Participating Interests definition

Participating Interests means the direct or indirect ownership by an undertaking of 20% or more of the voting rights or capital of another undertaking.

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Participating Interests means the purchase or acquisition of

Participating Interests has the meaning set forth in Section 14.1(e).

Examples of Participating Interests in a sentence

The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement.
On the Funding Date each Lender shall be deemed to have either sold or purchased, as applicable, Participating Interests so that upon consummation of all such sales and purchases, each Lender, other than any Lender acting as a L/C Issuer, holds an undivided participating interest in each Letter of Credit and each Reimbursement Obligation equal to such Revolver Percentage as of such Funding Date.

More Definitions of Participating Interests

Participating Interests means the purchase or acquisition of an interest in an existing permanent mortgage loan.

Participating Interests has the meaning set forth in Section 4.1;

Participating Interests mean and include the Canadian Participating Interest and the U.S. Participating Interest.

Participating Interests means, with respect to the preemptive rights set forth in Section 4.5 or the co-sale rights set forth in Section 9.2.2, in which a class or classes of Units are entitled to participate, that percentage of the total Units in the Company so entitled to participate represented by the ratio of (i) such Member’s Units in the Company so entitled to participate to (ii) the total outstanding Units in the Company so entitled to participate.

Participating Interests has the meaning set forth in Recital E.

Participating Interests means the percentage interest representing the operating ownership interest of a Participant in the Assets and all other rights and obligations arising under this Agreement, as such interest may from time to time be adjusted hereunder. Participating Interests shall be calculated to three decimal places and rounded to two (e.g., 1.519% rounded to 1.52%). Decimals of .005 or more shall be rounded up to 01; decimals of less than .005 shall be rounded down.

Participating Interests means, with respect to each Intermediary Owner, a Contributor’s rights and interests in such Intermediary Owner, as more fully set forth on Exhibit “B”, including without limitation, such Contributor’s voting rights and interests in the capital, profits and losses of such Intermediary Owner or any money or property distributable therefrom. The Participating Interests include the Contributor’s rights and interests in ▇▇▇▇▇▇ Development Partners, L.P., a California limited partnership (“TDPLP”), which shall be deemed to be an Intermediary Owner for purposes hereof.