Participation Interests definition

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

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Participation Interests means the limited liability company, general or limited partnership interests in Owner, any other option entity or any Contributing Entity, as applicable and, to the extent a limited liability company, general or limited partnership interests are held by an agent for the benefit of participants, the beneficial ownership of such interests.

Participation Interests means, with respect to an Underlying Mortgage Loan, all of the economic, beneficial and equitable ownership interests (together with the related Servicing Rights) therein pursuant to the Participation Agreement.

Examples of Participation Interests in a sentence

The consideration for the transfer of the Participation Interests from the Financing Subsidiary to the Issuer shall consist of cash paid to the Financing Subsidiary by the Issuer.
The Participation Interests are certain of the “Closing Date Participation Interests” referred to in the Loan Sale Agreement and in the Indenture.
The parties hereby agree to treat the transfer of the Closing Date Participation Interests by the Seller to the Buyer as a sale and purchase on all of their respective relevant books and records.
For administrative convenience, the Closing Date Participation Interests held by the Financing Subsidiary on the Closing Date will be transferred directly from the Financing Subsidiary to the Buyer pursuant the Participation Agreement, but such Closing Date Participation Interests shall be deemed to have been distributed (through an intermediate entity) by the Financing Subsidiary to the Seller and sold by the Seller to the Buyer hereunder.
The Seller shall be deemed to have consented and agreed to Elevation for each of the Closing Date Participation Interests upon the execution of this Agreement.

More Definitions of Participation Interests

Participation Interests means participations representing undivided interests in a pool of assets primarily consisting of receivables in revolving credit card accounts or other revolving credit accounts owned by an Account Owner or any Affiliate thereof and collections thereon.

Participation Interests means the participation interest of each Bank in (a) any Swing Line Loan, as provided in Section 2.7(b), (b) Letters of Credit, as provided in Section 2.8(a) and (b), and (c) Loans of other Banks, as provided in Section 4.5.

Participation Interests means Revolving Participation Interests or Credit-Linked Participations, individually or collectively as the context may require.

Participation Interests means undivided pro-rata participation interests in Non-Portfolio Loans.

Participation Interests is defined in SECTION 2.8(b).

Participation Interests means the participation interests held at the date of this Agreement by the Sellers, which together constitute a 70% (seventy per cent) participation interest in the charter capital of the Company;

Participation Interests shall have the meaning set forth in Section 7.6(b).