We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Required Interest Sample Clauses

Required Interest. Except as otherwise expressly provided for in this Agreement, all matters to be voted on pursuant to this Agreement shall require the vote of Unitholders holding the Required Interest, which vote shall only be valid and binding if a notice of the meeting at which such vote is taken is given in accordance with Section 3.2(e).
Sample 1Sample 2Sample 3See All (10)
Required Interest. Required Interest means the vote or consent of greater than fifty percent (>50%) of the Class B Units, Class A Units or Managers, as applicable.
Sample 1Sample 2Sample 3See All (9)
Required Interest. REQUIRED INTEREST" shall mean the stockholders of the Company, including FSEP IV, who, at any given time, own of record and beneficially more than 50% of the then issued and outstanding Shares; provided, that FSEP IV shall no longer be included within the "Required Interest" once FSEP IV's percentage ownership in the Company (calculated on the fully diluted basis) drops below 20%.
Sample 1Sample 2
Required Interest. Investing Members owning in the aggregate, more than a seventy-five percent (75%)
Sample 1
Required Interest. Required principal . Deposits for taxes and insurances . All other fees, charges or penalties Payment will be applied within 24 hours of receipt. Same day processing for payments received prior to 3:30 P.M. (EST) unless specified by New Century through processing stops placed on MSP Servicing System. . Payments received on Comerica Business Days which fall on the 16th and last day of the month will be processed until 9:00 P.M. (EST). . Reversal of payments due to insufficient funds. Reversals will be completed within 24 hours of notice. Same day reversal for notice received prior to 3:00 P.M. (EST). Notification to New Century by next business day. Investor Reporting ------------------ . Monthly remittances to New Century within eighteen (18) calendar days following the last business day of each month. Remittances shall be payable by wire and shall be net of Comerica's compensation, outstanding advances and reimbursements. . Monthly reports will be provided to New Century, along with Investor, through the Alltel Servicing System. Contracts identified as Actual/Actual and New Century's Warehouse 1 of 4 Investor (Inv. 555) will generate hard copy reports using the Actual/Actual remittance logic with the following reports included:
Sample 1

Related to Required Interest

  • Imputed Interest The principles of Sections 1272, 1274, or 483 of the Code, as applicable, and the principles of any similar provision of U.S. state and local law, will apply to cause a portion of any Net Tax Benefit payable by the Corporation to a Member under this Agreement to be treated as imputed interest (“Imputed Interest”). For the avoidance of doubt, the deduction for the amount of Imputed Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be excluded in determining the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Fractional Interest The Company shall not be required to issue fractions of Warrant Shares upon the exercise of this Warrant. If any fractional share of Common Stock would, except for the provisions of the first sentence of this Section 9, be deliverable upon such exercise, the Company, in lieu of delivering such fractional share, shall pay to the exercising Warrantholder an amount in cash equal to the Market Price of such fractional share of Common Stock on the date of exercise.

  • Fractional Interests In computing adjustments under this Section 4, fractional interests in Common Stock shall be taken into account to the nearest one one-hundredth (1/100th) of a share.

  • Beneficial Interest The interest of the beneficiaries hereunder shall be divided into an unlimited number of transferable shares of beneficial interest, par value $.001 per share. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and, except as provided in the last sentence of Section 3.8, nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.

  • Elimination of Fractional Interests The Company shall not be required to issue certificates representing fractions of Shares upon the exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may be, to the nearest whole number of Shares or other securities, properties or rights.

Most Referenced Clauses

Most Referenced Definitions