Example ContractsClausesparticipationsIdentical
Participations
Participations contract clause examples

At any time after L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with [Section 2.3(c)], if Administrative Agent receives for the account of L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from Borrower or otherwise, including proceeds of Cash Collateral applied thereto by Administrative Agent), Administrative Agent will distribute to such Revolving Credit Lender its Applicable Percentage thereof in the same funds as those received by Administrative Agent.

Source document
First Amendment to Amended and Restated Credit Agreement
Source: SEC EDGAR database • Date: November 7, 2024 • SIC: 7363 • CIK: 7363
Fourth Amendment to Credit Agreement
Source: SEC EDGAR database • Date: May 25, 2023 • SIC: 7363 • CIK: 7363
Third Amendment to Credit Agreement
Source: SEC EDGAR database • Date: May 11, 2023 • SIC: 7363 • CIK: 7363

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.