ASSIGNMENT AND PARTICIPATION definition

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
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

Examples of ASSIGNMENT AND PARTICIPATION in a sentence

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

  • ASSIGNMENT AND PARTICIPATION 75 §18.1 Conditions to Assignment by Lenders.

  • ASSIGNMENT AND PARTICIPATION 158 Section 18.1 Conditions to Assignment by Lenders 158 Section 18.2 Register 159 Section 18.3 New Notes 159 Section 18.4 Participations 159 Section 18.5 Pledge by Lender 160 Section 18.6 No Assignment by Borrowers 160 Section 18.7 Disclosure 160 Section 18.8 Mandatory Assignment 161 Section 18.9 Amendments to Loan Documents 161 Section 18.10 Titled Agents 161 SECTION 19.

  • ASSIGNMENT AND PARTICIPATION 128 §18.1 Conditions to Assignment by Lenders 128 §18.2 Register 129 §18.3 New Notes 130 §18.4 Participations 130 §18.5 Pledge by Lender 131 §18.6 No Assignment by Borrower 131 §18.7 Disclosure 131 §18.8 Mandatory Assignment 132 §18.9 Amendments to Loan Documents 133 §18.10 Titled Agents 133 §19.

  • ASSIGNMENT AND PARTICIPATION 118 §18.1 Conditions to Assignment by Lenders 118 §18.2 Register 120 §18.3 New Notes 120 §18.4 Participations 121 §18.5 Pledge by Lender 121 §18.6 No Assignment by Borrower 121 §18.7 Cooperation; Disclosure 121 §18.8 Mandatory Assignment 122 §18.9 Co-Agents 123 §18.10 Treatment of Certain Information; Confidentiality 123 §18.11 Withholding Tax 123 §19.

  • ASSIGNMENT AND PARTICIPATION 129 §18.1 Conditions to Assignment by Lenders 129 §18.2 Register 130 §18.3 New Notes 130 §18.4 Participations 131 §18.5 Pledge by Lender 131 §18.6 No Assignment by the Borrower or the Guarantors 132 §18.7 Disclosure 132 §18.8 Amendments to Loan Documents 133 §18.9 Mandatory Assignment 133 §18.10 Titled Agents 133 §19.

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

  • ASSIGNMENT AND PARTICIPATION 97 18.1. General Conditions 97 18.2. Assignments 97 18.3. Register 98 18.4. New Notes 98 18.5. Participations 98 18.6. Payments to Participants 99 18.7. Assignee or Participant Affiliated with the Credit Parties 99 18.8. Miscellaneous Assignment Provisions 99 18.9. Special Purpose Funding Vehicle 100 19.

  • ASSIGNMENT AND PARTICIPATION 89 11.1 Assignments 89 11.2 Participations 89 12.

  • 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 of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • 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 F 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 means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-2 or any other form approved by the Administrative Agent and the Borrower.

  • 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 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 Exhibit A or any other form approved by the Administrative Agent.

  • 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 an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • 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.

  • 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 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 Exhibit A 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 Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

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

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