Participation Amounts Sample Clauses

Participation Amounts. The Lender shall cause the applicable Loan Documents to reflect, in addition to other normal and customary loan provisions: (i) at least the Lender Share (as defined on Appendix A), the MSF Share, the MSF Grace Period (as defined on Appendix A), the fees, and other essential terms of the Loan, including those which are described on Appendix A (the “Summary of Terms”), and (ii) provisions specifying the term of the Loan, payment due dates, amortization schedule, the respective principal and interest components and application of the scheduled payments on each of the Lender Share and MSF Share. This Participation Agreement constitutes a sale by the Lender to the MSF of the percentage of ownership interest in the Loan and related security and documents in the amount referenced as the MSF Share in the Summary of Terms. It is not, however, an extension of credit by the MSF to the Lender. The MSF shall be considered for all purposes the legal and equitable owner of the MSF Share, and all security and documents relating to the MSF Share of the Loan. The MSF will disburse the MSF Share to the Lender on or about the closing of the Loan Documents. No portion of the Loan shall be disbursed by the Lender to the Borrower without the Borrower’s full execution of all of the Loan Documents.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Participation Amounts. In the event that any Tag Along Rights Holder elects to sell less than the maximum amount of Membership Interests or other Equity Securities such Tag Along Rights Holder is entitled to sell pursuant to Section 9.3(a) (including if any Tag Along Rights Holder elects to sell no Membership Interests or other Equity Securities, or if any Tag Along Rights Holder fails to give written notice of its election to sell Membership Interests or other Equity Securities within the [15]-day period referred to in Section 9.3(a)), then NGR Management shall notify in writing each other Tag Along Rights Holder that has validly elected to sell the full portion of the Membership Interests or other Equity Securities such Tag Along Rights Holder is entitled to sell pursuant to Section 9.3(a) (“Fully Electing Members”) and the Tag Along Selling Member of such fact and a portion thereof not so elected to be sold (the “Unsubscribed Tag Along Securities”) may be sold by each of the Fully Electing Members and the Tag Along Selling Member, by delivering a written notice to NGR Management within [two (2)] Business Days after delivery of the written notice from NGR Management described in this sentence, in an amount equal to (i) the number of Unsubscribed Tag Along Securities multiplied by (ii) a fraction, (1) the numerator of which is the amount of Tag Along Securities such Fully Electing Member was initially entitled to sell pursuant to Section 9.3(a) (or, in the case of the Tag Along Selling Member, the number of Tag Along Securities less the aggregate number of Tag Along Securities that the Tag Along Rights Holders would be entitled to sell pursuant to Section 9.3(a) if each such Tag Along Rights Holder was a Fully Electing Member) and (2) the denominator of which is equal to (A) the amount of Tag Along Securities all Fully Electing Members were entitled to sell pursuant to Section 9.3(a) plus (B) the number of Tag Along Securities less (C) the aggregate number of Tag Along Securities that the Tag Along Rights Holders would be entitled to sell pursuant to Section 9.3(a) if each such Tag Along Rights Holder was a Fully Electing Member. To the extent the procedure described in the preceding sentence does not result in the sale of all Unsubscribed Tag Along Securities, such procedure shall be repeated until no Fully Electing Member has further elected to sell any then remaining Unsubscribed Tag Along Securities as set forth in this Section 9.3(b), in which case the Tag Along Selling Me...
Sample 1

Related to Participation Amounts

  • Participation Fees Vendor or vendor assigned dealer Agreements to pay the participation fee for all Agreement sales to TIPS on a monthly scheduled report. Vendor must login to the TIPS database and use the “Submission Report” section to report sales. The Vendor or vendor assigned dealers are responsible for keeping record of all sales that go through the TIPS Agreement. Failure to pay the participation fee will result in termination of Agreement. Please contact TIPS at tips@tips- xxx.xxx or call (000) 000-0000 if you have questions about paying fees.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Pro Rata Payments Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same oRering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders.

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 50% of the total Project Cost. The OPWC Participation Percentage shall be 50% not to exceed $100,000.

  • Mandatory Participation Participation in the Special Pay Plan is mandatory for all 24 eligible teachers.

  • DETERMINATION OF DBE PARTICIPATION A firm must be an eligible DBE and perform a professional or technical function relating to the project. Once a firm is determined to be an eligible DBE, the total amount paid to the DBE for work performed with his/her own forces is counted toward the DBE goal. When a DBE subcontracts part of the work of its contract to another firm, the value of the subcontracted work may be counted toward DBE goals only if the subprovider is itself a DBE. Work that a DBE subcontracts to a non-DBE firm does not count toward DBE goals. A DBE subprovider may subcontract no more than 70% of a federal aid contract. The DBE subprovider shall perform not less than 30% of the value of the contract work with assistance of employees employed and paid directly by the DBE; and equipment owned or rented directly by the DBE. DBE subproviders must perform a commercially useful function required in the contract in order for payments to be credited toward meeting the contract goal. A DBE performs a commercially useful function when it is responsible for executing the work of the contract and is carrying out its responsibilities by actually performing, managing, and supervising the work involved. To perform a commercially useful function, the DBE must also be responsible, with respect to materials and supplies used on the contract, for negotiating price, determining quality and quantity, ordering the material, and installing (where applicable) and paying for the material itself . When a DBE is presumed not to be performing a commercially useful function, the DBE may present evidence to rebut this presumption. A Provider may count toward its DBE goal a portion of the total value of the contract amount paid to a DBE joint venture equal to the distinct, clearly defined portion of the work of the contract performed by the DBE. Proof of payment, such as copies of canceled checks, properly identifying the Department’s contract number or project number may be required to substantiate the payment, as deemed necessary by the Department.

  • Reimbursement Amount Except for the metropolitan areas listed below, the maximum reimbursement for meals including tax and gratuity, shall be: Breakfast $ 9.00 Lunch $11.00 Dinner $16.00 For the following metropolitan areas the maximum reimbursement shall be: Breakfast $11.00 Lunch $13.00 Dinner $20.00 The metropolitan areas are: Atlanta Boston Cleveland Denver Hartford Kansas City Miami New York City Portland, OR San Francisco St. Louis Baltimore Chicago Dallas/Fort Worth Detroit Houston Los Angeles New Orleans Philadelphia San Diego Seattle Washington D.C. See Appendix L for details related to the boundaries of the above-mentioned metropolitan areas. The metropolitan areas also include any location outside the forty-eight (48) contiguous United States. Employees who meet the eligibility requirements for two (2) or more consecutive meals shall be reimbursed for the actual costs of the meals up to the combined maximum reimbursement amount for the eligible meals.

  • Funding Amount “Funding Amount” means an amount not to exceed Five Hundred Thousand Dollars ($500,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.

  • DETERMINATION OF HUB PARTICIPATION A firm must be an eligible HUB and perform a professional or technical function relating to the project. Proof of payment, such as copies of canceled checks, properly identifying the Department’s contract number or project number may be required to substantiate the payment, as deemed necessary by the Department. A HUB subprovider, with prior written approval from the Department, may subcontract 70% of a contract as long as the DocuSign Envelope ID: 1FDB1C48-24B1-4C40-8A33-17263E465FE2 HUB subprovider performs a commercially useful function. All subcontracts shall include the provisions required in the subcontract and shall be approved as to form, in writing, by the Department prior to work being performed under the subcontract. A HUB performs a commercially useful function when it is responsible for a distinct element of the work of a contract; and actually manages, supervises, and controls the materials, equipment, employees, and all other business obligations attendant to the satisfactory completion of contracted work. If the subcontractor uses an employee leasing firm for the purpose of providing salary and benefit administration, the employees must in all other respects be supervised and perform on the job as if they were employees of the subcontractor.

Time is Money Join Law Insider Premium to draft better contracts faster.