Junior Participation definition

Junior Participation. One or more junior participation interests (or B Notes) in an Underlying Whole Loan pursuant to a Senior AB Participation, in which the related Senior Participation is a Loan Obligation that has been acquired by the Issuer.
Sample 1Sample 2Sample 3
Junior Participation shall have the meaning set forth in Section 5.4(b) hereof.
Sample 1Sample 2Sample 3
Junior Participation. (i) One or more junior participation interests (or B Notes) in a Whole Loan or (ii) the 5 Times Square Junior Participation, as the context may require.
Sample 1Sample 2

Examples of Junior Participation in a sentence

  • Each Junior Participation will be transferred to one or more third parties (in such capacity, each, a “Junior Holder”).

  • Except for the Loan Obligations identified on Annex A to the Offering Memorandum as a Senior Participation or as a Junior Participation, each Closing Date Loan Obligation is a whole loan and not a participation interest in a Mortgage Loan.

  • The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien, security interest or claim on or to the Collateral, other than the security interests created under this Agreement, Permitted Subordinated Loans or Permitted Junior Participation Interests, and the Borrower will defend the right, title and interest of the Agent and the Secured Parties in and to any of the Collateral against the claims and demands of all persons whomsoever.

  • This Loan Participation Certificate is issued pursuant to, and the Junior Participation evidenced hereby is subject to, the terms of the Participation Agreement and the Credit Agreement.

  • CapitalSource shall purchase each Junior Participation Interest at a price equal to par, and such Junior Participation Interest will accrue interest in an amount equal to the lesser of (i) a portion of the mortgage interest accruals on the Approved Loan such that CapitalSource receives a 20% annualized yield on such Junior Participation Interest, or (ii) 100% of the mortgage interest accruals on such Approved Loan.


More Definitions of Junior Participation

Junior Participation means the interest of the Junior Participant in the Mortgage Loan, as set forth in this Agreement.
Sample 1Sample 2
Junior Participation means the amount of the Junior Participation purchased by Junior Participants from Lender pursuant to the Junior Participation Agreement.
Sample 1Sample 2
Junior Participation. One or more junior participation interests (or B notes) in a Participated Mortgage Loan.
Sample 1
Junior Participation means the principal amount or face amount, as applicable, of the Loans and the Letter of Credit Accommodations which are subject to a junior participation interest pursuant to a Junior Participation Agreement; sometimes collectively referred to herein as "Junior Participations".
Sample 1
Junior Participation. A subordinated interest in the Mortgage Loans initially retained by the Company pursuant to this Agreement.
Sample 1
Junior Participation shall have the meaning given such term in the Participation Agreement.
Sample 1
Junior Participation shall have the meaning assigned to such term in Section 2.1.
Sample 1