Additional Ownership Interest definition

Additional Ownership Interest means, in respect of a Series, an additional undivided co-ownership interest in the Account Assets transferred to the related Co-Owner.
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Additional Ownership Interest means, with respect to a Series, and within a Series with respect to a Class, an undivided ownership interest in the Account Assets Transferred by the Seller pursuant to Section 3.03 after the Closing Date having the same terms and attributes as the Ownership Interest of such Series or Class;
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Additional Ownership Interest means an undivided co-ownership interest in Account Assets acquired in respect of a Series after the initial Closing Date applicable to such Series and having the same attributes thereof,in accordance with the Pooling and Servicing Agreement and in the circumstances described under “The Custodial, Co-Ownership and Servicing Arrangement – Additional Ownership Interests of Other Series”;
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Examples of Additional Ownership Interest in a sentence

  • Upon execution and delivery of such amendment to the Series Purchase Agreement by each Co-Owner of the Series or the Agent for the Series on their behalf, the Custodian and the Seller, the Additional Ownership Interest shall automatically and without further action be Transferred to the Co-Owners of the relevant Series, whereupon the Unadjusted Invested Amount of the Series shall be increased by the stated dollar amount of such Additional Ownership Interest.

  • Upon execution and delivery of such amendment by the Seller, the Co-Owners or Agent, the related Credit Enhancement Provider, if applicable, and the Custodian, the Additional Ownership Interest shall be Transferred to the Co-Owners of the relevant Series, their Agent, if applicable, and the related Credit Enhancement Provider, if applicable, for all purposes hereunder and the Invested Amount shall be adjusted accordingly.

  • Each Ownership Interest and any Additional Ownership Interest shall be a serviced interest, meaning that neither the Custodian nor any Co-Owner shall have any obligation to collect the Receivables or to pay compensation to the Servicer for its services or any other amount relating to the servicing of the Receivables which may be contemplated to be paid to the Seller pursuant to a Series Purchase Agreement except as provided for in Section 5.05(b).

  • Also provide documentation of applicant’s ownership interest, if other than fee simple.• Additional Ownership Interest (mortgages, liens, ownership, etc.) – For Development/ Construction projects, all parties with an ownership interest in the property will be required to sign project documents and all lien holders must subordinate their interests to those of the State.

  • The Seller and the Series 1997-1 Co-Owner acknowledge and agree that the payment of the purchase price in respect of the Additional Ownership Interest by the Series 1997-1 Co- Owner to the Seller shall constitute full consideration for the creation and Transfer of the Additional Ownership Interest from the Seller to the Series 1997-1 Co-Owner.

  • Specifically, the novation of the agreement relates to the terms and conditions regarding the "Additional Ownership Interest", whereby La Sexta shareholders were granted the right to receive an additional ownership interest of 7% of the share capital of Atresmedia Corporación de Medios de Comunicación, S.A., conditional upon the Atresmedia Group's earnings performance from 2012 to 2016, inclusive.

  • No indicators of impairment or reversals of impairment were identified at December 31, 2023.​Oil SandsAcquisition of Additional Ownership Interest in Fort Hills:​On February 2, 2023, Suncor completed the acquisition of an additional 14.65% working interest in Fort Hills from Teck Resources Limited (Teck) for $712 million, bringing the company’s working interest in Fort Hills to 68.76%.​The acquisition has been accounted for as a business combination using the acquisition method.

  • Upon the Transfer of an Additional Ownership Interest in relation to the Series 2023-2 Ownership Interest, the Unadjusted Invested Amount of the Series 2023-2 Ownership Interest will be increased by the stated dollar amount of the Additional Ownership Interest.

  • We hereby give notice of our request for the Trust to purchase on a fully serviced basis an Additional Ownership Interest in an amount equal to $● (which amount shall be the purchase price of the Additional Ownership Interest for the purposes of Section 3.3(4) of the Pooling and Servicing Agreement) on ●, 20●.

  • The Additional Ownership Interest shall have the same Principal Terms as the Series 1997-1 Ownership Interest.


More Definitions of Additional Ownership Interest

Additional Ownership Interest means an undivided ownership interest in the Receivables Pool acquired by the Purchaser pursuant to Section .
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Related to Additional Ownership Interest

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.