Participation Agent definition
Participation Agent. With respect to any Non-Custody Collateral Interest, the party designated as such under the related Participation Agreement.
Participation Agent means IBJTC Leasing Corporation-BSC, as Participation Agent for the Participants.
Participation Agent means such entity that the Client shall contract with to perform the duties of participation agent under the GNMA II Custom MBS Program.
Examples of Participation Agent in a sentence
Promptly upon receipt of notice from the Special Servicer of a reallocation in accordance with the related Participation Agreement, the Servicer shall reflect any such increase on the Participation Holder Register and shall provide a copy of such updated register to the Participation Agent, the Issuer, the Collateral Manager and the related Companion Participation Holder.
The foregoing is furnished for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged by the undersigned, and the undersigned understands and intends that the Participation Agent and the Lenders will rely on the foregoing and that the undersigned will be legally bound by the foregoing.
The Client shall be responsible for the payment of the fees and expenses of its Participation Agent, if applicable.
Promptly upon receipt of notice from the Special Servicer of a reallocation in accordance with the related Participation Agreement, the Servicer shall reflect any such increase on the Participation Holder Register and shall provide a copy of such updated register to the Participation Agent (if applicable), the Issuer, any applicable Directing Holder and the related Companion Participation Holder.
The Issuer agrees to be responsible and liable for the monitoring and accounting for the Participations, including any acts or omissions of its Participation Agent in connection therewith.
More Definitions of Participation Agent
Participation Agent. With respect to any Participated Loan that is a Non-CLO Custody Collateral Interest, the party designated as such under the related Participation Agreement. “Participation Agent Fee”: With respect to each Participated Loan that is a Non- CLO Custody Collateral Interest, the sum of $250 per month. “Participation Agreement”: With respect to each Participated Loan, the participation agreement that governs the rights and obligations of the holders of the related Pari Passu Participation, the related Future Funding Companion Participation and, if applicable, the Related Funded Companion Participation. “Participation Holder Register”: Shall have the meaning ascribed it in Section 3.25(b) hereof. “Patewood Repurchase Event”: As defined in the Indenture. ▇▇▇▇▇▇▇▇.
Participation Agent means such entity that the Client shall contract with to perform the duties of participation agent under the GNMA II Custom MBS Program. “Participations” means with respect to any HMBS Loan, participations that are eligible to be converted into HMBS. “Party” means Client or BANA, as applicable. “Person” means an individual, corporation, partnership, limited liability company, joint venture, trust or unincorporated organization. “Pledge Agreement” means the Pledge and Security Agreement, dated as of December 5, 2011, by and between Nationstar Mortgage LLC, as pledgor and BANA, as pledgee. “Pool Data” means a schedule attached to a ▇▇▇▇▇▇ ▇▇▇ Pooling Request containing the information set forth in Exhibit D-1 hereto. “Principal Advances” means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs. “Principal Balance” means, with respect to any Mortgage Loan on any date of determination, the principal balance of the Mortgage Loan as of such date (including, without limitation, all related Servicing Fees, Principal Advances, accrued interest and Servicing Advances to the extent permitted to be added to the principal balance of the Mortgage Loan) after giving effect to payments of principal on or before such date. “Principal Prepayment” Any partial or full payment or other recovery of principal on a Mortgage Loan. “Privacy Requirements” means the obligations imposed by (i) Title V of the ▇▇▇▇▇- ▇▇▇▇▇-▇▇▇▇▇▇ Act, 15 U.S.C. § 6801 et seq., (ii) the applicable federal regulations implementing such act and codified at 12 CFR Parts 40, 216, 332, and/or 573, (iii) Interagency Guidelines Establishing Standards For Safeguarding Borrower Information published in final form on February 1, 2001, (such final guidelines and/or rules the “Interagency Guidelines”) and (iv) other applicable federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Customer Information, including the federal Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and similar state laws.
Participation Agent. ▇▇▇▇▇ Fargo Bank, N.A.
Participation Agent. With respect to each Participated Loan that is a Non-CLO Custody Collateral Interest, the party designated as such under the related Participation Agreement. “Participation Agreement”: With respect to each Participated Loan, the participation agreement that governs the rights and obligations of the holders of the related Pari Passu Participation and the related Companion Participation. “Participation Custodial Agreement”: With respect to each Participated Loan that is Non-CLO Custody Collateral Interest, that certain Custodial Agreement entered into in accordance with the related Participation Agreement and pursuant to which the Participation Custodian holds the loan file with respect to such Participated Loan. “Participation Custodian”: With respect to each Participated Loan that is Non- CLO Custody Collateral Interest, the document custodian or similar party under the related Participation Custodial Agreement. “Patewood Mezzanine Loan”: As defined in Section 4(f). “Repurchase Price”: The sum of the following (in each case, without duplication) as of the date of such repurchase: (i) the then-Stated Principal Balance of such Collateral Interest, plus (ii) accrued and unpaid interest on such Collateral Interest, plus (iii) any unreimbursed advances made under the Indenture or the Servicing Agreement, plus (iv) accrued and unpaid interest on advances made under the Indenture or the Servicing Agreement on the Collateral Interest, plus (v) any reasonable costs and expenses (including, but not limited to, the cost of any enforcement action incurred by the Issuer or the Trustee in connection with any such repurchase). “Retained Interest”: Any origination fees paid on the Collateral Interests and any interest in respect of any Collateral Interest that accrued prior to the Closing Date and has not been paid to Seller. ▇▇▇▇▇▇▇▇.
Participation Agent means U.S. Bank National Association as participation agent under the Master Participation Agreement.
Participation Agent. With respect to each Participated Mortgage Loan that is a Non-CLO Custody Mortgage Asset, the party designated as such under the related Participation Agreement.
Participation Agent. NYMT Loan Trust 2016-RP1, a Delaware statutory trust.