Funded Participation definition

Funded Participation means (x) with respect to any Participant other than Truist Bank, the portion of such Participant’s Participating Commitment that has been funded in US Dollars or Canadian Dollars, and (y) with respect to Truist Bank, the portion of the Facility Commitment (including Swing Line Advances) that has been funded in US Dollars or Canadian Dollars, less the aggregate Funded Participations of all other Participants.

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Funded Participation has the meaning given to it in Clause 2.

Funded Participation means a Participation on a funded basis;

Examples of Funded Participation in a sentence

Subject to the application of payments pursuant to Article III and except as specifically provided therein, each payment of principal of any Funded Participation, each payment of interest with respect to the Funded Participation, each payment of the Participant Commitment Fees and each reduction of the Participating Commitments shall be allocated pro rata among the Participants in accordance with their respective applicable Pro Rata Shares.
Interest on each Participant’s US Funded Participation shall be payable by the Servicer to the Participants in US Dollars on each Participant Monthly Payment Date from interest payments received on the US Loans on such Participant Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.
The Sponsor expressly consents to the foregoing arrangements and agrees, to the extent permitted by applicable law, that any Participant holding a Funded Participation or a participation in a Funded Participation deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Sponsor to such Participant by reason thereof.
Each Participation Certificate shall be in an amount equal to the relevant Participant’s Participating Commitment Amount, and the Funded Participation outstanding thereunder shall bear interest as hereinafter set forth and shall be payable as hereinafter set forth.
Interest on each Participant’s Canadian Funded Participation shall be payable by the Servicer to the Participants in Canadian Dollars on each Participant Canadian Monthly Payment Date from interest payments received on the Canadian Loans on such Participant Canadian Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.
All payments by a Party shall be made without set-off or counterclaim other than in respect of amounts which are due to that Party under the Funded Participation.
The Transferee hereby requests the Grantor to accept the Transfer Certificate as being delivered to the Grantor pursuant to and for the purposes of the Funded Participation so as to take effect in accordance with the terms of the Funded Participation on the Transfer Date or on such later date as may be determined in accordance with the terms thereof.
A person who is not a Party has no rights under the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce or to enjoy the benefit of any term of the Funded Participation.
All payments or deposits by either Party to, or with, the other under the Funded Participation shall be made to the Receiving Account of that other Party.
In respect of each Funded Participation, the Grantor shall pay to the Participant the Participant’s Global Proportion of any amounts subsequently recovered by the Grantor in respect of any Relevant Costs and Expenses.

More Definitions of Funded Participation

Funded Participation means a loan participation transaction in which the participant funds the grantor in return for payments from the grantor equal to the principal, interest, and commissions, if any, under the loan agreement;

Funded Participation. Dated: Credit Agreement Details: Borrower(s): Credit Agreement Dated: Guarantor(s): Agent Bank: Security:  No  Yes (specify) Total Original Facility Amount: Governing Law: Additional Information: Participation Details: Participated Tranches/Facilities: Name of Tranche/Facility: Nature (Revolving or Term): Contractual Margin1: % % Final Maturity: Grantor's Commitment:1 Drawn Amount:1 Undrawn Amount:1 Participation Commitment: Participant's Proportion:1 % % Transfer Date: Details of outstanding Loans:1 Specify in respect of each Loan: Drawn Amount: Tranche/Facility: Nature:  Term or  Revolver Drawn Amount: Tranche/Facility: Nature:  Details of other Loans are set out on the attached sheet 1 As at the date of the Transfer Certificate.

Funded Participation means a Participation that is either fully funded by the Participant when the Participation Agreement is entered into or that, due to the nature of the Participated Transaction, may be fully or partially funded at a later date pursuant to Clause 6.2.2, and in all cases under which the Seller may make one or more demands for payment upon the Participant pursuant to Clause 10.5;

Funded Participation. Dated: Credit Agreement Details Borrower(s): UPC Broadband Credit Agreement Dated: 26th October 2000 (as amended from time to time) Guarantor(s): The Guarantors listed in Part 1 of Schedule 1 to the Credit Agreement together with any Additional Guarantors Agent Bank: TD Bank Security Limited Security: Yes (as constituted by the Security Documents) Total Facility Amount: €3,595,000,000 and US$347,500,000 Governing Law: English Additional Information: Participation Details: Participated Tranches/Facilities: [Tick the dates of all the Facility B Repayment Instalments which are the subject of the Funded Participation] [ ] 31st December, 2004 [ ] 30th June, 2005 [ ] 31st December, 2005 [ ] 30th June, 2006 [ ] 31st December, 2006 Name of Tranche/Facility: Facility B Nature (Revolving or Term): Term Contractual Margin:(1) % % Recurring Fees Final Maturity:(1) Participation Commitment: [Specify aggregate amount of the Participant's Participation Commitments] Details of outstanding Facility B Loans(3) Specify in respect of each Facility B Loan: Drawn Amount: [ ] Tranche/Facility: Facility B Nature: Term Administration Details Grantor's Receiving Account Participant's Receiving Account: Addresses Participant Transferee [ ] [ ] Address: Address: Telephone: Telephone: