Undivided Interest. The Allottee together with all other Allottees of Units in the Project shall have only proportionate undivided variable and impartible interest and not any individual right in all common areas, amenities and facilities built or provided in the Project.
Undivided Interest. If the interest claimed by Owner in any portion of the Property is less than one hundred percent (100%), the interest claimed by Owner is set forth in Exhibit A. Any representation or warranty of title made by Owner shall apply only to the interest set forth in Exhibit A.
Undivided Interest. Upon the terms and subject to the conditions of this Lease, the Lessor agrees to lease and upon delivery of Lease Supplement No. 1 leases the Undivided Interest to the Lessee, and the Lessee agrees to lease and upon acceptance of Lease Supplement No. 1 leases the Undivided Interest from the Lessor, for the Interim Lease Term, the Basic Lease Term and, subject to the exercise by the Lessee or the Lessor of the renewal option or options as provided in Section 5, the Renewal Term or Renewal Terms.
Undivided Interest. (a) Definition and Computation of Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, as the context may require (i) an undivided ownership interest, in a percentage determined from time to time as provided in clause (ii) below, in (A) all then outstanding Pool Receivables, (B) all Related Security with respect to such Pool Receivables, (C) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security and (D) all books and records (including, without limitation, computer disks) related to the foregoing (collectively, the "Pool"), and (ii) at any time, the quotient, expressed as a percentage, obtained by dividing the Required Allocation for such Undivided Interest by the Net Pool Balance. Each Undivided Interest shall be computed as follows: UI = RA = PI + DF + CR + SFR + DR --- ----------------------- NPB NPB where: UI = the Undivided Interest at any time; RA = the Required Allocations of such Undivided Interest at such time, as determined pursuant to Section 2.02; and NPB = the Net Pool Balance at such time, as determined pursuant to Section 2.04.
Undivided Interest. The undertakings of the Company contained in Sections 502, 503, 504 and 505 are limited to those consistent with the Company's undivided percentage interest in the facilities of which the Project Facilities are a part.
Undivided Interest. 6 SECTION 2.02. Frequency of Computation of Undivided Interest......... 7 SECTION 2.03.
Undivided Interest. For purposes of this Agreement, "Undivided Interest" means, at any time, an undivided percentage ownership interest at such time in (i) all then outstanding Pool Receivables, (ii) all Related Security with respect to such Pool Receivables, (iii) all Collections with respect to, and other proceeds of, such Pool Receivables, (iv) all lock- boxes and accounts to which such Collections are sent or deposited, and all cash and investments from time to time therein, in each case, to the extent of Collections of Pool Receivables therein, (v) all of Seller's rights, interests and claims under the Purchase and Sale Agreement, (vi) all books and records (including computer tapes and disks) to the extent relating to the foregoing and (vii) all proceeds of the foregoing (collectively, the "Pool Assets"). Such undivided percentage interest for any time for such Undivided Interest shall be computed as: RA = PI+DF+SFR+LR+DR = PI+[ED+ROD]+[SF+ROSF]+LR+DR --- --------------- --------------------------- NPB NPB NPB where: ----- RA = Required Allocation of such Undivided Interest = PI + DF + SFR + LR + DR; PI = the Purchasers' Investment as to such Undivided Interest at the time of such computation, as determined per Section 2.03; DF = the Discount Factor of such Undivided Interest at the time of such computation, as determined per Section 2.04; SFR = the Servicer's Fee Reserve of such Undivided Interest at the time of such computation, as determined per Section 2.07; ED = Earned Discount of such Undivided Interest at the time of computation, as determined per Section 2.04; ROD = Run Off Discount of such Undivided Interest at the time of computation, as determined per Section 2.06; SF = Servicer's Fee of such Undivided Interest at the time of computation, as determined per Section 2.07; ROSF = Run Off Servicer's Fee of such Undivided Interest at the time of such computation, as determined per Section 2.07;
Undivided Interest. 5.1 At such time as the Oil Mining Lease relating to OPL 237 is issued by the Government, Owner/Operator shall convey to Liberty a 10% undivided interest in the Oil Mining Lease, but only with respect to the Deep Zones.
Undivided Interest. All legally competent co-owners will be required to sign the mortgage. When one or more of the co-owners are not legally competent (and there is no representa- tive who can legally consent to the mortgage), cannot be located, or the ownership interests are divided among so large a number of co- owners that it is not practical for all of their interests to be mortgaged, their interests not ex- ceeding 50 percent may be excluded from the security requirements. In such cases, the loan may not exceed the value of the property interests owned by the persons executing the mortgage.
Undivided Interest. As a result of the Assignment, Pattern NMW, Red Cloud, and Xxxxxx Corners will each own an undivided interest, as tenants in common, in and to all of the rights, title, interest, obligations and liabilities under IA-PNM-2018-04 in amount equal to one-third (1/3) of the total interest in such rights, title, interest, obligations and liabilities.
