Economic Participation definition

Economic Participation has the meaning set forth in the Servicing Agreement.
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Economic Participation means on any date of determination the purchase by Servicer of an economic participation consisting of a 100% interest in a Loan, including the right to receive all payments, including without limitation principal, billed interest and fees, related to such Loan, and to the extent permitted by Applicable Law, all claims, suits, causes of action and any other right of Lender as the seller of such participation, whether known or unknown, against the Borrower of such Loan arising under or in connection with the Loan Documents or that is in
Sample 1
Economic Participation means the percentage of the Company’s share of revenues net of the Company’s share of costs of flights within the Joint Venture as targeted and described in any Joint Venture/Alliance Agreement between the participating carriers. For purposes of this subparagraph B.5.a.(2), the Capacity Requirement shall be measured annually, as of January 1 of each calendar year, for the prior 12 month period in the first annual measurement, and thereafter for the prior 24 month period. If the Company’s share of Joint Venture flying is within 4 percentage points of its Capacity Requirement, the Company will be deemed to be in compliance with the Capacity Requirement (e.g. if the Company’s Economic Participation in a Joint Venture is 50%, the Company will be deemed to be in compliance with its Capacity Requirement if the Company provides at least 46% of the scheduled block hours of flights within the Joint Venture in the relevant measuring period). If the Company is not in compliance with the Capacity Requirement at the end of any measurement period, the Company shall have 6 months following the measurement to adjust the allocation of Joint Venture flying to satisfy the Capacity Requirement.
Sample 1

Examples of Economic Participation in a sentence

  • Our workforce teams are divided into Health and Wellbeing, Social Participation, Economic Participation, Diverse Care and Corporate Services to ensure a high impact and client centred service.

  • It is the policy of the Board of Education (the "Board") that qualified and bona fide Minority Business Enterprises ("MBE") and Women Business Enterprises ("WBE"), as those terms are defined in the Remedial Program for Minority and Women Business Enterprise Economic Participation (the "Program") shall have the maximum feasible opportunities to participate fully in the performance of all contracts administered by the Chicago Public Schools (the "District").

  • The parties’ mutual intent is that their alignment on these key business principles will be the next milestone in the process of good faith negotiation and execution of the Economic Participation Agreement regarding future non-direct store delivery products or business models.

  • In primary cooperatives members have equal voting rights (one member, one vote), and cooperatives at other levels are also organized in a democratic manner.3. Member Economic Participation.

  • The parties hereto acknowledge that, while they will work towards the execution of the Economic Participation Agreement with respect to the U.S. national food service and warehouse juice businesses as soon as reasonably practicable, the execution of such Economic Participation Agreement is not a condition to the Closing.

  • The parties hereto acknowledge that, while they will work towards such alignment on key principles and the subsequent execution of the Economic Participation Agreement regarding future non-direct store delivery products or business models as soon as reasonably practicable, neither alignment on key principles nor the execution of such Economic Participation Agreement is a condition to the Closing.

  • It is the policy of the Board of Education (the "Board") that qualified and bona fide Minority Business Enterprises ("MBE") and Women Business Enterprises ("WBE"), as those terms are defined in the Remedial Plan for Minority and Women Business Enterprise Economic Participation (the "Plan") shall have the maximum feasible opportunities to participate fully in the performance of all contracts administered by the Chicago Public Schools (the "District").

  • The Economic Participation programme for Central Bedfordshire is designed to increase prosperity by raising levels of economic participation and to ensure that everyone has the opportunity to participate fully in the economy.

  • The Company has economic participation agreements with respect to the Wanipigow Sand Quarry with Hollow Water First Nation and the Incorporated Community of Seymourville (together, the "Economic Participation Agreements").

  • The Economic Participation Capital Project described in this PID has been approved by both the Local Strategic Partnership’s Economy and Environment Thematic Partnership (membership see section 8) and EEDA.


More Definitions of Economic Participation

Economic Participation means on any date of determination the purchase by Servicer of an economic participation consisting of a 100% interest in a Loan, including the right to receive all payments, including without limitation principal, billed interest and fees, related to such Loan, and to the extent permitted by Applicable Law, all claims, suits, causes of action and any other right of Lender as the seller of such participation, whether known or unknown, against the Borrower of such Loan arising under or in connection with the Loan Documents or that is in any way based on or related to any of the foregoing or the loan transactions governed thereby, against payment to Lender of an amount equal to the Outstanding Balance of such Loan.
Sample 1
Economic Participation means an economic participation consisting of a 100% interest in the economic rights in a Loan, including the right to receive all payments, including without limitation principal, interest and fees, related to such Loan, and to the extent permitted by applicable Law, all claims, suits, causes of action and any other right of Lender as the seller of such participation, whether known or unknown, against the Borrower of such Loan arising under or in connection with the loan agreement and other documents evidencing such Loan or that is in any way based on or related to any of the foregoing or the loan transactions governed thereby. For the avoidance of doubt, an Economic Participation in a Loan shall not include title to the Loan.
Sample 1
Economic Participation means an economic participation consisting of a 100% undivided interest in the economic rights in a Loan (or such other percentage as agreed by Lender and a Purchaser, as specified in a Participation Sale Agreement), including the right to receive a proportionate amount of all payments, including, without limitation, principal, interest and fees, related to such Loan, and to the extent permitted by applicable Law, the right to receive all proceeds of and resulting from all claims, suits, causes of action and any other right of Lender as the seller of such participation, whether known or unknown, against the Borrower of such Loan arising under or in connection with the credit agreement and other documents evidencing such Loan or that is in any way based on or related to any of the foregoing or the loan transactions governed thereby; provided, however, that if a Purchaser fails to timely purchase an Economic Participation in any Future Advance for a Loan as contemplated by Section 2.12(b)(iv) and in accordance with the applicable Participation Sale Agreement, then the percentage interests in the economic rights of such Loan shall be automatically adjusted to reflect the relative percentages of (x) the outstanding principal balance amount previously purchased by Purchaser and then outstanding in such Loan and (y) the then-outstanding principal balance of all such Future Advances for such Loan that were funded by Lender but in which Purchaser has not purchased an Economic Participation as contemplated by Section 2.12(b)(iv) and in accordance with the applicable Participation Sale Agreement, until such time as the Purchaser has satisfied such obligations to purchase Economic Participations in such Future Advances. In the event that Lender and a Purchaser agree to the sale of an Economic Participation that constitutes less than a 100% interest in the economic rights in a Loan, then Lender, Purchaser and Servicer shall mutually agree on appropriate adjustments to this Origination Agreement, the Servicing Agreement, the Economics Agreement and the applicable Participation Sale Agreement to reflect the interest purchased by the Purchaser and the interest retained by Lender. For the avoidance of doubt, an Economic Participation in a Loan shall not include title to the Loan, and is intended to constitute a “participation” within the meaning of the Federal Deposit Insurance Corporation’s Safe Harbor Rule for Participations, 12 C.F.R. § 360.6 (as in effect from time to...
Sample 1

Related to Economic Participation

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

  • 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.

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

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • 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);

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

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

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

  • 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.

  • Participations shall have the meaning set forth in Section 13.1 hereof.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • 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 the Revolving Loans then outstanding).

  • 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.

  • 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 Underlying 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 15 November 2017 is 100% (in any case, it will not be below 80%).

  • Participation Period has the meaning set forth in Section 4.2 hereof.

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

  • 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.

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

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • 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.

  • Direct Participation means the total value of payments made to MBE or WBE firms for work that is completed in their Area of Specialty directly related to the performance of the subject matter of the contract.

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.