Agreed Participation definition

Agreed Participation means the apportionment of economics as agreed between the Club Lenders and Noteholders such that: (i) the Noteholders receive 87.5% of the Aggregate Notes Percentage; and (ii) the Club Lenders receive 12.5% of the Aggregate Notes Percentage and the Aggregate Club Loan Percentage; in each case of any cash (other than, for the avoidance of doubt, the SFR Distribution) and/or securities that are distributed to all Senior Creditors. An application of the Agreed Participation to a distribution of New Notes and NewCo Equity is set out in more detail in Part 1: Overview of Schedule 8 (Term Sheet).
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Agreed Participation means, in relation to any distributions, an apportionment of such distribution such that: (a) the Holders of Senior Notes receive 87.5 percent of the Aggregate Senior Notes Percentage and (b) the Club Facility Lenders receive 12.5 percent of the Aggregate Senior Notes Percentage and 100 percent of the Aggregate Club Loan Percentage, in each case, of any Cash (other than, for the avoidance of doubt, the SFR Distribution) and/or securities that are distributed to all Holders of Senior Notes and Club Facility Lenders.
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Agreed Participation means that portion of the Percentage Discount or Rate of Participation to which the Board has been determined to be entitled by the Commission for the Project; the amount set forth in the Schedule of Principal and Interest Requirements, is the maximum annual amount which the Commission will pay toward principal and interest requirements of the Bonds.
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Examples of Agreed Participation in a sentence

  • During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the plans, policies, programs and practices of the Company and its affiliated companies as in effect generally at any time with respect to other peer executives of the Company and its affiliated companies.

  • On or before the last day of the current Interest Period, the Borrower shall prepay to the Facility Agent for the account of the relevant Lender such aggregate amount of the Loan due to that Lender as is equal to the amount of such Participant’s Agreed Participation, together with all accrued interest thereon and any Break Cost or other amount payable under the indemnity contained in Clause 14 (Other Indemnities) with respect to such prepayment, if any.


More Definitions of Agreed Participation

Agreed Participation or "Percentage Discount" or “Adjusted Agreed Participation” means the total dollar principal amount to which the Board has been determined to be entitled by the Commission; said amount to be equal to approximately 8.1% of the debt service requirements for the Bonds through December 1, 2030, as shown on Exhibit A hereto.
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Related to Agreed Participation

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

  • 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);

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • 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.

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

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

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

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

  • Participations shall have the meaning set forth in Section 13.1 hereof.

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

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Participation Facility means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Letter of Credit Participation shall have the meaning provided in Section 3.3(a).

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

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

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

  • Participation Advance shall have the meaning set forth in Section 2.12(d).