Participation Interest Account definition

Participation Interest Account means an account to be designated in writing from time to time by the Initial Lender to the Borrower.
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Participation Interest Account means the account established by the Lender pursuant to Section 2 hereof. “Revolving Line of Credit” (RLOC) and “Loan” may be used interchangeably for RLOCs except that a RLOC is a loan whereby the Lender agrees to lend up to a specific amount to a specified Borrower, and to allow sums to be borrowed, repaid and re-borrowed for a specified time period and at the end of the term the outstanding loan amount, including interest, fees, and penalties due, are to be fully repaid or refinanced without the Department’s participation.
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Participation Interest Account. The trust account established by the Participation Agent pursuant to Section 4.01(a) of the Participation Agreement.
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Examples of Participation Interest Account in a sentence

  • BankDirect’s seizure of the Participation Interest Account effectively means that Capital Premium is no longer able to deposit money into it or withdraw funds from it.

  • However, the account in question appears to be the Participation Interest Account, which BankDirect has also seized.

  • On the contrary, Gentry assumes that the parties’ relationship will be wound down within a couple of months.13Capital Premium contends that it will suffer similar harm if BankDirect is permitted to freeze its Participation Interest Account.

  • Ex. E, ECF No. 89-5.BankDirect asserts that it has not appropriated any of the funds in the Participation Interest Account, and that, as with the primary deposit account, it will “continue to accommodate CPFl’s requests to make payouts to and accept deposits from AFP Program Participants in the normal course of business.” Gentry Decl.

  • As discussed above, the Participation Interest Account maintains the funds that Capital Premium receives from participants in its AFP Program.

  • The Department shall at all times be the owner of the Participation Interest Account.

  • Relationship between RDA measure, m in (4.3) and∆ f for a 100 dBexponential change in amplitude for a single Hann windowed sinusoid at a frequency of 10 kHz……………………………………………………...

  • If the Borrower requests a draw upon its Line of Credit and the Lender is obligated to extend funds to the Borrower pursuant to the terms and conditions of the Closing Documents, then the Lender may withdraw funds from the Participation Interest Account in an amount equal to the Department's pro rata amount of such amount.

  • NMME 6-PANEL MONTH-3 MODEL FORECAST GRAPHICSeasonal Precipitation Index Outlook with a one-month lead time for models contributing to the NMME.

  • Each Participation Interest Account shall accrue interest at the rate of interest set forth in the Acceptance Letter.


More Definitions of Participation Interest Account

Participation Interest Account means the “Sub-Participation Interest Account” held by the Participation Agent on behalf and for the benefit of the Pass-Through Trust pursuant to Article IV of the Participation Agreement.
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Related to Participation Interest Account

  • 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.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).

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

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

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Amount as defined in Section 3.4(b).

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Class C Reserve Account Percentage means, (i) zero, if the Quarterly Excess Available Funds Percentage on such Transfer Date is greater than or equal to 4.50%, (ii) 1.25%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 4.00% and greater than or equal to 3.50%, (iv) 2.75%, if the Quarterly Excess Available Funds Percentage is less than 3.50% and greater than or equal to 3.00%, (v) 3.50%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 3.00% and greater than or equal to 2.50%, (vi) 4.50%, if the Quarterly Excess Available Funds Percentage is less than 2.50% and greater than or equal to 2.00%, and (vii) 6.00%, if the Quarterly Excess Available Funds Percentage on such Transfer Date is less than 2.00%.

  • Participation Fee means the amount payable by the Participant to the Council for the right to participate in the Hong Kong Pavilion at the Exhibition, as specified in Section I of the Application Form.

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

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

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Participation Period means a period during which contributions may be made toward the purchase of Stock under the Plan, as determined pursuant to Section 6.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.