Replacement Participant definition

Replacement Participant is defined in Section 11.1(b) of the Participation Agreement.

Replacement Participant is defined in Section 6(c)(3) of the Participation Agreement.

Replacement Participant shall have the meaning set forth in Section 15.1(b) of the Participation Agreement.

Examples of Replacement Participant in a sentence

• Any Replacement Participant shall not be responsible for, and such Replacement Participant’s interest in the Loan shall not be subject to, any liabilities of the Defaulting Participant to Borrowers accruing prior to the date of the transfer of the participation interest.

• At no time shall any Participant be permitted or required to make any Supplemental Funding unless all Participants (including any Replacement Participant) consent to make a Supplemental Funding.

• At the time of such acceptance and/or rejection, Lessee may, in its sole discretion, request that any Participant declining to commit to make such Supplemental Funding sell its Notes and Certificates to another Participant or financial institution (a "Replacement Participant"); provided, that no declining Participant shall be obligated to sell its Notes and/or Certificates to any Replacement Participant.

• In the event Borrowers or Lender, as applicable, obtain a Replacement Participant, the Borrowers shall look to the Replacement Participant rather than the Defaulting Participant for the funding of future Advances in an amount equal to the Defaulting Participant’s share of each Advance set forth in the Participation Notice.

• When a Participant is replaced, the Replacement Participant succeeds the Participant who has withdrawn from the Agreement and upholds the contractual relationship with INFORUM.

More Definitions of Replacement Participant

Replacement Participant is defined in Section 3.6(c) of the Participation Agreement.

Replacement Participant has the meaning set forth in Section 2.11(a) of the ----------------------- --------------- Participation Agreement.

Replacement Participant means Persons who become Participants pursuant to the terms of Section 12.4 of the Participation Agreement.

Replacement Participant is defined in Section 11.2(b) of the Participation Agreement.

Replacement Participant shall have the meaning provided in Section 2.16(b) of the Participation Agreement. “Replacement Rate” shall have the meaning provided in Section 2.9(b) of the Participation Agreement. “Reportable Compliance Event” means that any Relevant Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law. “Representatives” shall have the meaning provided in Section 9.18 of the Participation Agreement. “Required Participants” shall mean, as of the date of determination, Participants with outstanding Rent Assignment Advances, Lessor Retained Interests and Lessor Investment (directly

Replacement Participant is defined in Section ll.l(b) of the Participation Agreement.

Replacement Participant is defined in Section 3.5. -----------