Example ContractsClausesno collateral, netting or setoffVariants
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Benefit of Setoff. agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.1] with respect to the amount of participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.2] as if each Participant were a Lender.

Benefit of Setoff. The Borrower agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.1] with respect to the amount of participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.2] as if each Participant were a Lender.

Benefit of Setoff. agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.1] with respect to the amount of participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.2] as if each Participant were a Lender.

Benefit of Setoff. agreesSet-Off. Borrowers agree that each Participant shall be deemed to have thea right of setoff provided in [Section 11.1]set-off in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participatingsuch interest were owing directly to it as a Lender under the Loan Documents, provided thatLender, and each Lender shall also retain the right of setoff provided in [Section 11.1]set-off with respect to the amount ofany participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by it. By exercising theany right of setoff provided in [Section 11.1],set-off, a Participant agrees to share with each Lender, any amountLenders all amounts received pursuant to the exercise ofthrough its right of setoff, such amounts to be sharedset-off, in accordance with [Section 11.2]12.5] as if eachsuch Participant were a Lender.

Benefit of Setoff. Certain Provisions. The Borrower agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.12.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.12.1] with respect to the amount of participating interests sold to each Participant. The B" data-ad-field-type="a" data-ad-field-json='{"name":"Organization B","type":"a","canGuess":{"name":false,"type":false}}'>​ agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.12.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.12.2] as if each Participant were a Lender. The Borrower further agree that each Participant shall be entitled to the benefits of [[Sections 3.1, 3.2, 3.3, 3.4, 3.5, 10.6 and 10.10]0]0]0]0]0]0]]0]0]0]0]0] to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to [Section 13.3] (subject to the requirements and limitations therein, including the requirements under [Section 3.5(f)] (it being understood that the documentation required under [Section 3.5(f)] shall be delivered to the participating Lender)), provided that # a Participant shall not be entitled to receive any greater payment under [[Section 3.1 or 3.2 or 3.3]3]3]]3] than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrower, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation, # such Participant agrees to be subject to the provisions of [Section 3.6] as if it were an assignee under [Section 13.2.2] and # any Participant not incorporated under the laws of the United States of America or any State thereof agrees to comply with the provisions of [Section 3.5(f)] to the same extent as if it were a Lender. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of [Section 3.6] with respect to any Participant.

Benefit of Setoff. Certain Provisions. Each Borrower agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.12.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.12.1] with respect to the amount of participating interests sold to each Participant. The _Organization B: agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.12.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.12.2] as if each Participant were a Lender. The Borrowers further agree that each Participant shall be entitled to the benefits of [[Sections 3.1, 3.2, 3.3, 3.4, 3.5, 10.6 and 10.10]0]0]0]0]0]0]]0] to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to [Section 13.3] (subject to the requirements and limitations therein, including the requirements under [Section 3.5(f)] (it being understood that the documentation required under [Section 3.5(f)] shall be delivered to the participating Lender)), provided that # a Participant shall not be entitled to receive any greater payment under [Section 3.1 or 3.2 or 3.3]3]3] than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrowers, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation, # such Participant agrees to be subject to the provisions of [Section 3.6] as if it were an assignee under [Section 13.2.2] and # any Participant not incorporated under the laws of the United States of America or any State thereof agrees to comply with the provisions of [Section 3.5(f)] to the same extent as if it were a Lender. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of [Section 3.6] with respect to any Participant.

Benefit of Setoff. Certain Provisions. Each Borrower agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.12.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.12.1] with respect to the amount of participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.12.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.12.2] as if each Participant were a Lender. The Borrowers further agree that each Participant shall be entitled to the benefits of [Sections 3.1, 3.2, 3.4, 3.5, 10.6 and 10.10]0]0]0]0]0] to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to [Section 13.3] (subject to the requirements and limitations therein, including the requirements under [Section 3.5(f)] (it being understood that the documentation required under [Section 3.5(f)] shall be delivered to the participating Lender)), provided that # a Participant shall not be entitled to receive any greater payment under [Section 3.1 or 3.2]2] than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrowers, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation, # such Participant agrees to be subject to the provisions of [Section 3.6] as if it were an assignee under paragraph # of this Section and # any Participant not incorporated under the laws of the United States of America or any State thereof agrees to comply with the provisions of [Section 3.5(f)] to the same extent as if it were a Lender. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of [Section 3.6] with respect to any Participant.

Benefit of Setoff. Certain Provisions. Each Borrower agrees that each Participant shall be deemed to have the right of setoff provided in [Section 11.12.1] in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in [Section 11.12.1] with respect to the amount of participating interests sold to each Participant. The agree to share with each Participant, and each Participant, by exercising the right of setoff provided in [Section 11.12.1], agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with [Section 11.12.2] as if each Participant were a Lender. The Borrowers further agree that each Participant shall be entitled to the benefits of [Sections 3.1, 3.2, 3.4, 3.5, 10.6 and 10.100]0]0]0]0]0]]0]0] to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to [Section 13.3] (subject to the requirements and limitations therein, including the requirements under [Section 3.5(f)] (it being understood that the documentation required under [Section 3.5(f)] shall be delivered to the participating Lender)), provided that # a Participant shall not be entitled to receive any greater payment under [[Section 3.1 or 3.2]2]] than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrowers, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation, # such Participant agrees to be subject to the provisions of [Section 3.6] as if it were an assignee under paragraph # of this Section and # any Participant not incorporated under the laws of the United States of America or any State thereof agrees to comply with the provisions of [Section 3.5(f)] to the same extent as if it were a Lender. Each Lender that sells a participation agrees, at the Borrowers’ request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of [Section 3.6] with respect to any Participant.

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