The Ownership Interest Sample Clauses
The Ownership Interest clause defines the rights and entitlements a party holds in a particular asset, property, or entity. It typically specifies the extent, nature, and limitations of the ownership, such as whether the interest is full, partial, or subject to certain conditions or restrictions. For example, it may clarify if a party owns a percentage of a company or has a stake in intellectual property created during a project. This clause is essential for establishing clear boundaries of ownership, preventing disputes, and ensuring all parties understand their respective rights and obligations regarding the asset in question.
The Ownership Interest. The Ownership Interest (as defined below) shall be uncertificated and shall represent the entire undivided beneficial ownership interest in the Owner Trust Estate, subject to the debt represented by the Notes (the "Ownership Interest"). The Ownership Interest may be assigned by the Transferor as provided in Section 3.13. Upon the completion of a transfer in accordance with the terms and conditions of this Article III, a transferee of the Ownership Interest shall become the Transferor, and shall be entitled to the rights and subject to the obligations of the Transferor hereunder, upon such transferee's acceptance of the Ownership Interest duly registered in such transferee's name pursuant to Section 3.4 below.
The Ownership Interest. In the event a preferential right to purchase is exercised with regard to any part of the Assets, the definition of "Assets" herein shall be amended to exclude such properties for which the preferential right has been exercised.
The Ownership Interest. The Ownership Interest (as defined below) shall be uncertificated, shall be reflected solely in the Register and shall represent the entire beneficial interest in the Trust Estate (the “Ownership Interest”). The Ownership Interest or any Percentage Interest thereof may be freely assigned by its Owner subject to the limitations set forth in Sections