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

• 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.

• The result of such division for each Unit shall be the adjusted Allocated Interest for such Unit.

• Each Unit Owner shall be entitled to one (1) vote for each Unit owned in accordance with the Allocated Interest attributable to such Unit, except that no votes allocated to a Unit owned by the Association may be cast.

• 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.

• Upon such a taking, unless the decree otherwise provides, that Unit’s Allocated Interest in the Common Area shall automatically be reallocated to the remaining Units in proportion to their respective interests immediately before the taking.

More Definitions of Allocated Interest

Allocated Interest means, as of any Interest Payment Date during the Construction Period, the amount of interest due and payable on such date with respect to the Project Loan.

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 interests in the common elements, the common expense liability, and votes in the applicable Association allocated to each unit.

Allocated Interest has the meaning set forth in Section 2.1(iii).

Allocated Interest means a Unit’s allocated interest for voting rights and its allocated interest for Assessments set forth on Exhibit B. Allocated Interests are based on the relative maximum habitable floor area of the Units, except that the square footage is prorated to satisfy the limits on Assessments for the Deed Restricted Units required by the Community Documents. If a matter is subject to the vote of a particular class or group of Units, or a cost is allocated only to a particular class or group of Units, then a Unit’s Allocated Interest will be a fraction, the numerator of which will be the applicable Allocated Interest of such Unit on Exhibit B, and the denominator of which will be the aggregate Allocated Interests of Units that are within that particular class or group of Units. The Allocated Interests for the Deed Restricted Units shall comply with the Town’s Community Housing Guidelines and, in the event of a conflict, the Allocated Interests shall be automatically amended to not exceed the limitations contained in such Community Housing Guidelines.

Allocated Interest means each Unit’s share of the Common Expenses of, and votes in, Association.