Subordinated Participation Interest definition

Subordinated Participation Interest means a profits interest in the Operating Partnership designated as a Class B Unit in accordance with the terms of the Operating Partnership Agreement.
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Subordinated Participation Interest means an interest in a loan that bears the first risk of loss, including the re- tention of such an interest when a loan is sold to a pooler certified by the Fed- eral Agricultural Mortgage Corpora- tion pursuant to title VIII of the Act, or an interest in a pool of subordinated participation interests purchased to satisfy the requirements of title VIII of the Act with respect to a loan sold to such a certified pooler.
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Subordinated Participation Interest means an interest in a loan that bears the first risk of loss, including the re- tention of such an interest when a loan is sold to a pooler certified by the Fed- eral Agricultural Mortgage Corpora- tion pursuant to title VIII of the Act, or an interest in a pool of subordinated participation interests purchased to satisfy the requirements of title VIII of the Act with respect to a loan sold to such a certified pooler.(b) Authority to purchase and sell inter- ests in loans. Loans and interests in loans may only be sold in accordance with each institution’s lending au- thorities, as set forth in subpart A of this part. No Farm Credit System in- stitution may purchase from an insti- tution that is not a Farm Credit Sys- tem institution any interest in a loan, except for the purpose of pooling and securitizing such loans under title VIII of the Act, unless such an interest is a participation interest that qualifies under the institution’s lending author- ity, as set forth in subpart A of this part, and meets the requirements of§ 614.4330 of this subpart.
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Examples of Subordinated Participation Interest in a sentence

  • Subordinated participation interest means an interest in a loan that bears the first risk of loss, including the retention of such an interest when a loan is sold to a pooler certified by the Federal Agricultural Mortgage Corporation pursuant to title VIII of the Act, or an interest in a pool of subordinated participation interests purchased to satisfy the requirements of title VIII of the Act with respect to a loan sold to such a certified pooler.


More Definitions of Subordinated Participation Interest

Subordinated Participation Interest shall include any such interest as defined in the Advisory Agreement.
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Subordinated Participation Interest means a Partnership Interest issued to the Special Limited Partner in exchange for a Special Limited Partner Capital Contribution.
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Subordinated Participation Interest means the right of API to receive (i) on each Quarterly Payment Date (other than a Liquidation Payment Date) occurring on and after the Credit Release Date, all Aggregate Quarterly Gross Receipts remaining after payment of (a) all Obligations (in the case of any Quarterly Payment Date which occurs on the Credit Release Date), (b) Trustee Expenses, (c) the Quarterly Payment Amount payable to the Certificateholders on such Quarterly Payment Date, and (d) the Distribution Fee payable to the Distributor on such Quarterly Payment Date, and (ii) on the Liquidation Payment Date, subject to the prior payment in full of the unpaid amount of Sponsor Group Obligations and all amounts owing to Other Sponsor Group Creditors, all Net Liquidation Film Proceeds remaining after payment of (a) all Obligations, (b) Trustee Expenses, (c) the Applicable Liquidation Preference, (d) any accrued but unpaid Distribution Fees payable to the Distributor and (e) any unpaid Sponsor Group Obligations and amounts owing to Other Sponsor Creditors.
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Subordinated Participation Interest has the meaning given such term in ----------------------------------- Section 1 of the Master Film Purchase Agreement.
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Related to Subordinated Participation Interest

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

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

  • 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);

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

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

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

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Participation Amount as defined in Section 3.4(b).

  • Subordinate Prepayment Percentage As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

  • 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 Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

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

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

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • 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.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • 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).

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.