Examples of Participation Sale in a sentence
The Purchaser and the Seller are parties to that certain Mortgage Loan Participation Sale Agreement, dated as of August 15, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Existing Participation Agreement”); as further amended by this Amendment, the “Participation Agreement”).
A precautionary approval of the Partnership Seller is provided for in the Silent Participation Sale and Purchase Agreement and a further precautionary waiver of Seller 2 in the tbg waiver pursuant to Section R 10.
Under this agreement Greensill will transfer from time to time (pursuant to sale agreements as provided by or in the form scheduled to the Master Funded Participation Agreement, each a Participation Sale Agreement) a share of its beneficial interest in each Citi Trust relating to the Relevant Obligor in which the Issuer wishes to invest (each, a Participation and, together with the related IPUs, the Relevant Claims).
WHEREAS, the parties hereto previously entered into that certain Mortgage Loan Participation Sale Agreement, dated as of August 15, 2016 (as amended, restated, supplemented, or otherwise modified from time to time prior to the date hereof, the “Existing Agreement”).
On August 24, 2006, F&T Mortgage entered into a Loan Participation Sale Agreement (LPS) with a warehouse lender.
The Purchaser and the Seller are parties to that certain Mortgage Loan Participation Sale Agreement, dated as of November 2, 2021 (as amended, restated, supplemented, or otherwise modified prior to the date hereof, the “Existing Agreement”; and as amended by this Amendment, the “Agreement”).
In the vast majority of cases, CLC sold participation interests in the loans to banks, entering into Loan Participation Sale and Trust Agreements with those banks.Under the Participation Agreements, the banks obtained an equitable interest in the loans.
Each Non-Initiating Seller that makes such election shall be entitled to sell, at the same price and on the same terms as the Initiating Sellers, a number of Units equal to the product of (i) the quotient determined by dividing the number of Units owned by such Non-Initiating Seller by the aggregate number of Units outstanding at such time, and (ii) the aggregate number of Units to be sold by all parties in such Participation Sale.
The Participation Sale Notice shall make reference to the participation rights hereunder and shall describe in reasonable detail the classes or series and aggregate number of Shares the Transferring Shareholder proposes to transfer, the identity of the prospective transferee(s), and the purchase price per share for the Shares and the other material terms and conditions of the Participation Sale.
The parties hereto are parties to that certain Amended and Restated Mortgage Loan Participation Sale Agreement, dated as of November 10, 2022 (as amended, restated, supplemented, or otherwise modified prior to the date hereof, the “Existing Participation Agreement”; and as amended by this Amendment, the “Participation Agreement”).