Allocated Interest definition

Allocated Interest with respect to any Construction Period Property shall mean as of any Scheduled Interest Payment Date, the amount of interest due and payable on such date with respect to a portion of the Loans (which portion shall be designated by the Borrower by written notice (an "Allocation Notice") to the Administrative Agent) having an aggregate principal amount equal to the Loan Property Cost of such Property as of such date.

Allocated Interest means the interest of that Owner (expressed as a percentage in Exhibit A to this Declaration) in the Common Expense liability and for the purposes of voting in the Association.

Allocated Interest means the Common Expense Liability and votes in the Association allocated to a Unit.

Examples of Allocated Interest in a sentence

• In any case where a Bona Fide Offer has been made in respect of an Offered Interest in conjunction with other property, the price in respect of the Offered Interest shall be the Allocated Interest Offer Price.

• The Claims Administrator will then calculate the Net Investment of each Fund Distribution Claimant in each Eligible Hedge Fund and then apply such Net Investment to determine the pro rata share of each Fund Distribution Claimant in each such Eligible Hedge Fund’s Allocated Interest in the FDA.

• Without limiting the generality of the foregoing, the Successor hereby assumes and agrees punctually to pay, perform and discharge when due all of the Advances constituting a part of the Allocated Interest and the related obligations under the Loan Documents and each agreement made or to be performed by the Borrower under the Loan Documents.

• The Claims Administrator will determine the Eligible Hedge Fund Allocated Interest for each Eligible Hedge Fund by adding together any SIPC Claim, Virtual SIPC Claim and Cross Investments, and, for XL only, the XL Priority Allocation that is related to each Eligible Hedge Fund.

• If a Unit is taken by eminent domain, or sold under threat thereof, or if part of a Unit is taken by eminent domain, or sold under threat thereof, leaving the Owner with a remnant that may not be practically or lawfully used for any purpose permitted by this Declaration, the award must compensate the Owner for the Owner’s Unit and Allocated Interest in the Common Area, regardless of whether any Common Area is taken.

More Definitions of Allocated Interest

Allocated Interest means, with respect to a Party, a percentage equal to the amount of the Beltway Project’s, in the case of CBE, or the I-95 Project’s, in the case of 95 Express, use of the Shared Facilities and Shared Services, as a percentage of the total use of the Shared Facilities and Shared Services. Each Party’s Allocated Interest in the Shared Facilities and Shared Services is set forth on Exhibit A, but such Allocated Interests may be modified pursuant to Section 4.1.4.

Allocated Interest shall have the meaning specified in Section 1.1 of the Credit Agreement.

Allocated Interest means the undivided interest in the Common Elements, the Common Expense Liability, and votes in the Association allocated to each Unit.

Allocated Interest means the equal interest of each Owner in the Common Expense liability, the equal interest for the purposes of voting in the Association, and equal interest for other purposes indicated in this Declaration or the Act.

Allocated Interest means the equal interest of each Owner in the Common Expense liability, the equal interest for the purposes of voting in the Association, and equal interest for other purposes indicated in this Declaration or the Act. Multiple Owners of a Lot shall jointly hold one Allocated Interest. Allocated Interest and Voting Interest may be used interchangeably herein.

Allocated Interest means the undivided 1/94th interest in the Common Area, the Common Expense liability, and votes in the Association allocated to each Unit.

Allocated Interest means the Undivided interest in the Assessments and votes in the Association allocated to each Unit as set forth in Exhibit C attached hereto. The formulas for the Allocated Interests are as follows: 2:2.1 “Percentage Share of Common Expenses and Percentage Share of Ownership of Common Elements”: This figure is determined by the percentage equivalent to a fraction, the numerator of which shall be the relative square feet of each Unit and the denominator of which is the square feet of all the Units in Marina Park. This number, the quotient, is multiplied by 100 to obtain the percentage equivalent. For example and by way of illustration only, if a unit is 2000 square feet and the total square footage of all units is 10,000 square feet, the quotient is 0.20 times 100 equals 20 percent (20%). The total number of Units in Marina Park is 20 plus 2 commercial spaces. 2.2.2 “Voting” means One vote per dwelling Unit.