Examples of Risk Participation Agreement in a sentence
Borrower hereby authorizes and directs Agent, at Agent's option, to make a Revolving Loan in the amount of any payment made by Agent with respect to any Lender Letter of Credit or any Risk Participation Agreement.
All amounts paid by Agent with respect to any Lender Letter of Credit or Risk Participation Agreement that are not immediately repaid by Borrower with the proceeds of a Revolving Loan or otherwise shall bear interest at the interest rate applicable to Revolving Loans calculated using the Base Rate.
As consideration for the Assignment, the Risk Participant, in addition to declaring a CFA Trust in accordance with the Risk Participation Agreement, agrees to and will pay the relevant stamp duty charges incurred in relation to the declaration of the CFA Trust, with the Risk Participant’s payment obligation being capped at S$10.
In consideration for the Assignment, and pursuant to the Risk Participation Agreement, the CFA Trustee is obliged to declare a CFA Trust and, among other things, hold the Assigned Rights in favour of the Participating Members (as the Beneficiaries under the CFA Trust Deed) in accordance with the terms of the CFA Trust Deed.
The Participating Members agree to and will assign, absolutely as beneficial owner, to the Risk Participant all of their rights, claims, title, interest and benefits from time to time under the Confirmed Funding Arrangement Documents (with the exception of the Risk Participation Agreement and the Risk Participation Arrangement) and in and to the Proceeds on the relevant Effective Date by executing the Risk Participation Agreement.
If any provision of the Risk Participation Agreement or the CFA Trust Deed is not or ceases to be legal, valid, binding and enforceable under the law of any jurisdiction, neither the legality, validity, binding effect or enforceability of the remaining provisions under that law nor the legality, validity, binding effect or enforceability of that provision under the law of any other jurisdiction will be affected.
Notwithstanding any failure of the Facility Agent (acting for and on behalf of the Participating Members) to deliver the notice in accordance with the Risk Participation Agreement, the Confirmed Client is deemed to have notice of the Assignment on the Effective Date.
The Risk Participant and the Facility Agent will not be liable for or responsible to the Participating Members for any loss or damage arising from any act, default, omission or misconduct on their part in connection with or in relation to the Risk Participation Agreement (except to the extent caused by their own fraud or wilful misconduct).
The Trade Finance Risk Participation Agreement (RPA) is an unfunded guarantee product through which AfDB (the Bank) shares the credit risk (usually up to 50%) of a portfolio of eligible trade transactions with partner Confirming Banks (CBs), mainly global banks, African regional banks as well as regional development finance institutions active in trade finance.
The Participating Members will authorise Minterest, in its capacity as the Facility Agent, to execute and deliver a notice of the Assignment to the Confirmed Client on the Effective Date in accordance with the Risk Participation Agreement.