Closing Date Participation definition

Closing Date Participation means any Collateral Loan held in the form of a Participation Interest acquired by the Borrower under the Sale and Contribution Agreement on the Closing Date.
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Closing Date Participation has the meaning set forth in Section 2.01(c).
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Closing Date Participation means each Initial Portfolio Asset that consists of a loan participation interest until elevated by assignment.
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Examples of Closing Date Participation in a sentence

  • The Buyer shall be responsible for any expenses of administering each Closing Date Participation prior to its Elevation.

  • At Elevation, the Seller shall deliver such assignment and the credit documentation with respect to the related Closing Date Participation in its possession to or as directed by the Buyer.

  • The Warehouse Borrower acknowledges that from and after the Closing Date it shall have no equitable or beneficial interest in any payment received by it with respect to any Closing Date Participation (other than any accrued and unpaid interest with respect to the period of time prior to and excluding the Closing Date).

  • For the avoidance of doubt, the failure to elevate any Closing Date Participation Interest will not result or be deemed to result in a Default or Event of Default under this Indenture or any other Transaction Document.

  • At Elevation, the Seller and the Warehouse Borrower shall deliver such assignment and the credit documentation with respect to the related Closing Date Participation in its possession to or as directed by the Buyer.

  • The Seller acknowledges that from and after the Closing Date it shall have no equitable or beneficial interest in any payment received by it with respect to any Closing Date Participation (other than any accrued and unpaid interest with respect to the period of time prior to and excluding the Closing Date).

  • The Participation Interests conveyed to the Issuer pursuant to the Master Participation Agreement; provided that, for purposes of this Indenture, such Participation Interest shall be deemed to be a Closing Date Participation until the 90th day following the Closing Date, unless such Participation Interest has been elevated by such day.

  • If any such Closing Date Participation Interest is not elevated to an assignment on or before the 120th day following the Closing Date, such Closing Date Participation Interest shall be deemed to be a Participation Interest for all purposes hereunder until otherwise assigned.

  • Any Participation Interest in an asset conveyed to the Issuer on the Closing Date pursuant to the Loan Sale Agreement until elevated by assignment; provided that, for purposes of this Indenture, any such Participation Interest shall be deemed to be a Closing Date Participation Interest until the 120th day following the Closing Date, unless such Participation Interest has been elevated to an assignment on or before such day.

  • For the avoidance of doubt, the failure to elevate any Closing Date Participation Interest shall not result or be deemed to result in a default or Event of Default under this Indenture or any other Transaction Document.


More Definitions of Closing Date Participation

Closing Date Participation means any Collateral Loan held in the form of a Participation Interest acquired by the Borrower under any Master Participation Agreement on the Closing Date.
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Closing Date Participation means each Initial Portfolio Asset that consists of a loan participation interest until elevated by assignment. "Code" means the Internal Revenue Code of 1986, as amended. "Collateral" has the meaning assigned to that term in Section 2.09(a). "Collateral Custodian" means Wilmington Trust, National Association, not in its individual capacity, but in its capacity as collateral custodian for the Administrative Agent and the Lenders pursuant to the terms of this Agreement, together with its successors and permitted assigns, including any successor appointed pursuant to Article IX. "Collateral Custodian Fee Letter" means, if applicable, any fee letter or letters between the Collateral Custodian and the Borrower entered on or prior to the Closing Date as amended, restated, supplemented or otherwise modified from time to time. "Collateral Custodian Fees" means the fees set forth in the Collateral Custodian Fee Letter that are payable to the Collateral Custodian. "Collateral Custodian Termination Expenses" has the meaning assigned to that term in Section 9.05. "Collateral Custodian Termination Notice" has the meaning assigned to that term in Section 9.05. "Collection Accounts" means, collectively, each of the Principal Collection Accounts and the Interest Collection Accounts established with the Account Bank in the name of the Borrower into which Collections shall be deposited in accordance with the terms of this Agreement and subject to the Account Control Agreement specified on Schedule V hereto and under the "control" (within the meaning of Section 9‐104 or 9‐106 of the UCC, as applicable) of the Administrative Agent for the benefit of the Secured Parties; provided that, subject to the rights of the Administrative Agent hereunder with respect to funds, the funds deposited therein from time to time shall constitute the property and assets of the Borrower, and the Borrower shall be solely liable for any Taxes payable with respect to the Collection Accounts and each subaccount that may be established from time to time. "Collections" means Current Income Collections and Principal Collections. "Commitment" means, with respect to any Lender, (a) during the Revolving Period (i) with respect to the Initial Lender, the Maximum Facility Amount as such amount may be reallocated pursuant to Section 2.04(b), reduced pursuant to an Assignment and Assumption Agreement or Section 2.04(e) or increased pursuant to Section 2.15 and (ii) with respect to any other Lender, the amoun...
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Related to Closing Date Participation

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Closing Date Acquisition Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Closing Date Transactions means, collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction Expenses.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit F-1.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;