Closing Date Participation Interests definition

Closing Date Participation Interests. Participation arrangements entered into by the Issuer with the BDC and/or one or more of its subsidiaries to provide for participation interests in certain Collateral Obligations (whose title is held by the BDC or a subsidiary thereof) prior to being elevated to a full assignment.
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Closing Date Participation Interests. The participation interests acquired by the Issuer pursuant to the Loan Sale Agreements on the Closing Date.
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Closing Date Participation Interests. Any Participation Interest in an asset conveyed to the Issuer (directly or through the Depositor) on the Closing Date pursuant to either Master Loan Sale Agreement, until elevated by assignment, which may be settled directly into the Issuer pursuant to the applicable Master Loan Sale Agreement. 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.
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Examples of Closing Date Participation Interests in a sentence

  • The parties have agreed to treat the grant of the applicable Closing Date Participation Interests by each Closing Date Seller to the Issuer as a distribution or sale, as applicable, of such Closing Date Participation Interests in the initial Collateral Obligations by each such Closing Date Seller to the Transferor, and a sale and/or contribution of each such Closing Date Participation Interest by the Transferor to the Issuer on all of their respective relevant books and records.

  • The parties have agreed to treat the grant of the Closing Date Participation Interest by the Financing Subsidiary to the Issuer as a distribution of the Closing Date Participation Interests in the initial Collateral Obligations by the Financing Subsidiary to the Transferor, and a sale and/or contribution by the Transferor to the Issuer on all of their respective relevant books and records.

  • The elevation of the Closing Date Participation Interests in accordance with each Closing Date Participation Agreement.

  • No Loan has been amended, modified or waived, except for amendments, modifications or waivers, if any, to such Collateral (i) otherwise permitted under Section 6.4(a) and in accordance with the Credit and Collection Policy or (ii) solely with respect to the Closing Date Participation Interests, prior to the Closing Date.

  • For administrative convenience, the Closing Date Participation Interests held by the Financing Subsidiary on the Closing Date will be transferred directly from the Financing Subsidiary to the Buyer pursuant the Participation Agreement, but such Closing Date Participations shall be deemed to have been distributed (through an intermediate entity) by the Financing Subsidiary to the Seller and sold by the Seller to the Buyer hereunder.

  • For administrative convenience, the Closing Date Participation Interests held by the Financing Subsidiary on the Closing Date will be transferred directly from the Financing Subsidiary to the Buyer, but such Closing Date Participations shall be deemed to have been distributed (through an intermediate entity) by the Financing Subsidiary to the Seller and sold by the Seller to the Buyer hereunder.

  • The participation agreement among the Fund and Borrower relating to the Closing Date Participation Interests.

  • The Issuer hereby represents and warrants that the Closing Date Participation Interests included in the Assets as of the Closing Date shall constitute no more than 40% of the Aggregate Principal Balance of all the initial Collateral Obligations included in the Assets as of the Closing Date.

  • The parties hereby agree to treat the transfer of the Closing Date Participation Interests by the Seller to the Buyer as a sale and purchase on all of their respective relevant books and records.

  • The parties hereby agree to treat the transfer of the Closing Date Participation Interests by the Transferor to the Issuer as a sale and purchase on all of their respective relevant books and records.


More Definitions of Closing Date Participation Interests

Closing Date Participation Interests means the undivided 100% participation interests granted by 10xx Xxxxxx Loan Funding LLC and 10xx Xxxxxx Loan Funding 2 LLC, as applicable, to the Borrower in and to each Collateral Loan identified on Annex A to the Closing Date Participation Agreement and in which a Lien is granted therein by the Borrower to the Collateral Agent pursuant to this Agreement.
Sample 1
Closing Date Participation Interests means the undivided 100% Participation Interests granted by the Equityholder to the Borrower in and to each Collateral Loan identified on Annex A to the Closing Date Participation Agreement or Schedule II to the Closing Date Sale Agreement (to the extent constituting a Participation Interest pending completion of the assignment thereof in accordance with Section 2.4 of the Sale Agreement), as applicable, and in which a Lien is granted therein by the Borrower to the Collateral Agent pursuant to this Agreement.
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Closing Date Participation Interests. Any Participation Interest in an asset conveyed to the Issuer on the Closing Date pursuant to the Loan Sale Agreement until elevated by assignment, (including assets settled via the Master Participation Agreement). 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.
Sample 1
Closing Date Participation Interests means the undivided 100% participation interests granted by TICC CLO LLC or TICC Capital Corp., as applicable, to the Borrower in and to each Collateral Loan identified on Annex A to the TICC CLO Closing Date Participation Agreement or Schedule II to the Sale Agreement (to the extent constituting a participation interest pending completion of the assignment thereof in accordance with Section 2.4 of the Sale Agreement), as applicable, and in which a Lien is granted therein by the Borrower to the Collateral Agent pursuant to this Agreement.
Sample 1
Closing Date Participation Interests. The Participation Interests conveyed to the Borrower pursuant to the Master Participation Agreement; provided that, for purposes of this Agreement, each such Participation Interest shall be deemed to be a Closing Date Participation Interest until the 60th day following the Closing Date, unless such Participation Interest has been elevated to an assignment in favor of the Borrower by such day.
Sample 1

Related to Closing Date Participation Interests

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

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

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

  • 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);

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

  • Transferred Interests has the meaning set forth in the Recitals.

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

  • Effective date of participation means July 1, 1968, except with

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

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

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

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

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

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

  • Swing Line Loan Participation Certificate a certificate in substantially the form of Exhibit I.

  • 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.

  • Swing Line Participation Amount as defined in Section 2.7.

  • 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.

  • 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.

  • 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).

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

  • 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.

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

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

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