Participation Advance definition

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

Participation Advance means as is specified in Section 2.8(c)(iii).

Participation Advance has the meaning set forth in Section 3.04(b).

Examples of Participation Advance in a sentence

• Each Lender's payment to the Administrative Agent for the account of the Issuing Lender pursuant to Section 2.9.3 [Disbursements, Reimbursement] shall be deemed to be a payment in respect of its participation in such Letter of Credit Borrowing (each a "Participation Advance") from such Lender in satisfaction of its participation obligation under this Section 2.9.3.

• Each Lender shall record in its records, the date and amount of each Loan and Participation Advance made by such Lender hereunder, the interest rate with respect thereto, the Interest accrued thereon and each repayment and payment thereof.

• Each Lender's payment to Agent pursuant to Section 2.12(c) shall be deemed to be a payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a "Participation Advance" from such Lender in satisfaction of its Participation Commitment under this Section 2.12.

• Each Lender shall record in its records, the date and amount of each Loan and Participation Advance made by such Lender hereunder, the Interest Rate with respect thereto, the Interest accrued thereon and each repayment and payment thereof.

• The Administrator shall apply funds deposited into the LC Collateral Account to satisfy a Defaulting Purchaser’s obligation to fund its portion of a Reimbursement Purchase requested or deemed requested by the Seller and to fund any Participation Advance required to be made by such Defaulting Purchaser.

More Definitions of Participation Advance

Participation Advance means, with respect to any Lender, such Lender’s payment in respect of its participation in a Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.10.4 [Repayment of Participation Advances].

Participation Advance has the meaning specified in Section 2.7.3.3 [Disbursements, Reimbursement].

Participation Advance shall have the meaning specified in Section 2.9(c) [Disbursements, Reimbursement].

Participation Advance has the meaning set forth in Section 1.14(b) of the Agreement.

Participation Advance shall have the meaning specified in Section 2.10.4(a) [Repayment of Participation Advances].

Participation Advance has the meaning set forth in Section 1.14(b).

Participation Advance means, with respect to any Reimbursement Borrowing requested in respect of any draw on any Letter of Credit, the amount that the related LC Issuer shall be deemed to have advanced to cover a Defaulting Committed Lender’s failure to fund its Lender Group Percentage of such Reimbursement Borrowing.