Participation Deed definition

Participation Deed means the agreements so called entered into by Local Authorities on admission to membership of the Fund;
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Participation Deed means the deed of adherence provided in Schedule [V] of this Agreement which shall be executed by those ULBs, apart from MC 1 ad MC 2, which may be permitted to participate in the Project by the State Govt. in the future.
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Participation Deed means the deed of adherence provided in Schedule [●] of the PIA which shall be executed by those ULBs, apart from MC1 and MC2, which may be permitted to participate in the Project by the State Govt in the future.
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Examples of Participation Deed in a sentence

  • In executing a Participation Deed the Local Authority shall agree to be bound by the terms of this Trust Deed.

  • Commits any breach of the provisions of this Trust Deed or its Participation Deed which in the opinion of the Trustees warrants the termination or suspension of membership.

  • In consideration of the Member agreeing to be bound by the terms of the Trust Deed, and of this Participation Deed, the Member is hereby admitted as a Member of the Fund.

  • Unless the context otherwise requires the same interpretations shall be placed on words and phrases used in this Participation Deed as contained in the Trust Deed.

  • Cancel any Participation Deed and in substitution, enter into a new Participation Deed with a Member.

  • Payment of the Annual Contributions shall be effected by the Members in accordance with any provisions of the Participation Deed for payment, or in the absence of any such provisions as from time to time determined by the Trustees.

  • Nothing in this Participation Deed shall be taken to excuse the failure of the Member to perform any and each of its obligations as a Member of the Fund, nor the commission of any act in breach of its obligations as a Member of the Fund, as set out in the Trust Deed.

  • A Local Authority shall not be admitted to membership without first entering into a Participation Deed with the Fund in the form and on the terms acceptable to the Trustees.

  • The BGCF Participation Deed requires that the Issuer and BGCF use commercially reasonable efforts to elevate the applicable Participation by transferring to the Issuer the legal and beneficial interest in such Issue Date BGCF Asset as soon as reasonably practicable.

  • In respect of the Issue Date BGCF Assets (as described in “Purchases of Collateral Obligations from BGCF” above), all or a portion of such Issue Date BGCF Assets will be settled pursuant to the BGCF Participation Deed entered into between BGCF and the Issuer.


More Definitions of Participation Deed

Participation Deed means a deed between the Trustees and an Employer which sets out the terms of that Employer's participation in the Scheme for that Section;
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Participation Deed means any agreement between the Issuer and a BX CLO in relation to participations between the parties.
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Related to Participation Deed

  • 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:

  • 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.

  • Participation Notice has the meaning set forth in Section 4.2;

  • Participation Agreement means a written agreement entered into between a Participant and the Employer pursuant to the provisions of Section 4.1

  • 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 Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • 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.

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

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

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

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

  • 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.