Participating Loan definition

Participating Loan means a Mortgage Loan that entitles the lender to the receipt of interest based on a percentage of the mortgaged property's revenues or cash flow, and/or any gain on sale of the property which Participating Loan may be a Mezzanine Loan, Construction Loan, Bridge Loan or other Mortgage Loan.

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Participating Loan means a Loan introduced to the program by the Sub-Originator and where the context so permits shall also include a Mortgage relating to a Participating Loan;

Participating Loan means the loan made or proposed to be made by BANADE to a Participating Bank, partly financed out of the proceeds of the Loan, provided under a Participating Agreement;

Examples of Participating Loan in a sentence

• The Parties hereby agree that the Participating Loan Agreement shall include provisions requiring the Company's approval (directly or indirectly) of the issues set forth in this Section 2.9 and that Apollo shall be authorized to grant the approvals to be granted by the Company under Section 5.1 of the Participating Loan Agreement.

• The Sub-Originator will be entitled to a Front End Fee approved by the Originator from time to time in respect of each new approved Participating Loan, as detailed in Annexure A.

• In addition to the representations made by Apollo in Section 10.2 above, Apollo represents and warrants that the purchase of the Interests does not violate any provisions of ERISA and that the contemplated Participating Loan does not violate the provisions of ERISA.

• The Sub-Originator must promptly provide the Originator with any information regarding a Participating Loan required by the Originator from time to time.

• The Company was formed for the purpose of investing, developing and operating, through its interests in Delaware LLC-2 and through the Participating Loan to Delaware LLC-3, Duca▇ ▇▇▇ce II, Duca▇ ▇▇▇ce III and other real estate interests as provided herein.

• The Sub-Originator must provide the Originator with all the information, which the Originator reasonably requires to enable it to assess the suitability of a Participating Loan.

• Subject to clauses 10 and 11, the Sub-Originator will also be entitled to the “trailer commission” (if any) approved by the Originator from time to time and paid on each Participating Loan made in accordance with an Approved Application.

• The First Mortgagee and ▇▇▇ hereby acknowledge that all payment obligations identified in this Agreement, the First Mortgage Loan Documents and the Participating Loan Documents are and remain nonrecourse to the extent set forth therein.

• Subject to clauses 10 and 11, the Sub originator outlined in Annexure A, will also be entitled to the “trailer commission” (if any) agreed with the Originator from time to time and paid on each Participating Loan made in accordance with an Approved Application.

• Borrower shall execute the Security Agreement, in substantially the same form as Exhibit C hereto, upon execution of this Participating Loan Agreement.

More Definitions of Participating Loan

Participating Loan means a loan made or proposed to be made out of the proceeds of the Loan by the Borrower to a Financial Intermediary under a Participation Agreement to refinance Subloans (as such term is hereinafter defined) made by such Financial Intermediary under Part A of the Project;

Participating Loan shall have the meaning ascribed thereto in the second "WHEREAS" clause hereof.

Participating Loan means a loan made by BdL to a Participating Bank in accordance with the provisions of Part A of the Schedule to the BdL Project Agreement;

Participating Loan means a Loan made by the Trustee and introduced to the Programme by the Manager and includes any part of them;

Participating Loan means a loan where the interest rate received consists of a fixed interest component and a fluctuating interest component. The fluctuating interest component represents the royalty portion whereby the Company receives a percentage of renewable energy production revenues. The participating loan will reflect an estimated average interest rate over the life of the loan where the interest received will fluctuate based on the underlying power production;