Funded Participation definition

Funded Participation means (x) with respect to any Participant other than Truist Bank, the portion of such Participant’s Participating Commitment that has been funded in US Dollars or Canadian Dollars, and (y) with respect to Truist Bank, the portion of the Facility Commitment (including Swing Line Advances) that has been funded in US Dollars or Canadian Dollars, less the aggregate Funded Participations of all other Participants.
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Funded Participation means a Participation on a funded basis;
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Funded Participation has the meaning given to it in Clause 2.
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Examples of Funded Participation in a sentence

  • The Sponsor expressly consents to the foregoing arrangements and agrees, to the extent permitted by applicable law, that any Participant holding a Funded Participation or a participation in a Funded Participation deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Sponsor to such Participant by reason thereof.

  • Interest on each Participant’s US Funded Participation shall be payable by the Servicer to the Participants in US Dollars on each Participant Monthly Payment Date from interest payments received on the US Loans on such Participant Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.

  • Interest on each Participant’s Canadian Funded Participation shall be payable by the Servicer to the Participants in Canadian Dollars on each Participant Canadian Monthly Payment Date from interest payments received on the Canadian Loans on such Participant Canadian Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.

  • Subject to the application of payments pursuant to Article III and except as specifically provided therein, each payment of principal of any Funded Participation, each payment of interest with respect to the Funded Participation, each payment of the Participant Commitment Fees and each reduction of the Participating Commitments shall be allocated pro rata among the Participants in accordance with their respective applicable Pro Rata Shares.

  • A person who is not a Party has no rights under the Contracts (Rights of Third Parties) Xxx 0000 to enforce or to enjoy the benefit of any term of the Funded Participation.

  • All payments by a Party shall be made without set-off or counterclaim other than in respect of amounts which are due to that Party under the Funded Participation.

  • The Transferee hereby requests the Grantor to accept the Transfer Certificate as being delivered to the Grantor pursuant to and for the purposes of the Funded Participation so as to take effect in accordance with the terms of the Funded Participation on the Transfer Date or on such later date as may be determined in accordance with the terms thereof.

  • It is recommended that The Chilterns Conservation Board adopt the similar compensation arrangements, with an agreement for a further review in 12 months to ensure continued compliance with statutory and local government pension scheme regulations.

  • After “Legal Transfer only” (which the parties specified) the text of the Trade Confirmations noted that this was (the italics are in the original) “(applicable only if “Legal Transfer” has been selected above and if the Seller and the Buyer do not wish to settle the transaction by a Funded Participation if a third party consent or other specified condition is not obtained or fulfilled)”.

  • Each Party agrees, at its own expense, to take any further action and to execute any further documents and/or instruments as the other may reasonably request to give effect to the Funded Participation.


More Definitions of Funded Participation

Funded Participation means a Participation that is either fully funded by the Participant when the Participation Agreement is entered into or that, due to the nature of the Participated Transaction, may be fully or partially funded at a later date pursuant to Clause 6.2.2, and in all cases under which the Seller may make one or more demands for payment upon the Participant pursuant to Clause 10.5;
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Funded Participation means a loan participation transaction in which the participant funds the grantor in return for payments from the grantor equal to the principal, interest, and commissions, if any, under the loan agreement;
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Funded Participation. Dated: Credit Agreement Details: Borrower(s): Credit Agreement Dated: Guarantor(s): Agent Bank: Security:  No  Yes (specify) Total Original Facility Amount: Governing Law: Additional Information: Participation Details: Participated Tranches/Facilities: Name of Tranche/Facility: Nature (Revolving or Term): Contractual Margin1: % % Final Maturity: Grantor's Commitment:1 Drawn Amount:1 Undrawn Amount:1 Participation Commitment: Participant's Proportion:1 % % Transfer Date: Details of outstanding Loans:1 Specify in respect of each Loan: Drawn Amount: Tranche/Facility: Nature:  Term or  Revolver Drawn Amount: Tranche/Facility: Nature:  Details of other Loans are set out on the attached sheet 1 As at the date of the Transfer Certificate.
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Funded Participation. Dated: Credit Agreement Details Borrower(s): UPC Broadband Credit Agreement Dated: 26th October 2000 (as amended from time to time) Guarantor(s): The Guarantors listed in Part 1 of Schedule 1 to the Credit Agreement together with any Additional Guarantors Agent Bank: TD Bank Security Limited Security: Yes (as constituted by the Security Documents) Total Facility Amount: €3,595,000,000 and US$347,500,000 Governing Law: English Additional Information: Participation Details: Participated Tranches/Facilities: [Tick the dates of all the Facility B Repayment Instalments which are the subject of the Funded Participation] [ ] 31st December, 2004 [ ] 30th June, 2005 [ ] 31st December, 2005 [ ] 30th June, 2006 [ ] 31st December, 2006 Name of Tranche/Facility: Facility B Nature (Revolving or Term): Term Contractual Margin:(1) % % Recurring Fees Final Maturity:(1) Participation Commitment: [Specify aggregate amount of the Participant's Participation Commitments] Details of outstanding Facility B Loans(3) Specify in respect of each Facility B Loan: Drawn Amount: [ ] Tranche/Facility: Facility B Nature: Term Administration Details Grantor's Receiving Account Participant's Receiving Account: Addresses Participant Transferee [ ] [ ] Address: Address: Telephone: Telephone:
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Related to Funded Participation

  • 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:

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

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Participation Percentage means the rounded 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 rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, 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.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • 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.

  • 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.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made available to the Administrative Agent such Xxxxxx’s share of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender, and (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant to Section 2.03(d).

  • 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);

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

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

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

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 October 2017 is 100% (in any case, it will not be below 80%).

  • 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.

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

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

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • 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.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Swing Line Participation Amount as defined in Section 2.7(c).

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

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

  • Risk Participation Liability means, as to each Letter of Credit, all reimbursement obligations of Borrowers to the Issuing Lender with respect to an L/C Undertaking, consisting of (a) the amount available to be drawn or which may become available to be drawn, (b) all amounts that have been paid by the Issuing Lender to the Underlying Issuer to the extent not reimbursed by Borrowers, whether by the making of an Advance or otherwise, and (c) all accrued and unpaid interest, fees, and expenses payable with respect thereto.