Participation Return definition

Participation Return means, for any month, (1) Participant’s Participation Percentage of payments received by Lender in respect of repayment of the Participation Portfolio Loans and in respect of interest thereon, less (2) the monthly Servicing Fees retained by Lender. Notwithstanding anything to the contrary contained herein, the Participation Return shall not include any Origination Fees, late charges or other ancillary income relating to the Participation Portfolio Loans.
View Source

Examples of Participation Return in a sentence

  • The debt arises only when the time fixed for payment arrives and the decision to pay the Participation Return may be revoked at any time before then.

  • The amount of the Participation Return to be paid for the financial year, including the amount payable for different Participation Rights.

  • Following termination pursuant to this Section 7, no new Loans shall be added to the Participation Portfolio, and Participant shall be paid monthly its Participation Return on all Loans in the Participation Portfolio until the Participation Interest has been paid in full.

  • If a transfer of Participation Rights occurs after the time determined for entitlements to a return on that Participation Right but before the Participation Return is paid, the person transferring that Participation Right is entitled to that Participation Return.