50 of the Top 250 law firms use our Products every day
Limited Waiver of Contract
Provision
WHEREAS ,
Huntington Preferred Capital Holdings, Inc.
(“Holdings”) acquires from time to time participation
interests in loans originated by the The Huntington National Bank
(the “Bank”) and its affiliates under a Third Amended
and Restated Loan Participation Agreement between Holdings and the
Bank dated May 12, 2005 (the “Holdings Participation
Agreement”); and
WHEREAS ,
Huntington Preferred Capital, Inc. (the “Corporation”)
acquires from time to time participation interests in loans
originated by the Bank and its affiliates under a Third Amended and
Restated Loan Subparticipation Agreement between the Corporation
and Holdings dated May 12, 2005, (the “HPCI
Subparticipation Agreement”), and an Second Amended Loan
Participation Agreement between the Corporation and the Bank dated
May 12, 2005 (the “HPCI Participation Agreement”);
and
WHEREAS ,
pursuant to the terms of the Holdings Participation Agreement, the
HPCI Subparticipation Agreement and the HPCI Participation
Agreement (collectively the “Agreements”), at the time
of any transfer of a participation interest, the transferor will
assign to transferee transferee’s share of the
transferor’s right, title and interest in the loans including
any associated origination fees; and
WHEREAS ,
pursuant to the terms of the Agreements, the Bank performs
servicing of the loans u
|
