Selling Institution. The entity obligated to make payments to the Issuer under the terms of a Participation Interest.
Selling Institution means an entity obligated to make payments to the Borrower under the terms of a Participation Interest.
Selling Institution means an institution which satisfies the applicable Rating Requirement from whom a Participation is granted.
Examples of Selling Institution in a sentence
The Collateral Manager shall direct, or shall cause the Borrower or the Transferor to direct, any agent or administrative agent for each Loan Asset to remit all payments and collections with respect to such Loan Asset, and, if applicable, to direct the Obligor or Selling Institution, as applicable, with respect to such Loan Asset to remit all such payments and collections with respect to such Loan Asset directly to the Collection Account.
More Definitions of Selling Institution
Selling Institution means in respect of any Loan Asset which constitutes a participation interest, the Person which has granted or sold to the Borrower a participation interest in the loan or other extension of credit which is the subject of such Loan Asset.
Selling Institution means an institution from which a Participation is acquired.
Selling Institution has the meaning given to such term in the Reference Obligation Indenture.
Selling Institution means (other than in the case of an Assigned Participation Interest) an entity (including, but not limited to, the Transferor), which entity is obligated to make payments to the Borrower under the terms of a Participation Interest and which entity has a long-term debt rating of at least “A” (or the equivalent).
Selling Institution means the entity obligated to make payments to the Issuer under the terms of a Participation Interest.
Selling Institution. An institution from which the Originator acquires a Participation which it sells to the Seller or from which the Seller acquires a Participation, as applicable.
Selling Institution. An institution from which the Borrower acquires a Participation.