Subordinated Participation Interest definition

Subordinated Participation Interest means a profits interest in the Operating Partnership designated as a Class B Unit in accordance with the terms of the Operating Partnership Agreement.
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Subordinated Participation Interest means an interest in a loan that bears the first risk of loss, including the retention of such an interest when a loan is sold to a pooler certified by the Federal Agricultural Mortgage Corporation pursuant to title VIII of the Act, or an interest in a pool of subordinated participation interests purchased to satisfy the requirements of title VIII of the Act with respect to a loan sold to such a certified pooler.
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Subordinated Participation Interest means an interest in a loan that bears the first risk of loss, including the re- tention of such an interest when a loan is sold to a pooler certified by the Fed- eral Agricultural Mortgage Corpora- tion pursuant to title VIII of the Act, or an interest in a pool of subordinated participation interests purchased to satisfy the requirements of title VIII of the Act with respect to a loan sold to such a certified pooler.(b) Authority to purchase and sell inter- ests in loans. Loans and interests in loans may only be sold in accordance with each institution’s lending au- thorities, as set forth in subpart A of this part. No Farm Credit System in- stitution may purchase from an insti- tution that is not a Farm Credit Sys- tem institution any interest in a loan, except for the purpose of pooling and securitizing such loans under title VIII of the Act, unless such an interest is a participation interest that qualifies under the institution’s lending author- ity, as set forth in subpart A of this part, and meets the requirements of§ 614.4330 of this subpart.
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Examples of Subordinated Participation Interest in a sentence

  • In consideration therefor, the OP agrees to issue to the SLP one Subordinated Participation Interest (as such term is defined in the OP LPA) for each $50,000 in cash or interests in real property of equivalent value that the SLP contributes.

  • In consideration therefor, the OP agrees to issue to the SLP one Subordinated Participation Interest (as such term is defined in the OP LPA) for each $50,000 that the SLP contributes.

  • The Trustee shall possess (for the benefit of the Certificateholders and the payee(s) of the Subordinated Participation Interest and the Advisory Fee) all right, title and interest in all funds on deposit from time to time in the Trust Account and in all proceeds thereof.

  • Gross Receipts of the Acquired Films will be used, among other things, to repay the Lenders under the Credit Agreement and make payments to the holders of Trust Certificates and the payee(s) of the Subordinated Participation Interest and the Advisory Fee.

  • On each Quarterly Payment Date and on the Liquidation Payment Date, AFI shall make all required payments under the Trust Agreement with respect to the Subordinated Participation Interest to the then holder thereof.

  • Payments required to be made to ----------------- Certificateholders and the payee(s) of the Subordinated Participation Interest and the Advisory Fee shall be made by the Trustee, by wire transfer, in immediately available funds, to such accounts as designated by the Certificateholders and the payee(s) of the Subordinated Participation Interest and the Advisory Fee in a writing delivered to the Trustee, at a bank or other entity having appropriate facilities therefor.


More Definitions of Subordinated Participation Interest

Subordinated Participation Interest shall include any such interest as defined in the Advisory Agreement.
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Subordinated Participation Interest means a Partnership Interest issued to the Special Limited Partner in exchange for a Special Limited Partner Capital Contribution.
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Subordinated Participation Interest means the right of API to receive (i) on each Quarterly Payment Date (other than a Liquidation Payment Date) occurring on and after the Credit Release Date, all Aggregate Quarterly Gross Receipts remaining after payment of (a) all Obligations (in the case of any Quarterly Payment Date which occurs on the Credit Release Date), (b) Trustee Expenses, (c) the Quarterly Payment Amount payable to the Certificateholders on such Quarterly Payment Date, and (d) the Distribution Fee payable to the Distributor on such Quarterly Payment Date, and (ii) on the Liquidation Payment Date, subject to the prior payment in full of the unpaid amount of Sponsor Group Obligations and all amounts owing to Other Sponsor Group Creditors, all Net Liquidation Film Proceeds remaining after payment of (a) all Obligations, (b) Trustee Expenses, (c) the Applicable Liquidation Preference, (d) any accrued but unpaid Distribution Fees payable to the Distributor and (e) any unpaid Sponsor Group Obligations and amounts owing to Other Sponsor Creditors.
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Subordinated Participation Interest has the meaning given such term in ----------------------------------- Section 1 of the Master Film Purchase Agreement.
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Related to Subordinated Participation Interest

  • Participation Interest means the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.2 and in Swingline Loans as provided in Section 2.3.

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

  • Subordinated Percentage As to any Distribution Date, 100% minus the Senior Percentage for such Distribution Date.

  • 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);

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

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

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

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

  • Subordinate Percentage As of any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100% minus the related Senior Percentage as of such Distribution Date.

  • Original Subordinated Percentage The Subordinated Percentage as of the Cut-Off Date, as set forth in Section 11.07.

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

  • Subordinate Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • Aggregate Subordinated Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Subordinated Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to that prior Due Date).

  • 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.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • Swing Line Participation Amount as defined in Section 2.7.

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

  • L/C Participation Fee shall have the meaning assigned to such term in Section 2.05(c).

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Participation Facility means any facility in which the applicable party (or a Subsidiary of it) participates in the management (including all property held as trustee or in any other fiduciary capacity) and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this 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 Advance shall have the meaning set forth in Section 2.12(d).

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

  • Revolving Percentage as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments (or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding).