Participation Holder definition

Participation Holder shall have the meaning provided in Section 6.4 of the Participation Agreement.
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Participation Holder means the Participation A Holder or the Participation B Holder.
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Participation Holder shall have the meaning provided in Section 6.4 of the Participation Agreement. “Payment Date” shall mean initially, the Monthly Date occurring each calendar month after the Base Term Commencement Date and, thereafter, the Monthly Date in each calendar month occurring during the Base Term provided, that in each case, any Payment Date that would otherwise extend beyond the Maturity Date shall end on the Maturity Date. “Payment Period” shall mean a period of one (1) month ending on a Monthly Date commencing on the Base Term Commencement Date and ending on but excluding the first Payment Date and, thereafter, commencing on the prior Payment Date and ending on but excluding the next Payment Date, provided that, with respect to Yield defined by reference to the Alternate Base Rate, a period of one (1) month commencing on the first Payment Date with respect to such Alternate Base Rate and ending on but excluding the next Payment Date and, thereafter, commencing on the prior Payment Date and ending on but excluding the next Payment Date. “Payment Recipient” shall have the meaning provided in Section 8.13(a) of the Participation Agreement. “PBGC” shall mean Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. “Permitted Contest” shall mean actions taken by a Person to contest in good faith, by appropriate proceedings initiated timely and diligently prosecuted, the legality, validity or applicability to the Leased Property or any interest in the Leased Property or to the operation, use or maintenance of the Leased Property or the Overall Transaction by, any Person of: (a) any Applicable Laws; (b) any term or condition of, or any revocation or amendment of, or other proceeding relating to, any Governmental Action; or (c) any Lien or Tax; provided that the initiation and prosecution of such contest would not: (i) in the reasonable opinion of an Indemnitee to which such proceeding relates, result in, or increase the risk of, the imposition of any criminal liability or penalty or material civil liability on any Indemnitee; (ii) be reasonably likely to adversely affect the validity, perfection or priority of the lien and security interests created by the Operative Documents or the right, title or interest of the Lessor in or to the Leased Property or the right of any Participant to receive payment of the Lease Balance or Yield or any interest therein, as applicable; (iii) be reasonably likely to adve...
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Examples of Participation Holder in a sentence

  • The Servicer shall promptly provide the names and addresses of any Companion Participation Holder to any party hereto, any related Companion Participation Holder or any successor thereto upon written request, and any such party or successor may, without further investigation, conclusively rely upon such information.

  • The Servicer shall update each Participation Holder Register upon any transfer or reallocation in accordance with the terms of the related Participation Agreement or upon written notice from any holder of record on the Participation Holder Register with any change applicable to such holder (including name, contact information and wire transfer instructions).

  • The Servicer shall record on the applicable Participation Holder Register the names and contact information (including addresses, email addresses and telephone numbers) of the holders of the related Participations, the outstanding balances and/or Future Funding Amounts held by such holders and the wire transfer instructions for such holders, to the extent such information is provided in writing to the Servicer by the applicable holder in accordance with the related Participation Agreement.

  • In the event that a Companion Participation Holder transfers its Companion Participation without notice to the Servicer, the Servicer shall have no liability whatsoever for any misdirected payment on such Companion Participation and shall have no obligation to recover and redirect such payment.

  • In no event shall the Servicer be obligated to pay any party the amounts payable to a Companion Participation Holder hereunder other than the Person listed as the applicable Companion Participation Holder on the applicable Participation Holder Register.

  • The parties to this Agreement acknowledge that the Seller and each Companion Participation Holder is an intended third-party beneficiary in respect of the rights afforded it under this Agreement and may directly enforce such rights.

  • Each Participation Holder Register shall be made available by the Servicer to the Note Administrator, the Trustee, the Seller and any related Companion Participation Holder upon request by any such Person.

  • Each Companion Participation Holder has agreed to inform the Servicer of its name, address, taxpayer identification number and wiring instructions (to the extent the foregoing information is not already contained in the related Participation Agreement) and of any transfer thereof (together with any instruments of transfer).

  • Each of the Servicer and the Special Servicer shall not be obligated to make any payments hereunder to the Issuer or any Companion Participation Holder until the Issuer or such Companion Participation Holder, as the case may be, shall have furnished to each of the Servicer and the Special Servicer the requested forms, certificates, statements or documents.

  • Each Companion Participation Holder is required pursuant to the terms of the related Participation Agreement to inform the Servicer of any future funding with respect to its Future Funding Companion Participation.

Related to Participation Holder

  • L/C Participation shall have the meaning provided in Section 3.3(a).

  • 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:

  • 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 Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

  • 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.