Available Participation definition

Available Participation as to any Lender at any time, an amount equal to such Lender’s Participation then in effect minus:
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Available Participation means, in relation to Facility 1, a Lender's Facility 1 Participation minus (subject as set out below):
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Available Participation as to any Lender at any time, an amount equal to such Lxxxxx’s Participation then in effect minus:
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Examples of Available Participation in a sentence

  • The Issuer also has a discretionary right to incur such financial indebtedness, for as long as any Subscription Undertaking is in force, provided that such financial indebtedness (i) does not at any time exceed 10 per cent of the Available Participation, and (ii) is repaid in full within six (6) months after disbursement.

  • The Parent may not (and shall procure that the Affiliates do not) invest in, or manage, investment programmes in respect of Investments other than (i) the existing investment programme in Proventus Capital AB, and (ii) as set out in, and in accordance with, these Terms and Conditions, unless at least 85 per cent of the Available Participation has been invested, at the time of the investment in, or management of, such other investment programme.

  • Executive Director, Charlene FitzGerald, stated the reasons for the amendment number 1 and pointed out the additional funding sources for Mobility Management that was recapped in a handout staff report provided to the board.

  • The portfolio value as of 30 September 2011 was SEK 502 million, corresponding to 9.5 per cent of the Available Participation.

  • The Available Participation is estimated to be invested evenly over time until the Final Investment Date.

  • Until at least 85 per cent of the Available Participation has been invested, the Parent shall procure that each of the Key Executives devotes substantially all of his business time and efforts (presupposing full-time employment) to the Issuer and the Portfolio so as to allow the Parent to fulfil its obligations hereunder.

  • The Issuer has no specific industry focus for the Investments, but no single investment (or series of related investments) will be made up to a total amount invested equal to 10 per cent of the Available Participation, and no single business sector shall exceed a total of 25 per cent of the Available Participation, unless previously approved by the Debentureholders.

  • Namely: Paragraph 2 of Article 15 explicitly provides for a duty of the Prosecutor to prove the guilt of the accused: The Prosecutor shall have a duty to prove the guilt of the accused.

  • Cash and bank receivables amounted to SEK 6 million The portfolio consists of one corporate loan (62 per cent of invested amount and 6 per cent of the Available Participation, and four corporate bonds issued by three companies (38 per cent of invested amount and 4.5 per cent of the Available Participation).

  • Notwithstanding Clause 13.3.1 the Issuer shall procure that its aggregate Financial Indebtedness does not at any time exceed fifty (50) per cent of the Available Participation.


More Definitions of Available Participation

Available Participation means the Total Participation plus the Nominal Amount of all Debentures covered by outstanding Subscription Undertakings from time to time.
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Related to Available Participation

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

  • 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 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 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.

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

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

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 March 2018 is 200% (in any case, it will not be below 170%).

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

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

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

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

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

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

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

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

  • 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.

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

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

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

  • 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);

  • 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 all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

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

  • 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.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.