Participant Funding definition

Participant Funding means a funding by the Participants of their respective Participant’s Interest in Advances or Loans in US Dollars or Canadian Dollars.
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Participant Funding means a funding by the Participants of their Pro Rata Share of Loans outstanding.
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Participant Funding means a funding by the Participants of their respective Pro Rata Shares of Advances or Loans outstanding under either or both Facilities.
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Examples of Participant Funding in a sentence

  • Each Participant agrees that in computing its Pro Rata Share of any Participant Funding hereunder, the Servicer may, in its discretion, round each Participant’s percentage of such Participant Funding Request to the next higher or lower whole dollar amount.

  • Each Participant agrees that in computing such Participant's portion of any Funded Participant's Interest to be made hereunder, the Servicer may, in its discretion, round each Participant's percentage of such Participant Funding Request to the next higher or lower whole dollar amount.

  • Each Participant expressly agrees, however, that it shall be obligated to fund its Pro Rata Share of requested Participant Funding with respect to Advances made by the Servicer with respect to unreimbursed drawings upon outstanding Letters of Credit whether or not a Credit Event, Unmatured Credit Event or Loan Default has occurred and is continuing and whether or not made as a Fronting Advance.

  • Each Participant agrees that in computing such Participant’s portion of any Funded Participant’s Interest to be made hereunder, the Servicer may, in its discretion, round each Participant’s percentage of such Participant Funding Request to the next higher or lower whole dollar amount.

  • If (i) any Credit Event, Change in Control or Wind-Down Event shall have occurred, (ii) after giving effect to any requested Advance, the US Dollar Equivalent of the aggregate Swing Line Advances outstanding hereunder would exceed $25,000,000, or (iii) the Servicer otherwise determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to Section 2.3(b) requesting a Participant Funding.

  • If (i) any Credit Event, Change of Control or Wind-Down Event shall have occurred, (ii) after giving effect to any requested Advance, the aggregate Swing Line Advances outstanding hereunder would exceed $8,000,000, or (iii) the Servicer otherwise determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to subsection (b) requesting a Participant Funding.

  • The Non-Discretionary Component of the Bonus Pool shall be allocated among Participants in an amount equal to his or her Participant Funding Amount multiplied by the Non-Discretionary Allocation Percentage.

  • If (i) any Credit Event shall have occurred, (ii) after giving effect to any Advance, the aggregate Fronting Advances outstanding hereunder would exceed STBA's Participating Commitment, or (iii) the Servicer otherwise determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to subsection (b) requesting a Participant Funding.

  • Each Participant shall make its Participant Funding in the amount of its Pro Rata Share on the proposed date thereof by wire transfer of immediately available funds to the Servicer in Atlanta, Georgia by not later than 2:00 P.M. (Atlanta, Georgia time).

  • If (i) any Credit Event shall have occurred, (ii) after giving effect to any Advance, the aggregate Fronting Advances outstanding hereunder would exceed Bank of America’s Participating Commitment, or (iii) the Servicer otherwise determines in its sole discretion to request a Participant Funding hereunder, then the Servicer shall notify the Participants pursuant to subsection (b) requesting a Participant Funding.


More Definitions of Participant Funding

Participant Funding as a means to overcome this concern. As this approach is now implemented,21 transmission expansion depends on individual market participants agreeing to fund an upgrade. Instead of receiving the assured return obtained by transmission owners, the funding entity would receive rights, in the amount of the incremental transmission capability produced by the upgrade, to uncertain revenue streams associated with future congestion along the grid segments the upgrade decongested. This mechanism is poorly adapted to a dynamic AC grid, where benefits and beneficiaries of an upgrade are many, difficult to assign, change over time
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Participant Funding means that projects generally pay the full cost of any identified upgrades, even though in many cases these transmission investments benefit the grid and customers overall and would be more appropriately planned through the transmission planning process, which would likely identify more efficient upgrades that deliver greater net benefits relative to the current, piecemeal approach of pursuing transmission upgrades via the interconnection process.
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Related to Participant Funding

  • Participant Group means you, each of your holding companies and subsidiaries and each subsidiary of each of your holding companies (as each such term is defined in the Companies Act 1985); and

  • Deferred member means a person who elected to receive deferred vested retirement

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Participant has the meaning specified in Section 10.06(d).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Plan Sponsor has the meaning given in ERISA Section 3(16)(B).

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Participant Agreement means an employment or other services agreement between a Participant and the Service Recipient that describes the terms and conditions of such Participant’s employment or service with the Service Recipient and is effective as of the date of determination.