Nature of Participation. Except as is expressly provided in this Agreement, the Participation Interest shall not impose any obligations or liabilities on Participant with respect to the Loans and Participant shall not be liable for or obligated to pay (and Participant’s Share shall not be reduced by) any funding obligations of the Company or any costs or expenses incurred in connection with the ownership, servicing, management or administration of the Loans.
Nature of Participation. B Participant shall participate with A Participant in the ownership, disbursement, debt service and payment of the Loans, in the Loan Documents, in the Collateral and in the proceeds thereof, including, without limitation, in the acquired Collateral listed on Exhibit A-1, with each Lender having its respective interest therein. The interests of the Lenders shall, subject to Sections 3, 4, 7 and 8 hereof, be of equal priority. A Participant shall have an undivided ownership interest in the Loans, in the Loan Documents, in the Collateral for the Loans and in the proceeds thereof, including, without limitation, in the acquired Collateral listed on Exhibit A-1, which shall at any time be equal to the A Participation. A Participant hereby acknowledges that A Participant is participating in the ownership of the Loans and that A Participant and B Participant are not investing in a common business enterprise with each other. Except for the original Notes (and with respect to a Loan for which a participation certificate rather than a Note has been issued, any original participation certificates) which will be held by a custodian as set forth in Section 2C, all of the Loan Documents and Mortgage Files shall be delivered to B Participant (or any subservicer), and B Participant shall hold all of the Loan Documents as custodian for the Lenders.
Nature of Participation. Participants are required to participate in the process of developing their career through post- secondary education. This may include upgrading and gaining additional qualifications if required in order to apply for or continue in their program. It is up to the participant to be proactive and to enter this agreement with the intent to succeed and continue the training plan to its agreed upon conclusion. This also includes regularly communicating with IHT staff about their learning process, especially when there may be additional but unanticipated benefits and set-backs to their development.
Nature of Participation. You will be interviewed about your experiences as an employer/manager who employs a person (or people) with an evident physical or sensory impairment. Your interview will take no longer than one hour at a location of your choice and employing technology that is both available and accessible to you. We will be using secure, virtual conferencing technology to conduct interviews. Interviews will investigate your employment experiences and may address the following topics: • How do employers conceptualize their own offices and workshops? • What types of disabilities/impairments can your organization more easily accommodate? • What types of policies and procedures are in place to hire and retain disabled employees? Are they working? How might they be improved? • Have you received any government funding to hire a worker with a disability (e.g. funding to install special equipment or to pay part of their salary)? • Do you have any stories about a disabled employee(s) who work(s) for you? (previous to being hired, or since being on the job)? Other questions and topics may come up during the interview, with a focus on your unique experiences and perspective as an employer.
Nature of Participation. The participant shall purchase on the date hereof from BankBoston, N.A. a participating interest in $653,846 of the Revolving Credit Loans funded by BankBoston, N.A. The Participant shall purchase on date hereof
Nature of Participation. Such Participation Interest (i) is not dealt in or traded on a securities exchange or in a securities market, (ii) with respect to U.S. Purchased Assets, does not by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is not Investment Property, (iv) is not held in a Securities Account and (v) does not constitute a Security or a Financial Asset. The related Participation Certificate is an Instrument. For purposes of this Paragraph (13), capitalized terms undefined in this Agreement have the meaning given to such term in the UCC.
Nature of Participation. Upon the occurrence of the Closing pursuant to Section 2 below, Seller hereby sells and transfers to DLJ the Participation. The Participation conveyed hereunder is a true sale of an undivided 100% beneficial interest in the Note and the Agreements and, in accordance with the terms hereof, there shall exist an agency relationship between Seller, as agent, and DLJ, as beneficiary.
Nature of Participation. 3.1 An Option shall not form part of any Optionholder's entitlement to remuneration, benefits or entitlements pursuant to his contract of employment with any Group Company. Moreover, the existence of a contract of employment between any person and any present or past Group Company shall not give such person any right to have an Option granted to him in respect of any number of Shares either subject to any condition or at all.
