Participation Share definition

Participation Share. Pro Rata Share," "pro rata," and "ratably" shall mean a share in the same proportion as the respective percentage ownership interests of Transferor and Transferee in the Loans.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Participation Share means the MPF Provider’s pro rata participation interest in the Program Loans the Boston Bank funds or purchases under the MPF Program (which is in addition to any participation interest granted to the MPF Provider pursuant to the Liquidity Option MPF Participation Agreement).

Participation Share shalt have the meaning set forth in Section 2.1 hereof.

Examples of Participation Share in a sentence

For this purpose, servicing shall include all communications with any of the Borrowers and third parties, making of all advances and issuing of letters of credit provided for under the Loan Documents (subject to receipt from Transferee of its Participation Share of each such advance), receipt of all collections under the Loans and remittance of the same to the party entitled thereto, inspections of the Collateral, and all other acts incidental thereto.
Auditing Committee representative shall be entitled to vote on all matters except those actions or determinations which relate solely to a Unit or common property in which such Participant does not have a Participation Share except that if a Participant’s right to vote has been suspended pursuant to Section 35.4.1, the requisite majority for actions or determinations specified in Section 18.4.1 shall be adjusted in proportion to the number of Participants whose right to vote has not been suspended.
Nothing contained in this Agreement shall limit the right of the MPF Provider to transfer participation interests in its Participation Share in Program Loans that were funded or purchased under PFI Agreements with the Boston Bank.
The MPF Provider shall be able to rely on the written direction of the MPF Bank delivered in accordance with the FHLB Guide to confirm to any Participant participating in Program Loans acquired by the MPF Bank that such Participant is vested in its Participation Share in each such Program Loan upon its acquisition by the MPF Bank, without the need for further documentation, upon the deposit of funds equal to the Participant’s Participation Share to the MPF Bank’s Clearing Account.
The purchase price for a particular Participation Interest transferred shall be Transferee's Participation Share of Transferor's carrying value for the Loan, which is the outstanding principal balance of the Loan and interest earned thereon but not collected, net of unearned income, if any, less an allowance for loan losses.

More Definitions of Participation Share

Participation Share shall have the meaning given such term in the ------------------- Participation Agreement.

Participation Share means, with respect to a Payment Amount on any given Settlement Date, the portion thereof that, pursuant to one or more participation agreements entered into by the Purchaser, is payable by such Participants.

Participation Share means, with respect to Participant, Participant’s Share and, with respect to the Company, the Company’s Share.

Participation Share shall have the same meaning as set forth in Section 2(a).

Participation Share means a Participant’s pro rata participation interest in the Program Loans the Pittsburgh Bank funds or purchases under the MPF Program.

Participation Share. Each Participant's and Unit Participant's percentage ownership in the San ▇▇▇▇ Project as set forth in Section 6 of the Co-Tenancy Agreement. 3.0 New Section 7.3.2. A new Section 7.3.2 shall be added to Section 7, after Section 7.3.1, to read in its entirety as follows:

Participation Share. Means a Participant's percentage interest in a particular Plan Pool, which shall be designated by the Plan Administrator in the Plan Designation Report in accordance with the provisions of Section 3.1.