100% Participation definition
Examples of 100% Participation in a sentence
If the MPF Provider acquires a 100% Participation Interest in all Loans funded or purchased under Designated Delivery Commitments, then all such Loans will be Designated Loans without the need for a specific participation certificate.
From time to time the parties hereto may enter into transactions in which Seller agrees to transfer to Buyer all of Seller’s right, title and interest in and to designated pools of fully amortizing first lien residential Mortgage Loans (defined below) (each such pool of Mortgage Loans so purchased and sold, a “Pooled Loan”), each in the form of a 100% Participation Interest evidenced by a Participation Certificate, against the transfer of funds by Buyer, as more particularly set forth herein.
Without limiting the foregoing, Seller and Participant agree that Participant is purchasing the entire beneficial interest in each Mortgage Loan in which a 100% Participation is purchased hereunder, and each shall show Seller's purchase of a 100% Participation in a Mortgage Loan as a purchase by Participant and a sale by Seller of the entire Mortgage Loan in question, and after such purchase and sale Seller shall not carry any Mortgage Loan as an asset on its balance sheet.
Notwithstanding any provision of this Agreement or the Custodian Agreement, the purchase price to be paid by Participant to Seller for each 100% Participation (the "Participation Purchase Price") shall be a sum equal to (i) *** of the principal amount of any Acceptance Sheet Mortgage Loan or, (ii) as to any other Mortgage Loan, the lesser of: (A) *** of the principal amount of the Mortgage Loan; or (B) the amount of the Commitment.
Machine Gatherers will be paid on the average of the Pressers' and Gatherers' rate at 100% Participation.
The Lender hereby offers to the Participant, and the Participant hereby accepts such offer, a one hundred percent (100%) Participation in the Collateral.
Section 11.8.1 Pay $250 million on September 15, 2026 or if the 100% Participation Level is not satisfied by September 15, 2026, within twenty-one (21) days of satisfying the 100% Participation Level” but, in all events, no sooner than September 15, 2026.
Article 100 Participation of EFTA States’ experts in the EU comitology system .........................................................................
November 1, 1984 through October 31, 1987 - GHV 274/484 (Excess of Loss) Retention --------- Initial Retention - $250,000 Indexed Amount Each 12 Months - $25,000 Current Retention - $575,000 (All three years) Treaty Allocation ----------------- 12 Months Ended October 31, 1985 (100% Participation) .
On the Closing Date, the Company shall cause the Servicer to reflect on its system of record the Investor as the owner of a 100% Participation Interest in the related Mortgage Loan.