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 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.

Examples of Participation Interests in a sentence

• The parties acknowledge that the Participation Interests have been sold by Guarantor to Seller pursuant to a Participation Agreement.

• Buyer shall exercise all voting rights with respect to the Participation Interests, as applicable.

• No fraudulent acts were committed by any Seller Party or Servicer or any of their respective Affiliates in connection with the issuance of such Participation Interests.

• Seller has full right, power and authority to sell and assign such Participation Interests and such Participation Interests have not been cancelled, satisfied or rescinded in whole or part nor has any instrument been executed that would effect a cancellation, satisfaction or rescission thereof.

• Seller is not a party to any document, instrument or agreement, and there is no document, that by its terms modifies or affects the rights and obligations of any holder of such Participation Interests and Seller has not consented to any material change or waiver to any term or provision of any such document, instrument or agreement and no such change or waiver exists.

More Definitions of Participation Interests

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, 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.

Participation Interests means undivided pro-rata participation interests in Non-Portfolio Loans.

Participation Interests means Revolving Participation Interests or Credit-Linked Participations, individually or collectively as the context may require.

Participation Interests is defined in SECTION 2.8(b).

Participation Interests means a participation interest purchased by a Revolving Lender in LOC Obligations as provided in Section 2.2(c) and in Swingline Loans as provided in Section 2.3.

Participation Interests means the participation interests held at the date of this Agreement by the Sellers, which together constitute a 70% (seventy per cent) participation interest in the charter capital of the Company;