Consent to Loan Participation definition

Consent to Loan Participation section: "Notwithstanding anything to the contrary contained in the foregoing or in this Agreement, Lender agrees to hold at least $10,000,000 of the Loans and remain the "lead bank" or "agent" with respect to the administration of the Loans and the Collateral."
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Examples of Consent to Loan Participation in a sentence

  • In the subparagraph titled "Consent to Loan Participation" the following sentence shall be added to the end of the subparagraph: Lender shall provide Borrower with written notice of sale or transfer of any participation interest in the Loan occurring subsequent to the date of this Agreement.

  • Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or define the provisions of this Agreement Consent to Loan Participation.

  • This means that each of the persons signing below is responsible for all obligations in this Agreement Consent to Loan Participation.

  • Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or define tile provisions of this Agreement, Consent to Loan Participation.

  • BUSINESS LOAN AGREEMENT (ASSET BASED) Consent to Loan Participation.

  • Consent to Loan Participation, Xxxxxxxx agrees and consents to Xxxxxx's sale or transfer, whether now or later, of one or more participation interests in the Loan to one or more purchasers, whether related or unrelated to Lender.

  • Consent to Loan Participation: Xxxxxxxx agrees and consents to Xxxxxx's sale or transfer, whether now or later, of one or more participation interests in the Loans to one or more purchasers, whether related or unrelated to Lender.

  • BN 31956266v7 BUSINESS LOAN AGREEMENT Consent to Loan Participation.

  • In "Miscellaneous Provisions - Consent to Loan Participation", the following sentence is hereby added as the third sentence of this paragraph: "Notwithstanding any other provision, any purchaser of a participation interest must comply with the same confidentiality obligations as apply to Lender".

  • In "Miscellaneous Provisions - Consent to Loan Participation", the following is deleted: The last sentence of this paragraph beginning "Borrower further agrees" and ending "against Lender".

Related to Consent to Loan Participation

  • 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 Loan Participation Certificate a certificate substantially in the form of Exhibit H.

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

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

  • 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.

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

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

  • 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 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.

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

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

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • 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.

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

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

  • Existing Lenders has the meaning specified in the recitals hereto.

  • 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.

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

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Purchasing Lenders shall have the meaning set forth in Section 9.6(c).

  • 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:

  • Risk Participation Liability means, as to each Letter of Credit, all reimbursement obligations of Borrowers to the Issuing Lender with respect to an L/C Undertaking, consisting of (a) the amount available to be drawn or which may become available to be drawn, (b) all amounts that have been paid by the Issuing Lender to the Underlying Issuer to the extent not reimbursed by Borrowers, whether by the making of an Advance or otherwise, and (c) all accrued and unpaid interest, fees, and expenses payable with respect thereto.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Participation Notice has the meaning set forth in Section 4.2;