Examples of Loan Participation Agreement in a sentence
If the Loan Participation Agreement is terminated pursuant to Clause 2.3 of the Loan Participation Agreement, the relevant Issuer will redeem each Security on the relevant Termination Date (as defined in the Loan Participation Agreement) (the “ Redemption Date”) at the Redemption Amount.
Occupational licenses covering each year since the use became nonconforming.2. Business records such as sales receipts, invoices, tax receipts, ledger books.3. Tax records or other proof of continuous use.
The primary bank or credit union must agree to the Agency Agreement and the Loan Participation Agreement.
If there has been an Event of Default under and as defined in the Swap Agreement and/or the Repurchase Agreement and/or the Loan Participation Agreement and the Counterparty is the Defaulting Party, the relevant Issuer shall give notice thereof to the Securityholders, the Selling Agent and the Trustee.
On August 4, 2023, the Company entered into a Loan Participation Agreement (the “Participation Agreement”) with Oak Institutional Credit Solutions, LLC, a related party and Delaware limited liability company (the “Participant”), whereby the Company sold a participation interest to the Participant equal to 5.6% of a $8.0 million senior secured loan for a purchase price of $450,000.