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

  • 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.

  • 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 (through the Intermediate Seller and in accordance with the various steps described in this Agreement) on all of their respective relevant books and records.

  • 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.

  • 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.

  • 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.

  • 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.


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.
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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.
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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.
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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.
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Related to Closing Date Participation Interests

  • 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.

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

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

  • 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).

  • 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.

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

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