Agreed Participation definition

Agreed Participation means the apportionment of economics as agreed between the Club Lenders and Noteholders such that: (i) the Noteholders receive 87.5% of the Aggregate Notes Percentage; and (ii) the Club Lenders receive 12.5% of the Aggregate Notes Percentage and the Aggregate Club Loan Percentage; in each case of any cash (other than, for the avoidance of doubt, the SFR Distribution) and/or securities that are distributed to all Senior Creditors. An application of the Agreed Participation to a distribution of New Notes and NewCo Equity is set out in more detail in Part 1: Overview of Schedule 8 (Term Sheet).
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Agreed Participation means, in relation to any distributions, an apportionment of such distribution such that: (a) the Holders of Senior Notes receive 87.5 percent of the Aggregate Senior Notes Percentage and (b) the Club Facility Lenders receive 12.5 percent of the Aggregate Senior Notes Percentage and 100 percent of the Aggregate Club Loan Percentage, in each case, of any Cash (other than, for the avoidance of doubt, the SFR Distribution) and/or securities that are distributed to all Holders of Senior Notes and Club Facility Lenders.
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Agreed Participation means that portion of the Percentage Discount or Rate of Participation to which the Board has been determined to be entitled by the Commission for the Project; the amount set forth in the Schedule of Principal and Interest Requirements, is the maximum annual amount which the Commission will pay toward principal and interest requirements of the Bonds.
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Examples of Agreed Participation in a sentence

  • In calculating the Agreed Participation, the Plan Debtors and the Plan Administrators should not, for the avoidance of doubt, take into account any Interim Distributions or SFR Distributions that have not yet occurred.

  • The Commission’s commitment to its Agreed Participation substantially in accordance with the Schedule of Principal and Interest Requirements set forth in Exhibit B to the Participation Agreement shall not be affected by the issuance of the 2013B Bonds and the refunding of those 2006A Bonds that are being refunded.

  • Pursuant to the Act and the Regulations of the Commission, the Commission has determined its Adjusted Agreed Participation which is to be applied to the debt service requirements for the Bonds herein identified on December 1 and June 1 of each year; therefore, the Commission hereby agrees to participate through the payment identified to be applied to the principal and interest requirements of the Bonds; the Board shall be responsible for all other expense requirements on the Bonds.


More Definitions of Agreed Participation

Agreed Participation or "Percentage Discount" or “Adjusted Agreed Participation” means the total dollar principal amount to which the Board has been determined to be entitled by the Commission; said amount to be equal to approximately 8.1% of the debt service requirements for the Bonds through December 1, 2030, as shown on Exhibit A hereto.
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Related to Agreed Participation

  • 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.

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

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

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

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

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