Examples of Loan Participation Agreement in a sentence
If the Loan Participation Agreement is terminated pursuant to Clause 2.3 of the Loan Participation Agreement, the relevant Issuer will redeem each Security on the relevant Termination Date (as defined in the Loan Participation Agreement) (the “ Redemption Date”) at the Redemption Amount.
If there has been an Event of Default under and as defined in the Swap Agreement and/or the Repurchase Agreement and/or the Loan Participation Agreement and the Counterparty is the Defaulting Party, the relevant Issuer shall give notice thereof to the Securityholders, the Selling Agent and the Trustee.
Notwithstanding anything to the contrary in the Issue Terms, if (i) the Counterparty is the Defaulting Party in respect of the Swap Agreement and/or the Repurchase Agreement and/or the Loan Participation Agreement at any time; and (ii) “the Counterparty only” is specified as the Instructing Creditor in the Issue Terms, the Instructing Creditor shall be deemed to be the Counterparty or the Securityholders.
The primary bank or credit union must agree to the Agency Agreement and the Loan Participation Agreement.
Rather, the Federal Reserve would expect Eligible Lenders to follow market-standard workout processes and to exercise the standard of care set out in the Loan Participation Agreement (i.e., to exercise the same duty of care in approaching such proceedings as it would exercise if it retained a beneficial interest in the entire loan).