Replacement Participant definition

Replacement Participant is defined in Section 11.1(b) of the Participation Agreement.
Replacement Participant is defined in Section 3.6(c) of the Participation Agreement.
Replacement Participant shall have the meaning set forth in Section 15.1(b) of the Participation Agreement.

Examples of Replacement Participant in a sentence

  • Any Replacement Participant shall not be responsible for, and such Replacement Participant’s interest in the Loan shall not be subject to, any liabilities of the Defaulting Participant to Borrowers accruing prior to the date of the transfer of the participation interest.

  • Any Replacement Participant shall not be responsible for, and such Replacement Participant’s interest in the Loan shall not be subject to, any liabilities of the Defaulting Participant to Borrower accruing prior to the date of the transfer of the participation interest.

  • A Non-Consenting Participant's rights under the indemnification provisions of the Operative Documents shall survive any sale of its Notes and/or Certificates to a Replacement Participant.

  • In the event Borrowers or Lender, as applicable, obtain a Replacement Participant, the Borrowers shall look to the Replacement Participant rather than the Defaulting Participant for the funding of future Advances in an amount equal to the Defaulting Participant’s share of each Advance set forth in the Participation Notice.

  • A Non-Consenting Participant's rights under the indemnification provisions of the Operative Documents shall survive any sale of its Loans and Certificate Amounts to a Replacement Participant.

  • Any Unqualified Participant agrees to cooperate with Lessee, the remaining Participants and the Replacement Participant in connection LSI Trust No. 2001-A Participation Agreement with the transfer of such Unqualified Participant's interest as set forth herein.

  • The Replacement Participant assumes the full contractual legal status without any modification to the substance or legal identity of the existing Agreement.

  • When a Participant is replaced, the Replacement Participant succeeds the Participant who has withdrawn from the Agreement and upholds the contractual relationship with INFORUM.

  • Lessee shall make such election by written notice delivered to Agent not later than the end of such five (5) Business Day period, which notice shall identify the Replacement Participant.

  • If Lessee fails (for any reason, including a default by the Replacement Participant) to cause the Replacement Participant to pay any such amounts when due pursuant to the preceding sentence, the Lease shall not be renewed for the Renewal Term, Lessee shall not be entitled to the Renewal Term, and such date of expiration of the Basic Term shall be deemed the Final Maturity Date with respect to all Participants.


More Definitions of Replacement Participant

Replacement Participant has the meaning set forth in Section 2.11(a) of the ----------------------- --------------- Participation Agreement.
Replacement Participant is defined in Section 11.2(b) of the Participation Agreement.
Replacement Participant means Persons who become Participants pursuant to the terms of Section 12.4 of the Participation Agreement.
Replacement Participant shall have the meaning provided at Section 2.14(b) of the Participation Agreement.
Replacement Participant is defined in Section 3.5. -----------
Replacement Participant shall have the meaning provided in Section 2.16(b) of the Participation Agreement. “Replacement Rate” shall have the meaning provided in Section 2.9(b) of the Participation Agreement. “Reportable Compliance Event” means that any Relevant Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law. “Representatives” shall have the meaning provided in Section 9.18 of the Participation Agreement. “Required Participants” shall mean, as of the date of determination, Participants with outstanding Rent Assignment Advances, Lessor Retained Interests and Lessor Investment (directly

Related to Replacement Participant

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Participant has the meaning specified in Section 10.06(d).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Other Participant means a cooperative project participant other than the United States.

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

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Key participant means a sole proprietor, a partner in partnership, or a person with executive managerial control in a corporation. A person with executive managerial control includes persons such as a chief executive officer, chief operating officer and chief financial officer. This definition does not include non-executive managers such as farm, field, or shift managers.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Requesting Participant means a Participant initiating an RFQ.

  • Study Participant means a person recruited to participate in the Study.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).