Participation Proportion definition

Participation Proportion means, at any time, the proportion which your Loan Participation Purchase Price bears to the Loan Commitment, expressed as a percentage.
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Participation Proportion means, in relation to a Lender and a Facility, the proportion in which that Xxxxxx has agreed to participate in that Facility pursuant to Clause 3.1 (Basis of Participation) and subject to Clause 3.6 (the WCP Facilities);
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Participation Proportion means, in relation to the Existing Participation of any Hotel Lender,
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Examples of Participation Proportion in a sentence

  • Each of the Banks agrees to participate in Advances made pursuant to the Term Loan Facilities in each case in its Participation Proportion for that Facility, up to an aggregate maximum principal amount not exceeding its Commitment in respect of that Facility.

  • Each Lender shall, in accordance with its Participation Proportion, within [10] Business Days upon the Agent’s request, indemnify the Agent all reasonable costs, fees, losses, expenses (including legal fees) and liabilities (other than the liabilities resulted from the Agent’s negligence or fault)incurred in respect of the Agent's performance of its function in accordance with the Finance Documents (unless the Agent has been indemnified by the Borrower as specified in the Finance Documents).

  • Each Lender shall remit its proportional amount in a Loan to be disbursed in accordance with its Participation Proportion.


More Definitions of Participation Proportion

Participation Proportion means, in relation to a Bank, at any time, in respect of any Facility, the proportion which that Bank's Commitment in respect of that Facility bears to the aggregate amount of all the Commitments in respect of that Facility at that time;
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Participation Proportion means the proportion in which a Lender has agreed to participate in the Facility pursuant to Clause 3.1 (Basis of Participation);
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Participation Proportion means, in relation to the Existing Participation of any Project Lender, X where: X is the sum of USD143,500,000 and the US dollar equivalent, as at the Effective Date, of HKD2,451,150,000 Y is the US dollar equivalent, as at the Effective Date, of the sum of the principal amounts outstanding under the Hotel Facility Agreement, the Project Facility Agreement and the Additional Lender Facility Agreement immediately prior to the Effective Date,
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Participation Proportion means, in relation to a Mezzanine Lender and the Facility, the proportion in which that Mezzanine Lender has agreed to participate in the Facility pursuant to Clause 3.1;
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Participation Proportion means, with respect to each Lender, the ratio of that Xxxxxx's then-current Commitment to the then Total Commitment. Commitment means: 1. in relation to an Original Lender, its Initial Commitment minus the amount of its participation in any outstanding Loans minus its share of Commitments that canceled or transferred under this Contract; or 2. in relation to any Transferee, the Commitment transferred to it pursuant to Article 18 (transfer) minus the amount of its participation in any outstanding Loans, minus its share of Commitments that canceled or transferred under this Contract. Initial Commitments means the initial commitment amount of each Original Lender as indicated in the Article 2 (Facility) of this Contract and Annex 1 of this Contract (Lenders' Initial Commitment).
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Related to Participation Proportion

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

  • 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.

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Index and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 9 March 2018 is 200% (in any case, it will not be below 170%).

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • 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).

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

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

  • Participation Facility means any facility or property in which the Party in question or any of its Subsidiaries participates in the management and, where required by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or property.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

  • 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.

  • Proportionate Percentage means the percentage that expresses the ratio of (x) the number of issued and outstanding shares of capital stock of the Company (on an as converted basis) then owned of record by such stockholder over (y) the aggregate number of outstanding shares of capital stock of the Company (on an as converted basis).

  • 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.

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

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Notice has the meaning set forth in Section 4.2;

  • 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.

  • Pro Rata Share As to any Distribution Date, the Subordinated Principal Distribution Amount and any Class of Subordinated Certificates, the portion of the Subordinated Principal Distribution Amount allocable to such Class, equal to the product of the Subordinated Principal Distribution Amount on such Distribution Date and a fraction, the numerator of which is the related Class Certificate Balance thereof and the denominator of which is the aggregate of the Class Certificate Balances of the Subordinated Certificates.

  • Allocable Percentage means, on any date of determination thereof, a fraction the denominator of which shall be equal to the number of Borrowers who are parties to this Agreement on such date and the numerator of which shall be 1; provided, however, that such percentages shall be modified in the event that contribution from a Borrower is not possible by reason of insolvency, bankruptcy or otherwise by reducing such Borrower’s Allocable Percentage equitably and by adjusting the Allocable Percentage of the other Borrowers proportionately so that the Allocable Percentages of all Borrowers at all times equals 100%.

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

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).