Participation Proportion definition

Participation Proportion means, at any time, the proportion which your Loan Participation Purchase Price bears to the Loan Commitment, expressed as a percentage.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Participation Proportion means the proportion in which a Lender has agreed to participate in the Facility pursuant to Clause 3.1 (Basis of Participation);

Participation Proportion means, in relation to a Lender and a Facility, the proportion in which that ▇▇▇▇▇▇ has agreed to participate in that Facility pursuant to Clause 3.1 (Basis of Participation) and subject to Clause 3.6 (the WCP Facilities);

Examples of Participation Proportion in a sentence

Each Lender shall, in accordance with its Participation Proportion, within [10] Business Days upon the Agent’s request, indemnify the Agent all reasonable costs, fees, losses, expenses (including legal fees) and liabilities (other than the liabilities resulted from the Agent’s negligence or fault)incurred in respect of the Agent's performance of its function in accordance with the Finance Documents (unless the Agent has been indemnified by the Borrower as specified in the Finance Documents).
Each of the Banks agrees to participate in Advances made pursuant to the Term Loan Facilities in each case in its Participation Proportion for that Facility, up to an aggregate maximum principal amount not exceeding its Commitment in respect of that Facility.
Subject to the provisions of this Agreement, each Lender will make available to the Agent its Participation Proportion of the relevant Advance on the relevant Drawdown Date in accordance with Clause 9.
The Agent shall send a copy of the Disbursement Request to all Lenders within [10] Business Days upon its receipt of each Disbursement Request and notify all Lenders their respective Participation Proportion and amount for each such Loan.
Each Lender shall remit its proportional amount in a Loan to be disbursed in accordance with its Participation Proportion.

More Definitions of Participation Proportion

Participation Proportion means, in relation to the Existing Participation of any Project Lender, where: X is the sum of USD143,500,000 and the US dollar equivalent, as at the Effective Date, of HKD2,451,150,000 Y is the US dollar equivalent, as at the Effective Date, of the sum of the principal amounts outstanding under the Hotel Facility Agreement, the Project Facility Agreement and the Additional Lender Facility Agreement immediately prior to the Effective Date,

Participation Proportion means, in relation to the Existing Participation of any Hotel Lender,

Participation Proportion means, with respect to each Lender, the ratio of that ▇▇▇▇▇▇'s then-current Commitment to the then Total Commitment. Commitment means: 1. in relation to an Original Lender, its Initial Commitment minus the amount of its participation in any outstanding Loans minus its share of Commitments that canceled or transferred under this Contract; or 2. in relation to any Transferee, the Commitment transferred to it pursuant to Article 18 (transfer) minus the amount of its participation in any outstanding Loans, minus its share of Commitments that canceled or transferred under this Contract. Initial Commitments means the initial commitment amount of each Original Lender as indicated in the Article 2 (Facility) of this Contract and Annex 1 of this Contract (Lenders' Initial Commitment).

Participation Proportion means, in relation to a Mezzanine Lender and the Facility, the proportion in which that Mezzanine Lender has agreed to participate in the Facility pursuant to Clause 3.1;

Participation Proportion means, in relation to a Bank, at any time, in respect of any Facility, the proportion which that Bank's Commitment in respect of that Facility bears to the aggregate amount of all the Commitments in respect of that Facility at that time;