Examples of Participation Amounts in a sentence
In no event shall any Lender be obligated to make Revolving Credit Loans or Swing Line Loans if it would cause the sum of the aggregate principal amount of such Lender’s Revolving Credit Loans, Swing Line Participation Amounts and Swing Line Loans to exceed such Lender’s Commitment.
In no event shall any Lender be obligated to make Revolving Credit Loans or Swing Line Loans if it would cause the sum of the aggregate principal amount of such Lxxxxx’s Revolving Credit Loans, Swing Line Participation Amounts and Swing Line Loans to exceed such Lxxxxx’s Commitment.
The Participation Amounts shall be treated as funding made available by the Participant to the Grantor in respect of the Participation Assets as a result of which the Participant is contractually entitled to the Distributions (less any fees and charges), as provided in this Agreement.
If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their Revolving Credit Loans and Letter of Credit Participation Amounts.
Lessor shall share each payment applied to Base Rent among the Participants which funded the Outstanding Lease Amount pro rata according to (i) the respective Outstanding Participation Amounts so funded by such Participants and (ii) the dates on which such Participants so funded such amounts.
The then sum of all Participation Amounts of all Undivided Interests shall constitute "Aggregate Participation Amounts".
All calculations with respect to adjustments in the Individual Participation Percentages, Individual Funded Percentages and Individual Participation Amounts of, Funding Amounts owed by, or Distribution Amounts payable to, any Buyers resulting from any Buyer becoming a Defaulting Buyer or any actions taken by Agent pursuant to this Section 4.5 shall be made by Agent and communicated to Buyers in appropriate Funding Notices or other written notices (in all cases, with copies to Seller).
The Election Notice shall provide that all Participation Amounts received in any sale or transfer subject to any Sale Notice shall be paid either entirely in cash or entirely in Participation Securities.
In connection with any increase in the Maximum Availability pursuant to this Section 2.7(a), the Administrative Agent shall, without the necessity of the consent of any other Person, reallocate Credit Extensions among the Lenders to reflect each Lender’s pro rata share thereof based on their respective Uncommitted Participation Amounts after giving effect to such increase.
To the extent that any Lender that has agreed to incur the additional Uncommitted Participation Amounts necessary to effectuate the Borrowers’ request for such increase in the Maximum Availability is not an existing Lender, the Administrative Agent shall have received a joinder agreement, substantially in the form of Exhibit L attached hereto with appropriate completions, duly executed by the Borrowers, the Administrative Agent, and such new Lender.