Participation Interests definition
Participation Interests shall have the meaning specified in subsection 2.09(a)(ii).
Participation Interests means the limited liability company, general or limited partnership interests in Owner, any other option entity or any Contributing Entity, as applicable and, to the extent a limited liability company, general or limited partnership interests are held by an agent for the benefit of participants, the beneficial ownership of such interests.
Participation Interests means, with respect to an Underlying Mortgage Loan, all of the economic, beneficial and equitable ownership interests (together with the related Servicing Rights) therein pursuant to the Participation Agreement.
Examples of Participation Interests in a sentence
Until Elevation occurs for each Participated Loan, the Seller shall hold title to each of the Participated Loans for the benefit of the Purchaser to the extent of the Participation Interests.
More Definitions of Participation Interests
Participation Interests means participations representing undivided interests in a pool of assets primarily consisting of receivables in revolving credit card accounts or other revolving credit accounts owned by an Account Owner or any Affiliate thereof and collections thereon.
Participation Interests means the participation interest of each Bank in (a) any Swing Line Loan, as provided in Section 2.7(b), (b) Letters of Credit, as provided in Section 2.8(a) and (b), and (c) Loans of other Banks, as provided in Section 4.5.
Participation Interests means Revolving Participation Interests or Credit-Linked Participations, individually or collectively as the context may require.
Participation Interests means undivided pro-rata participation interests in Non-Portfolio Loans.
Participation Interests is defined in SECTION 2.8(b).
Participation Interests means the participation interests held at the date of this Agreement by the Sellers, which together constitute a 10% (ten per cent) participation interest in the charter capital of the Company;
Participation Interests also include all accounts receivable and general intangibles arising out of the Participation Agreement in respect of Underlying Assets, and, to the extent not otherwise included, all proceeds of any and all of the foregoing.