Total Participations definition

Total Participations. (a) initially, the aggregate amount of all Participations of all Lenders, and (b) from and after the first Conversion to Approving Lenders Date, the aggregate amount of all Participations of all Approving Lenders as of the date of determination, in each case, as such Participation may be reduced or increased from time to time pursuant to the terms hereof.
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Total Participations means the aggregate for the time being of all the Participations of all Participants.
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Total Participations means the aggregate of the Participations, being EUR 110,000,000 (in words: one hundred and ten million Euros) at the Effective Date; and
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Examples of Total Participations in a sentence

  • To the extent the Borrower is unable to replace any Defaulting Lender with a replacement financial institution, the Borrower may, to the extent that the reduction in the Total Participations provided for in this sentence does not cause the Adjusted Total Participations to fall below the outstanding Loans, remove such Defaulting Lender by repaying such Defaulting Lender’s outstanding Loans and reducing the Total Participations by an amount equal to such Defaulting Lender’s Participation.

  • The Borrower shall have the right, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the Participations or, from time to time, to reduce the amount of the Participations; provided that no such termination or reduction of Participations shall be permitted if, after giving effect thereto and to any prepayments of the Loans made on the effective date thereof, the Total Loans would exceed the Adjusted Total Participations, respectively.

  • In no event shall the Participation of any Lender be increased by reason of any bank or financial institution becoming an Additional Lender, or otherwise, but the Total Participations hereunder shall be increased by the amount of each Additional Lender’s Participation.

  • Subject to the terms and conditions hereof, each Approving Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Funding Request Period in an aggregate principal amount at any one time outstanding which does not exceed such Approving Lender’s Participation at such time; provided, that, after giving effect to any borrowing of Loans requested, the Total Loans shall not exceed the Adjusted Total Participations then in effect.

  • The Lenders are hereby deemed to have made a loan to the Company in an aggregate amount equal to the Total Participations on and subject to the terms and conditions contained in this Agreement.


More Definitions of Total Participations

Total Participations means the aggregate of the Participations, being US$ 1,800,000,000 (in words: one billion eight hundred million) at the date of this Deed.
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Related to Total Participations

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

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • 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:

  • 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.

  • Participations shall have the meaning set forth in Section 13.1 hereof.

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

  • Participation Percentages means the 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 percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, 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 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.

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • 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).

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

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • 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);

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • 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 Amount as defined in Section 3.4(b).

  • Participation means an interest in a Loan that is acquired indirectly by way of a participation from a selling institution.

  • Participation Quota means in relation to a Section, the decimal fraction allocated thereto in the Sectional Plan and which is calculated in terms of Section 32(1) of the Act.

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

  • 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.

  • 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).

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

  • LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

  • 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.