Participation A-1 Interest definition

Participation A-1 Interest means a beneficial interest in the Loan having an initial principal balance of $8,750,000 and ranking pari passu with the Participation A 2 Interest, all on the terms provided herein. The Participation A 1 Interest shall be evidenced by one or more “Participation A 1 Certificates”, attached hereto as Exhibit C.
Sample 1Sample 2

Examples of Participation A-1 Interest in a sentence

  • Notwithstanding any other provision hereof, it is understood and agreed that the Participation A-1 Interest and the Participation A-2 Interest shall not represent a direct ownership interest in the Loan but shall represent a participating beneficial ownership interest (of the type and nature contemplated by 11 U.S.C. Section 541(d) of the U.S. Bankruptcy Code) in the Loan, the proceeds thereof and the Loan Documents, in each case allocable to the applicable Participation Interest as provided herein.

Related to Participation A-1 Interest

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • 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.

  • Participation Amount as defined in Section 3.4(b).

  • 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.

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

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

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

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

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

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

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

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

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