AMI Interest definition

AMI Interest means any areas of mutual interest in which the Company or any Restricted Subsidiary owns an interest.
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AMI Interest means any areas of mutual interest in which the Company or any Restricted Subsidiary owns an interest. “Applicable Premium” means, with respect to any Note on any Redemption Date, the greater of:
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AMI Interest means the following ownership percentages of each of the Parties granted in respect of the AMI Lands pursuant to Article 7 of this Agreement: (i) with respect to Passport, a 25% interest ; (ii) with respect to Eternal, 37.5% interest; and (iii) with respect to American Eagle, 37.5% interest;
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Examples of AMI Interest in a sentence

  • If a Party's election and payment are not received within such fifteen (15) day period, it shall be conclusively presumed that such Party has elected not to acquire its Proportionate Share of the Subsequently Acquired AMI Interest and has forfeited its right thereto.

  • Any Party acquiring a Subsequently Acquired AMI Interest, directly or indirectly, shall notify the other Parties hereto.

  • Parties shall have fifteen (15) days from the receipt of this notice to acquire their Proportionate Share of the Subsequently Acquired AMI Interest.

  • OPC will have the option (each an “Option”) to acquire an undivided 51% interest in the AMI Interest(s) covered by each Acquisition Notice on the same terms and conditions on which the CRC Person acquired such AMI Interest (provided, the acquisition price to be paid to CRC by OPC shall be determined in accordance with Section 2.1(d)) by providing written notice of such election to CRC at any time within the one (1) year period following OPC’s receipt of such Acquisition Notice (the “Election Period”).

  • The Acquiring Party shall execute and deliver an Assignment to each Non-Acquiring Party which elects to acquire its proportionate share of an AMI Interest as soon as practical after receiving the Non-Acquiring Party's proportionate share of the total cost thereof.

  • This AMI shall continue for a term of seven (7) years, or the expiration of the last Jointly Owned AMI Interest, whichever is earlier.

  • If as to any Acquisition Notice OPC fails to exercise the Option within the Election Period applicable to such Acquisition Notice, OPC shall be deemed to have made an election not to exercise the Option and not to acquire an undivided interest in such AMI Interest.

  • The Acquiring Party shall notify the Non-Acquiring Parties in writing of the acquisition of an AMI Interest.

  • If any Non-Acquiring Party elects to acquire its proportionate share of the AMI Interest, such election shall be given in writing to the Acquiring Party within ten (10) days after receipt of notice of the acquisition of the interest.

  • If a Party fails to pay its proportionate share of the cost of such an AMI Interest within said thirty-day period, such Party shall then be conclusively deemed to have elected not to acquire its proportionate share of such interest and the Acquiring Parties shall have the right to acquire their proportionate share of such interest.


More Definitions of AMI Interest

AMI Interest as set forth in Section 1.1(b) of the Agreement shall be deleted in its entirety and replaced with the following:
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AMI Interest means any Lease, mineral servitude, license, or concession (or a contractual right to acquire any Lease, mineral servitude, license or concession) or an undivided interest therein or portion thereof, together with all appurtenances, easements, permits, licenses, servitudes and rights-of-way situated upon or used or held for future use in connection with such an interest or the exploration, development or operation thereof. “AMI Interest” shall also mean and include all rights and interests in all lands and interests unitized or pooled therewith pursuant to any law, rule, regulation or agreement.
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AMI Interest shall also mean and include all rights and interests in all lands and interests unitized or pooled therewith pursuant to any law, rule, regulation or agreement.
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Related to AMI Interest

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Asset Interest is defined in Section 2.1(b).

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Derivative Interest means any derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of the underlying equity increases, including, but not limited to, a long convertible security, a long call option and a short put option position, in each case, regardless of whether (i) such interest conveys any voting rights in such security, (ii) such interest is required to be, or is capable of being, settled through delivery of such security or (iii) transactions hedging the economic effect of such interest.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Assigned Interest means all of Assignor's (in its capacity as a "Lender") rights and obligations under the Credit Agreement in respect of the Commitment of the Assignor in the principal amount equal to $____________, and to make Loans under the Commitment and any right to receive payments for the Loans outstanding under the Commitment assigned hereby of $____________ (the "Loan Balance"), plus the interest and fees which will accrue from and after the Assignment Date.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.