset or counterclaim that it may have now or later against Lender or against any purchaser of such a participation interest and unconditionally agrees that either Lender or such purchaser may enforce Borrower's obligation under the Loan irrespective of the failure or insolvency of any holder of any interest in the Loan. Borrower further agrees that the purchaser of any such participation interests may enforce its interests irrespective of any personal claims or defenses that Borrower may have against Lender.
Loan Participation. The Lender Group, without additional cost and expense to the Borrower, reserves the right to sell, assign or transfer or grant a participation in the Credit Facility, in whole or in part, to one or more Persons (the "Participants"), without notice to, or the consent of the Borrower. For the purpose of selling, assigning, transferring or granting a participation, the Lender Group may disclose, on a confidential basis, to a potential Participant such information concerning the Borrower as the Lender Group considers appropriate. The Borrower agrees to execute and deliver such further documentation and take such further action as the Lender Group considers necessary or advisable to give effect to such sale, assignment, transfer or grant of participation. In the case of sale, assignment, transfer or granting of a participation, the Participant shall have, to the extent of such sale, assignment, transfer or grant of participation, the same rights and obligations as it would have if it were the Lender Group on the Closing Date and as such had executed this Agreement and the Security and any other instrument contemplated hereunder as required.
Loan Participation. Borrower acknowledges and agrees that Lender may, from time to time, sell or offer to sell interests in the Loan and Loan Documents to one or more participants. Borrower authorizes Lender to disseminate to such participant or prospective participant, any information it has pertaining to the Loan, including without limitation, complete and current credit information on the Borrower, any of its principals and Guarantor, provided that such participant or prospective participant shall agree to keep such information confidential. ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.
