Examples of Participation Loan in a sentence
Any amount thus received, which is in excess of the Participation Loan Amount, shall be paid to the relevant Debentureholder(s) as Interest.
Any repayment of the Debentureholder Participation shall be a repayment of the Participation Loan Amount.
If both the Participation Loan Amount and Interest are due for payment and if the available funds are insufficient to discharge all the amounts due and payable, the available funds shall first be applied towards payment of Interest and secondly towards repayment of the Total Participation.
An acknowledgement by the lender that any participation loan is subject to the terms and conditions of MHDC’s Participation Loan Agreement.
Any Instrumentholder holding Participation Loan Instruments issued under an Additional PLI Series becomes entitled to declare all of its Participation Loan Instruments immediately due and payable prior to its specified maturity as a result of an event of default (however described).