Funded Participation definition

Funded Participation means (x) with respect to any Participant other than Truist Bank, the portion of such Participant’s Participating Commitment that has been funded in US Dollars or Canadian Dollars, and (y) with respect to Truist Bank, the portion of the Facility Commitment (including Swing Line Advances) that has been funded in US Dollars or Canadian Dollars, less the aggregate Funded Participations of all other Participants.
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Funded Participation has the meaning given to it in Clause 2.
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Funded Participation means a Participation on a funded basis;
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Examples of Funded Participation in a sentence

  • After “Legal Transfer only” (which the parties specified) the text of the Trade Confirmations noted that this was (the italics are in the original) “(applicable only if “Legal Transfer” has been selected above and if the Seller and the Buyer do not wish to settle the transaction by a Funded Participation if a third party consent or other specified condition is not obtained or fulfilled)”.

  • The parties also however specified a term modifying the standard form LMA Funded Participation Agreement (Par/Distressed) “if this transaction settles by Funded Participation”.

  • They did, in the Trade Confirmations, arguably contemplate the possibility of using the Funded Participation model.

  • They appeared in the Introduction to a section on Funded Participation Agreements and Risk Participation Agreements.

  • In a Funded Participation, the institution deposits money with the selling bank which may only be repaid as and when the underlying loan asset pays interest or principal.

  • Pigott sent a further marked-up copy of the trade confirmation, and asked Freshfields to review the draft of the LMA Funded Participation Agreement sent on 31 August 2005.

  • On 29 February 2016 the Group received a subordinated loan from its parent Sberbank of Russia in the amount of EUR 15 million at an interest rate of 5.98%, repayable on 1 March 2023.At 31 December 2018 the Group has entered into Funded Participation Deals.

  • However, on 19 September 2005 Freshfields provided comments on some of the documentation sent on 31 August 2005 and again said that they would “like to understand the reasons for using the LMA Funded Participation as opposed to a straight assignment (eg the LMA Assignment Agreement duly modified and amended)”.

  • All damage to or loss of property (other than property included in classes 3, 4, 5, 6 and7) due to hail or frost, and any event such as theft, other than those falling within class 8.

  • Under this agreement Greensill will transfer from time to time (pursuant to sale agreements as provided by or in the form scheduled to the Master Funded Participation Agreement, each a Participation Sale Agreement) a share of its beneficial interest in each Citi Trust relating to the Relevant Obligor in which the Issuer wishes to invest (each, a Participation and, together with the related IPUs, the Relevant Claims).


More Definitions of Funded Participation

Funded Participation means a Participation that is either fully funded by the Participant when the Participation Agreement is entered into or that, due to the nature of the Participated Transaction, may be fully or partially funded at a later date pursuant to Clause 6.2.2, and in all cases under which the Seller may make one or more demands for payment upon the Participant pursuant to Clause 10.5;
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Funded Participation. Dated: Credit Agreement Details Borrower(s): UPC Broadband Credit Agreement Dated: 26th October 2000 (as amended from time to time) Guarantor(s): The Guarantors listed in Part 1 of Schedule 1 to the Credit Agreement together with any Additional Guarantors Agent Bank: TD Bank Security Limited Security: Yes (as constituted by the Security Documents) Total Facility Amount: €3,595,000,000 and US$347,500,000 Governing Law: English Additional Information: Participation Details: Participated Tranches/Facilities: [Tick the dates of all the Facility B Repayment Instalments which are the subject of the Funded Participation] [ ] 31st December, 2004 [ ] 30th June, 2005 [ ] 31st December, 2005 [ ] 30th June, 2006 [ ] 31st December, 2006 Name of Tranche/Facility: Facility B Nature (Revolving or Term): Term Contractual Margin:(1) % % Recurring Fees Final Maturity:(1) Participation Commitment: [Specify aggregate amount of the Participant's Participation Commitments] Details of outstanding Facility B Loans(3) Specify in respect of each Facility B Loan: Drawn Amount: [ ] Tranche/Facility: Facility B Nature: Term Administration Details Grantor's Receiving Account Participant's Receiving Account: Addresses Participant Transferee [ ] [ ] Address: Address: Telephone: Telephone:
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Funded Participation means a loan participation transaction in which the participant funds the grantor in return for payments from the grantor equal to the principal, interest, and commissions, if any, under the loan agreement;
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Funded Participation. Dated: Credit Agreement Details: Borrower(s): Credit Agreement Dated: Guarantor(s): Agent Bank: Security:  No  Yes (specify) Total Original Facility Amount: Governing Law: Additional Information: Participation Details: Participated Tranches/Facilities: Name of Tranche/Facility: Nature (Revolving or Term): Contractual Margin1: % % Final Maturity: Grantor's Commitment:1 Drawn Amount:1 Undrawn Amount:1 Participation Commitment: Participant's Proportion:1 % % Transfer Date: Details of outstanding Loans:1 Specify in respect of each Loan: Drawn Amount: Tranche/Facility: Nature:  Term or  Revolver Drawn Amount: Tranche/Facility: Nature:  Details of other Loans are set out on the attached sheet 1 As at the date of the Transfer Certificate.
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Related to Funded Participation

  • 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:

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • 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 Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 March 2018 is 200% (in any case, it will not be below 170%).

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

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

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).