Eligible Participation definition

Eligible Participation has the meaning assigned to that term in Schedule IV hereto.
Sample 1Sample 2Sample 3
Eligible Participation means the majority undivided beneficial ownership interest of the Borrower in an Eligible Mortgage Investment and the Borrower's Ancillary Rights with respect thereto and with respect to which each of the following statements shall be accurate and complete in all respects on the date of determination:
Sample 1
Eligible Participation. With respect to each Issuer Transfer Asset Group, the uncertificated portion of a Participation in respect of a Reverse Mortgage Loan related to such Asset Group eligible for an HMBS issuance.
Sample 1

Examples of Eligible Participation in a sentence

  • The Value attributable to any Eligible Participation Interest shall be (i) for the period commencing on the Closing Date and ending on the date that is 90 days thereafter, the Value determined with respect to the portion of the underlying portfolio investment subject to such Eligible Participation Interest in accordance with this Section 5.12 and (ii) thereafter, zero.

Related to Eligible Participation

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

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

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

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

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

  • 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.

  • 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.

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

  • 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.

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

  • 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.

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

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • 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%).

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