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Risk Participation Agreement definition

Risk Participation Agreement has the meaning assigned to that term in subsection 2.1(F).
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Risk Participation Agreement means that certain Risk Participation Agreement dated as of the First Amendment Effective Date between National City Bank and Risk Participant, as amended, restated, supplemented or otherwise modified from time to time.
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Risk Participation Agreement. Risk Participant" and "Subject Swap Confirmation" in alphabetical order to read in their entirety as follows:
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Examples of Risk Participation Agreement in a sentence

  • Borrower hereby authorizes and directs Agent, at Agent's option, to make a Revolving Loan in the amount of any payment made by Agent with respect to any Lender Letter of Credit or any Risk Participation Agreement.

  • All amounts paid by Agent with respect to any Lender Letter of Credit or Risk Participation Agreement that are not immediately repaid by Borrower with the proceeds of a Revolving Loan or otherwise shall bear interest at the interest rate applicable to Revolving Loans calculated using the Base Rate.

  • Each Risk Participation Agreement shall provide that all demands or claims for payment with respect to each Underlying L/C must be presented by a date certain, which date will be at least thirty (30) days before the Termination Date.

  • Each Risk Participation Agreement shall provide for automatic daily reporting of the outstanding Underlying L/C's and any amounts drawn thereunder.

  • Upon prepayment in full of the Term Loans and termination of the Revolving Loan Commitment, Borrower shall cause Agent and each Lender to be released from all liability under all Lender Letters of Credit and Risk Participation Agreements or, at Agent's option, Borrower will deposit cash collateral with Agent in an amount equal to the Risk Participation Liability with respect to each Lender Letter of Credit and each Risk Participation Agreement that will remain outstanding after prepayment in full.

  • In the event any Lender fails to make available to Agent the amount of such Lender's participation in such Lender Letter of Credit or Risk Participation Agreement as provided in this subsection 2.1(E)(2), Agent shall be entitled to recover such amount on demand from such Lender, together with interest at the Prime Rate.

  • Borrower shall be irrevocably and unconditionally obligated forthwith without presentment, demand, protest or other formalities of any kind, to reimburse Agent for any amounts paid by Agent with respect to a Lender Letter of Credit or a Risk Participation Agreement issued for the account of Borrower, including all fees, costs and expenses paid by Agent to any bank that issues letters of credit.

  • Borrower shall also reimburse Agent for any and all fees and expenses paid by Agent to the issuer of any letter of credit that is supported by a Risk Participation Agreement.

  • All amounts paid by Agent or any Lender with respect to any Lender Letter of Credit or Risk Participation Agreement that are not immediately repaid by Borrower with the proceeds of a Revolving Loan or otherwise shall bear interest at the Default Rate applicable to Revolving Loans.

  • In furtherance and extension of and not in limitation of, the specific provisions hereinabove set forth, any action taken or omitted by Agent or any Lender under or in connection with any Lender Letter of Credit or Risk Participation Agreement, if taken or omitted in good faith, shall not put Agent or any Lender under any resulting liability to Borrower.


More Definitions of Risk Participation Agreement

Risk Participation Agreement means that Certain Risk Participation Agreement dated as of the Closing Date by and between National Westminster Bank PLC and SunTrust whereby SunTrust agreed to accept a participation in that certain facility agreement dated as of March 15, 2000, by and between the Sterling Borrower and National Westminster Bank PLC.
Sample 1
Risk Participation Agreement a risk participation agreement in form and substance satisfactory to an L/C Arranger confirming payment by such L/C Arranger to an issuer of a Tranche A Letter of Credit, other than such L/C Arranger, of amounts drawn on any Tranche A Letter of Credit issued by such issuer.
Sample 1
Risk Participation Agreement means that certain Risk Participation Agreement dated as of May 3, 2004 between National City Bank and General Electric Capital Corporation, as amended, restated, supplemented or otherwise modified from time to time.
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Related to Risk Participation Agreement

  • Participation Agreements as defined in this Trust Supplement are the "Note Purchase Agreements" referred to in the Basic Agreement.

  • Applicable Participation Agreement Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Participation Agreement has the meaning set forth under the definition of “Agreement”.

  • Risk Participation Liability means, as to each Letter of Credit, all reimbursement obligations of Borrowers to the Issuing Lender with respect to an L/C Undertaking, consisting of (a) the amount available to be drawn or which may become available to be drawn, (b) all amounts that have been paid by the Issuing Lender to the Underlying Issuer to the extent not reimbursed by Borrowers, whether by the making of an Advance or otherwise, and (c) all accrued and unpaid interest, fees, and expenses payable with respect thereto.

  • 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);

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

  • Swing Line Loan Participation Certificate a certificate substantially in the form of Exhibit H.

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

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

  • 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:

  • Co-Lender Agreement With respect to any Loan Combination, the co-lender agreement, intercreditor agreement, agreement among noteholders or similar agreement, dated as of the date set forth in the Loan Combination Table under the column heading “Date of Co-Lender Agreement” and governing the relative rights of the holders of the related Mortgage Loan and Companion Loan(s), as the same may be amended, restated or otherwise modified from time to time in accordance with the terms thereof. A Co-Lender Agreement exists with respect to each Loan Combination as of the Closing Date.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Extension Agreement means an Extension Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among Xxxxx 0, the Borrower, the Administrative Agent and one or more Extending Lenders, effecting one or more Extension Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.14.

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the date hereof, relating to the sale and contribution by Credit Acceptance to the Seller of the Conveyed Property, as defined therein.

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

  • Formation Agreement has the meaning attributed to it in Recital A;

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

  • Novation Agreement means a legal instrument—

  • Specific contract participation goals means the goals as stipulated in the Preferential Procurement Regulations, 2001. In addition to above-mentioned goals, the Regulations [12. (1)] also make provision for organs of State to give particular consideration to procuring locally manufactured products.

  • Liquidity Agreement means any agreement entered into in connection with this Agreement pursuant to which a Liquidity Provider agrees to make purchases or advances to, or purchase assets from, any Conduit Purchaser in order to provide liquidity for such Conduit Purchaser’s Purchases.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

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

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).

Most Referenced Clauses

Most Referenced Definitions