Alpine Participation Interest definition

Alpine Participation Interest means a participation interest in an investment that at the time of acquisition by the applicable Obligor satisfies each of the following criteria: (a) the underlying investment would constitute an Eligible Portfolio Investment of such Obligor were it acquired directly by such Obligor, (b) Alpine is the seller of the participation interest, (c) the entire purchase price for such participation interest is paid in full at the time of its acquisition, (d) the participation provides the participant all of the economic benefit and risk of the whole or part of such portfolio investment that is the subject of such participation, (e) the terms of the participation interest give such Obligor the right to elevate the participation to an assignment at any time in its sole discretion and (f) the Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to it, of the release of any existing financiers’ security interest in the underlying investment that such Alpine Participation Interest relates to (it being understood and agreed that a certificate of a Financial Officer of the Borrower delivered to the Administrative Agent certifying that any existing financiers’ security interest has been automatically terminated pursuant to the underlying documentation shall be reasonably acceptable evidence).
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Alpine Participation Interest means a participation interest in an investment that at the time of acquisition by the applicable Obligor satisfies each of the following criteria: (a) the underlying investment would constitute an Eligible Portfolio Investment of such Obligor were it acquired directly by such Obligor, (b) Alpine is the seller of the participation interest, (c) the entire purchase price for such participation interest is paid in full at the time of its acquisition,
Sample 1
Alpine Participation Interest means a participation interest in an investment that at the time of acquisition by the applicable Obligor satisfies each of the following criteria: (a) the underlying investment would constitute an Eligible Portfolio Investment of such Obligor were it acquired directly by such Obligor, (b) Alpine is the seller of the participation interest, (c) the entire purchase price for such participation interest is paid in full at the time of its acquisition, (d) the participation provides the participant all of the economic benefit and risk of the whole or part of such portfolio investment that is the subject of such participation, (e) the terms of the participation interest give such Obligor the right to elevate the participation to an assignment at any time in its sole discretion and (f) the Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to it, of the release of any existing financiers’ security interest in the underlying investment that such Alpine Participation Interest relates to (it being understood and agreed that a certificate of a Financial Officer of the Borrower delivered to the Administrative Agent certifying that any existing financiers’ security interest has 3
Sample 1

Related to Alpine Participation Interest

  • 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.

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

  • 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);

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

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

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

  • Swing Line Participation Amount as defined in Section 2.7.

  • 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.

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

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

  • 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:

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participating Interest is defined in Section 1.2(d) hereof.

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

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Amount as defined in Section 3.4(b).

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

  • 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.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

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

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

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

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).

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