Senior Participation definition

Senior Participation. A senior participation interest in a Whole Loan.
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Senior Participation. A Loan Obligation that is either a senior participation interest (including A Notes and senior or pari passu participation interests) in an Underlying Whole Loan pursuant to a Senior AB Participation, in which the related Junior Participation is a Non-Acquired Participation.
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Senior Participation. A Senior AB Participation, a Senior AB Pari Passu Participation or a Senior Pari Passu Participation.
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Examples of Senior Participation in a sentence

  • Each Additional Loan Obligation and Replacement Loan Obligation that is a Senior Participation is a senior portion (or a pari passu interest in a senior portion) of a whole mortgage loan.

  • If the Issuer, as holder of a Senior Participation has the right pursuant to the related Underlying Instruments to appoint the operating advisor, directing holder or Person serving a similar function under the Underlying Instruments, each of the Issuer, the Trustee and the Loan Obligation Manager shall take such actions as are reasonably necessary to appoint the Loan Obligation Manager to such position.

  • Using the product of the: a.Total Senior Participation Maturity Date Balance and b.Exit Constant, as shown on the Final Data File, we recalculated the “Total Senior Participation Exit Loan Annual Interest” of each Total Senior Participation.

  • CapitalSource shall be entitled to receive all exit fees with respect to Approved Loans originated by Column and included in a Securitization; provided, however, that CapitalSource shall not receive any such exit fees in connection with a Senior Participation Securitization or in the event that it does not purchase the Subordinated Securities as required by Section 4.03.

  • Except for the Loan Obligations identified on Annex A to the Offering Memorandum as a Senior Participation or as a Junior Participation, each Closing Date Loan Obligation is a whole loan and not a participation interest in a Mortgage Loan.

  • As explained below, we conclude that the commission’s rules pre- cluded it from charging Count 1, but permitted charg- ing Count 2.19CJFDRP 7 sets out a comprehensive structure forthe commission’s investigation and disposition of an initiating complaint about a judge.

  • This team has a number of Participation Coordinators and Senior Participation Coordinators, led by an Engagement and Transitions Manager, to provide specialist support and advice to students and their parents, as well as to all schools where the students are enrolled.

  • Senior Participation in Year-End CeremoniesSeniors eligible to graduate are expected to follow TMHS rules and regulations and behave in a respectful manner.

  • It was also agreed that the Senior Participation Officer would review the catering arrangements format for CiC celebration events for the following year.6:57pm, at this point Cllr Jones joined the meeting.

  • Notwithstanding the foregoing, CapitalSource shall have no obligation to purchase any Subordinated Securities in connection with a Senior Participation Securitization.


More Definitions of Senior Participation

Senior Participation means the interest of the Senior Participant in the Mortgage Loan, as set forth in this Agreement.
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Senior Participation. An amortizing interest in the Mortgage Loans, held by the Purchaser, or any of its successors or assigns, pursuant to this Agreement.
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Senior Participation and “Principal Balance”) shall have the combined meaning of the two terms. As used in this Agreement, the following capitalized terms shall have the respective meanings set forth below unless the context clearly requires otherwise:
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Senior Participation shall have the meaning assigned to such term in Section 2.1.
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Related to Senior Participation

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made available to the Administrative Agent such Xxxxxx’s share of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender, and (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant to Section 2.03(d).

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 October 2017 is 100% (in any case, it will not be below 80%).

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Participation Notice has the meaning set forth in Section 4.2;

  • Participations shall have the meaning set forth in Section 13.1 hereof.