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 shall have the meaning given such term in Section 3.01.
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Junior Participation Interest means a junior Participation Interest.
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Examples of Junior Participation Interest in a sentence

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

  • 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.

  • 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").

  • Further, a 2-year initial phase, including an initial ramp up4 period, is simply too short to gather sufficient data for meaningful results.

  • The terms of the Participation Agreement are incorporated herein by reference and shall govern this transaction, including, without limitation, the provisions of Section 15 of the Participation Agreement, regarding Transfers (as defined in the Participation Agreement) of the Junior Participation Interest or portions thereof.

  • Senior Participant will execute, deliver and issue to Senior Participant and Junior Participant and to any other holder of all or any portion of the Senior Participation Interest or Junior Participation Interest one (1) or more participation certificates (in substantially the form annexed hereto as Exhibit A and made a part hereof), evidencing the ownership of the Senior Participation Interest or Junior Participation Interest, as applicable.

  • 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.

  • 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.

  • Notwithstanding anything herein to the contrary, the parties hereto acknowledge and agree that the Junior Participation Interest does not represent a direct ownership interest in the Loan, but rather the Junior Participation Interest constitutes a direct, participating beneficial ownership interest in the Loan.

  • Initial Junior Participant assumes all risk of loss in connection with its Junior Participation Interest from the failure or refusal of the Borrower to pay interest, principal or other amounts due on the Loan, defaults by the Borrower under the Loan Documents or the unenforceability of any of the Loan Documents for reasons other than gross negligence or willful misconduct by Senior Participant.


More Definitions of Junior Participation Interest

Junior Participation Interest means the junior participation interest in the Wachovia Loans.
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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 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

Related to Junior Participation Interest

  • 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.

  • 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 means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

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

  • 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 or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or 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 all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis.