Loan Participation definition

Loan Participation means any loan listed on the Loan Schedule subject to a shared credit, participation, co lending or similar inter-creditor agreement under which the Initial Member, any Failed Bank, or the Receiver was, or the Company is, the lead or agent financial depository institution or otherwise managed or held the credit or sold participations, or under which the Initial Member, Failed Banks or the Receiver was, or the Company is, a participating financial depository institution or purchased participations in a credit managed by another Person.

Loan Participation means loans or portions of loans bought from a financial institution.

Loan Participation means loans or portions of loans bought from a financial institution and does not include the purchase of debentures issued by a capital company.

Examples of Loan Participation in a sentence

• The Company shall be, and hereby is, authorized to deal with all Persons with respect to the Loans, including Borrowers, Guarantors, parties to intercreditor agreements, and parties to Loan Participation Agreements.

• If the Undersigned participates in the Loan Participation Purchase Program, it will sell, from time to time, participation interests in FFELP loans to the Department of Education with an aggregate unpaid principal balance of not less than $50,000,000 in loans either held by such eligible lender or aggregated with other FFELP loans held by one or more eligible lenders.

• Separately, the Department is offering a Loan Participation Purchase Program (as referred to in the Notice of Intent to Participate) for eligible FFELP loans.

• The Company shall be, and hereby is, authorized to deal with all Persons with respect to the Loans, including Borrowers, Guarantors, and parties to intercreditor agreements, and parties to Loan Participation agreements.

• CHECK THE APPLICABLE BOX(ES): □ Loan Purchase Commitment Program □ Loan Participation Purchase Program and the Loan Purchase Commitment Program By signifying its intent to participate in such program(s), the Undersigned hereby certifies and agrees that: If the Undersigned participates in either of the programs, it will continue to originate or acquire FFELP loans made to students and parents.

More Definitions of Loan Participation

Loan Participation means any asset subject to a shared credit, participation or similar inter-creditor agreement under which the Failed Bank or the Receiver was the lead or agent financial depository institution or otherwise managed or held the credit or sold participations, or under which the Failed Bank or the Receiver was a participating financial depository institution or purchased participations in a credit managed by another Person.

Loan Participation means loans or portions of loans bought from a financial institution and does

Loan Participation. An undivided interest in a loan purchased by the Loan Participation Holder pursuant to the Participation Agreement.

Loan Participation means a transaction through which the transferor transfers all or part of its economic interest in a loan exposure to transferee(s) without the actual transfer of the loan contract, and the transferee(s) fund the transferor to the extent of the economic interest transferred which may be equal to the principal, interest, fees and other payments, if any, under the transfer agreement.

Loan Participation has the meaning given in the Contribution Agreement.

Loan Participation means a transaction through which the transferor transfers all or part of its economic interest in a loan exposure to transferee(s) without the actual transfer of the loan contract, and the transferee(s) fund the transferor to the extent of the economic interest transferred which may be equal to theprincipal, interest, fees and other payments, if any, under the transfer agreement;Provided that the transfer of economic interest under a loan participation shall only be through a contractual transfer agreement between the transferor and transferee(s) with the transferor remaining as the lender on record.Provided further that in case of loan participation, the exposure of the transferee(s) shall be to the underlying borrower and not to the transferor. Accordingly, the transferor and transferee(s) shall maintain capital according to the exposure to the underlying borrower calculated based on the economic interest held by each post such transfer. The applicable prudential norms, including the provisioning requirements, post the transfer, shall be based on the above exposure treatment and the consequent outstanding.

Loan Participation means a fractional undivided interest in the principal amount of a loan that is sold by a lead lender to a participating institution in accordance with the requirements of § 614.4330 of this subpart. The term “loan participation” does not include a subordinated participation interest.