Assignments/ Participations definition

Assignments/ Participations. Each member of the Bank Group shall have the right to assign or participate any portion of its commitment amount to other institutional lenders, provided that (i) with respect to assignments only, the Agent, and so long as no default has occurred and is continuing, the Borrower, shall have the right to approve any assignee, which approvals may not be unreasonably withheld, and (ii) each assignee and participant shall have a commitment amount of at least $2,500,000. No such assignment or participation shall entitle the purchaser to a greater payment than the seller would have been entitled to receive under the increased costs and tax provisions of the credit documentation.
Sample 1
Assignments/ Participations. The Lenders may sell or assign their respective loans under the Subdebt Financing without the consent of the other Loan Parties. The Lenders may also sell participations in their respective loans under the Subdebt Financing without the consent of the other Loan Parties, provided that such participants shall be limited to customary voting rights. FEES & EXPENSES: Upon closing of the Transaction, the Borrower shall be fully obligated to pay, and shall immediately, reimburse the Lenders for all their out-of-pocket expenses incurred in connection with the Transaction and pay the Lenders a fee of 3% of the Subdebt Financing.
Sample 1
Assignments/ Participations. The Liquidity Providers may sell assignments under the 364-Day Liquidity Facility and 5-Year Liquidity Facility with the consent of the Company and the CLO Administrative Agent (such consents not to be unreasonably withheld, and which consent of the Company shall not be required (i) so long as a Default or Unmatured Default shall have occurred and is continuing and (ii) for any assignment to another Liquidity Provider or Lender or to an affiliate of a Liquidity Provider or Lender) or participations in their commitments under the Liquidity Facilities. Dissemination of information to potential assignees or participants shall be subject to execution of confidentiality agreements reasonably satisfactory to the Company. The assignor shall pay an assignment fee of $3,500 to the CLO Administrative Agent upon any assignment by a Liquidity Provider of its rights and obligations under the Liquidity Facilities (including, but not limited to, an assignment by a Liquidity Provider to another Liquidity Provider or Lender, but excluding any assignment by a Liquidity Provider to an affiliate of such Liquidity Provider) or such lesser amount as may be acceptable to the CLO Administrative Agent.
Sample 1

Examples of Assignments/ Participations in a sentence

  • Exposure to Counterparties The Issuer will be exposed to a number of counterparties (including in relation to any Assignments, Participations and Hedge Transactions and also each of the Agents) throughout the life of the Notes.

  • Assignments, Participations and Hedge Transactions involve the Issuer entering into contracts with counterparties.

  • Exposure to Counterparties The Issuer will be exposed to a number of counterparties (including in relation to any Assignments, Participations and Hedge Transactions and also to each of the Agents) throughout the life of the Notes.

  • This reliable guide covers: o Commitments, Loans, and Letters of Credit o Interest and Fees o Amortization and Maturity o Conditions Precedent o Representations o Covenants o Guarantees and Security o Defaults and Enforcement o Interlender, Voting, and Agency issues o Defaulting Lenders o Assignments, Participations, and Disqualified Lender ListsBorrower Rights o Regulatory Developments Structuring and managing credit agreements has always been a difficult process – but now it’s more complicated than ever.

  • Exposure to CounterpartiesThe Issuer will be exposed to a number of counterparties (including in relation to any Assignments, Participations and Hedge Transactions and also each of the Agents) throughout the life of the Notes.

  • Assignments, Participations, and Hedge Transactions, involve the Issuer entering into contracts with counterparties.

  • Section 8.1. Amendments and Waivers 31 Section 8.2. Communications 32 Section 8.3. No Waiver; Cumulative Remedies 33 Section 8.4. Survival of Representations and Warranties 33 Section 8.5. Payment of Expenses, Taxes and Costs 33 Section 8.6. Successors and Assigns; Assignments; Participations 34 Section 8.7. Right of Set-off 39 Section 8.8. Counterparts 39 Section 8.9. Severability 39 Section 8.10.

  • TERM OF AGREEMENT; MISCELLANEOUS 137147 14.1 Term 137147 14.2 Interpretative Provisions 137147 14.3 Notices 138148 14.4 Partial Invalidity 140150 14.5 Confidentiality 140150 14.6 Successors 142152 14.7 Assignments; Participations 142152 14.8 Entire Agreement 147157 14.9 USA XXXXXXX Xxx 000000 14.10 Counterparts, Etc.

  • The Issuer will be exposed to a number of counterparties (including in relation to any Assignments, Participations and Hedge Transactions and also each of the Agents) throughout the life of the Refinancing Notes.

  • Exposureto Counterparties The Issuer will be exposed to a number of counterparties (including in relation to any Assignments, Participations and Hedge Transactions and also each of the Agents) throughout the life of the Notes.


More Definitions of Assignments/ Participations

Assignments/ Participations. On the terms as contemplated by the Commitment Letter and in the form attached as Annex III thereto.
Sample 1

Related to Assignments/ Participations

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Participations shall have the meaning set forth in Section 13.1 hereof.

  • Assignments Each as defined in Section 2.01(c).

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Assignment and Conveyance An Assignment and Conveyance in the form of Exhibit I hereto dated as of the related Closing Date, by and between the Company and the Purchaser.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • 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.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

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

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit G or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.