Purchased Interest. “Purchased Interest” shall have the meaning ascribed to such term in Subsection 9.3(q). 2.74 RTLC-AC. “RTLC-AC” shall have the meaning ascribed to such term in the first Paragraph of this Agreement.
Purchased Interest. From (a) the date of this Agreement to the Control Date, Vendor will use its commercially reasonable efforts so as not to permit Viterra to assign, transfer or convey or Encumber the Purchased Interest and (b) the Control Date to the Closing Date, Vendor will not permit Viterra to assign, transfer or convey or Encumber the Purchased Interest; provided, however, Vendor is entitled to cause Viterra to assign, transfer or convey the Viterra Member Nitrogen Agreement to a direct or indirectly wholly-owned Canadian subsidiary of Viterra (a “Permitted Transferee”) if (and only if) the transfer of the Viterra Member Nitrogen Agreement to Purchaser from the Permitted Transferee under this Agreement is effected by way of an asset transaction. For all purposes under this Agreement (including, without limitation, each of the representations and warranties set forth in Sections 4.1 and 5.1), each reference to Viterra shall be deemed to include a reference to any such Permitted Transferee.
Purchased Interest. The Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased, (1) all recoveries of principal collected after the Cut-off Date, (2) all payments of interest on the Mortgage Loans net of the Interim Servicing Fee during the Interim Servicing Period and any subservicing fee payable pursuant to Section 12(b)(7) of this Agreement, and (3) all rights to service the Mortgage Loan (it being understood that the Purchaser may from time to time at its option retain the Interim Servicer to service the Mortgage Loan as set forth in this Agreement during the Interim Servicing Period as provided herein or as provided pursuant to Section 12(b)(7)). The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application to the reduction of principal of payments of principal received on or before the related Cut-off Date.
Purchased Interest. The Seller is the lawful owner of the Purchased Interests free and clear of any and all liens, encumbrances and charges of any kind. The Purchased Interests constitute 5% of all of the membership interests in the Company. There are no rights, warrants, calls or commitment, preemptive or similar rights or options issued or outstanding with respect to any of the Purchased Interests except as set forth herein or in the Company’s governing documents to which Purchaser is a party.
Purchased Interest. (a) Each Purchaser's ------------------ Undivided Fractional Interest shall represent a fractional undivided beneficial interest in the Purchased Interest, which shall consist of the right to receive, to the extent necessary to make the required payments with respect to the Purchased Interest at the times and in the amounts specified herein, the portion of Collections allocable to Purchasers pursuant to this Agreement. The Transferor shall own the fractional undivided beneficial interest in the remainder of the Transferor Receivables not allocated pursuant to this Agreement to the Purchasers with respect to the Purchased Interest, including the right to receive Transferor Collections and other amounts at the times and in the amounts specified in this Agreement (the "Transferor Interest"), subject to the ------------------- Transferor's obligations hereunder to deposit funds in the Cash Collateral Account; provided, however, that the Transferor shall not have any interest in -------- ------- the funds in any Collection Account, the Agent's Account, the Concentration Account or the Cash Collateral Account except as specifically provided in this Agreement.
Purchased Interest. Both before and after each purchase or reinvestment pursuant to the Agreement, the Purchased Interest will not be greater than 100%.
Purchased Interest. The Seller will not permit the Purchased Interest to exceed 100%.
Purchased Interest. Seller holds of record and owns beneficially the number of Purchased Interests set forth next to its name in Schedule 4.5 of the Disclosure Schedule, free and clear of any restrictions on transfer (other than any restrictions under the Securities Act and state securities laws), Taxes, Liens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. Seller is not a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement) that could require Seller to sell, transfer, or otherwise dispose of any of the Purchased Interest or any Equity Interest of any Subsidiary. Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the Purchased Interest or any Equity Interest of any Subsidiary.
Purchased Interest. The Purchased Interest does not exceed 100% on the date hereof and has not exceeded 100% on any day during the Specified Period.
Purchased Interest. The Assignor is the record and beneficial owner and holder of the Purchased Interest, free and clear of all liens and encumbrances. Other than the Operating Agreement, there are no contracts, whether written or oral, relating to the issuance, sale, or transfer of the Purchased Interest.
