Junior Participation Interest definition

Junior Participation Interest means the junior participation interest to be purchased by the Junior Participant in the Term A-2 Loan in accordance with the terms of the Junior Participation Agreement.
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Junior Participation Interest means a junior participation interest in a performing commercial real estate loan or a “B note” in an “A/B structure” in a performing commercial real estate loan.
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Junior Participation Interest shall have the meaning given such term in Section 3.01.
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Examples of Junior Participation Interest in a sentence

  • 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.

  • Upon the terms and subject to the conditions set forth in this Agreement, and in accordance with §1705.38 et seq.

  • CapitalSource agrees to purchase from Column a 20% subordinate, first-loss participation interest (a "Junior Participation Interest") in any Approved Loan originated by Column.

  • Column will initially retain an 80% senior participation interest in such loans (a "Senior Participation Interest" and, together with the Junior Participation Interest, the "Participation Interests").

  • This Agreement shall terminate (except for such rights as are expressly provided to survive any termination of this Agreement) upon the earlier to occur of (a) full and final payment of all amounts due under the Senior Participation Interest and Junior Participation Interest, as the case may be, or (b) as otherwise set forth in this Agreement, including, without limitation, upon the purchase by Senior Participant of the Junior Participation Interest pursuant to Section 14.

  • This is also my main project issue, finding more and new methods of eliminating uninteresting assertions, and implementing them so this result can be improved.

  • Each Purchased Asset is a Conduit Asset, a Non-Conduit Asset, a Pari Passu Participation Interest, a Senior Participation Interest, a Junior Participation Interest, a Non-Controlling Interest, a B-Note or a Pledged LLC Interest.

  • Robbins issued by Connecticut Mutual Life Insurance Company, (ii) repayment to PER of $750,000 upon its Junior Participation Interest in Pat Fashions Industries, Inc.

  • In the case of each Junior Participation Medallion Loan, the Administrative Agent shall have determined in its sole and absolute discretion that the subordinated participation is a Permitted Junior Participation Interest and the Administrative Agent shall have so notified the Borrower.

  • Immediately prior to such transfer, Senior Participant shall purchase the Junior Participation Interest from Junior Participant for a purchase price equal to the then Junior Participation Principal Balance plus all accrued and unpaid interest thereon at the Junior Participation Rate plus the Securitization Repurchase Amount.


More Definitions of Junior Participation Interest

Junior Participation Interest means a junior Participation Interest.
Sample 1Sample 2
Junior Participation Interest means the junior participation interest to be purchased by the Junior Participant in the Term A- 2 Loan in accordance with the terms of the Junior Participation Agreement.
Sample 1
Junior Participation Interest means the junior participation interest in the Wachovia Loans.
Sample 1

Related to Junior Participation Interest

  • 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.

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

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

  • 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);

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

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

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

  • Participation Amount as defined in Section 3.4(b).

  • Participating Interest is defined in Section 1.2(d) hereof.

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

  • Swing Line Participation Amount as defined in Section 2.7.

  • 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:

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

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

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

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

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

  • 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.

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

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

  • 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).