Additional Participation definition
Examples of Additional Participation in a sentence
The Facility Agent shall promptly notify KECI of the details of each Committed Additional Participation.
In addition, we may, from time to time hereafter, contribute undivided interests in additional Assets (each an "Additional Participation" and, together with the Initial Contributed Participations, a "Participation") to you as capital.
Additional Participation Rent shall bear interest at the lesser of fifteen (15%) per annum or the highest rate allowed by law from the date on which the additional Participation Rent was due until it is paid in full with interest.
Holders of the Class A Preferred Shares shall be entitled to receive an additional dividend in the amount of the Additional Participation Amount to the extent, and on the date, that the Company pays dividends on the Common Shares.
On October 7, 2003, the MPF Provider shall pay the lump sum of One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) to the Pittsburgh Bank which amount is the present value of the uncertain future monthly Regular Participation Fee and Additional Participation Fee previously required under Section 2.4 of the Agreement, by crediting the Pittsburgh Bank’s Clearing Account.
The parties hereto agree that Schedule 1.1A to the Credit Agreement is hereby deemed to be amended to reflect the [Additional Participation Foreign Credit Instrument Issuing Commitment] [Additional Bilateral Foreign Credit Instrument Issuing Commitment] [Increased Participation Foreign Credit Instrument Issuing Commitment] [Increased Bilateral Foreign Credit Instrument Issuing Commitment] of the New Foreign Issuing Lender.
The right of the holders of Class A Preferred Shares to receive any Additional Participation Amount shall be conditional upon and rank pari passu with the right of holders of Common Shares to receive dividends on the Common Shares.
The amounts set forth on the Participant Schedule and the Additional Participation Plan Amount (as determined in accordance with the terms of the Participation Plan and Section 3.2 hereof) shall fully satisfy and discharge any and all amounts due to Participants under the Participation Plan.
The Loan Parties shall cause the funding of an Additional Participation Tranche (under and as defined in the Participation Agreement) in an amount not less than $500,000 on or before November 11, 2022.
Seller has the full corporate power and corporate authority to execute and deliver this Agreement and to perform all its obligations hereunder, including, without limitation, selling and transferring the Additional Participation Interest hereunder.