Participation Advance definition

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

Participation Advance has the meaning specified in Section 2.9(c)(ii).

Participation Advance has the meaning set forth in Section 3.04(b).

Examples of Participation Advance in a sentence

• Each Lender shall record in its records, the date and amount of each Loan and Participation Advance made by such Lender hereunder, the interest rate with respect thereto, the Interest accrued thereon and each repayment and payment thereof.

• Each Lender shall record in its records, the date and amount of each Loan and Participation Advance made by such Lender hereunder, the Interest Rate with respect thereto, the Interest accrued thereon and each repayment and payment thereof.

• Each Group Agent shall record in its records, the date and amount of each Loan and Participation Advance made by the Lenders in its Group hereunder, the interest rate with respect thereto, the Interest accrued thereon and each repayment and payment thereof.

• The Agent shall apply funds deposited into the Defaulting Financial Institution Account to satisfy a Defaulting Financial Institution’s obligation to fund its portion of an LC Participation Advance required to be made by such Defaulting Financial Institution.

• If the Letter of Credit Lender receives any such payment prior to 1:00 p.m. on a Business Day and does not make payment to any such Lender which has made such a Participation Advance on the same Business Day, then such Lender shall be entitled to receive such Letter of Credit Lender interest at the Federal Funds Effective Rate for each day until such payment is made to such Lender.

More Definitions of Participation Advance

Participation Advance has the meaning specified in Section 2.7.3.3 [Disbursements, Reimbursement].

Participation Advance means, with respect to any Lender, such Lender's payment in respect of its participation in a Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.9.3.4.

Participation Advance has the meaning set forth in Section 1.14(b).

Participation Advance shall have the meaning specified in Section 2.10.4(a) [Repayment of Participation Advances].

Participation Advance shall have the meaning specified in Section 2.9(c) [Disbursements, Reimbursement].

Participation Advance means as is specified in Section 2.8(c)(iii) [Disbursements, Reimbursement].

Participation Advance means, with respect to any Bank, such Bank’s payment in respect of its participation in a Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.10.3.