Designated Interest definition

Designated Interest. The aggregate sum of $10,000,000.00, representing the portion of the interest of Tranche A Term Loan that would otherwise have accrued and become payable with respect to the Tranche A Term Loan during the first year of this Agreement but which will instead be prepaid on the Effective Date.

Designated Interest means: (i) as to the West Hastings Unit, a working interest of 89.33682% and a net revenue interest of 78.94105%; (ii) as to the East Hastings Field, a working interest of 100% and a net revenue interest of 87.5%; (iii) as to a Lease in the West Hastings Unit, the working interest and net revenue interest set forth for such Lease in Exhibit “C”; (iv) as to a Lease in the East Hastings Field, the working interest and net revenue interest set forth for such Lease in Exhibit “C”; as to a well in the West Hastings Unit, the working interest and net revenue interest set forth for such well in Exhibit “B-1”; as to a well in the East Hastings Field, the working interest and net revenue interest set forth for such well in Exhibit “B-2”; and, as to any other Asset, the ownership interest of Optionor in such Asset to be conveyed to Optionee, less and except the Optionor’s reserved overriding royalty interest as set forth in Section 1.27(a). If following the Agreement Effective Time and prior to the Option Exercise Date Optionor acquires additional interests in the Hastings Field, the Designated Interests shall be adjusted to reflect such acquisitions(s). The Designated Interests for all of the above Assets are referred to collectively as the “Designated Interests.”

Designated Interest has the meaning set forth in the Recitals.

Examples of Designated Interest in a sentence

• The Notice referred to is the approved form “Notice to the Owner of the Leasehold Scheme and Designated Interest Holder for making / amendment / repeal of staged subdivision by-laws”.

• Notwithstanding the foregoing, Obligations arising under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Guaranteed Creditor.

• The Notice referred to is the approved form “Notice to Designated Interest Holders for amendment of schedule of unit entitlements”.

• Evidence - Certificate of Strata Company – Effecting subdivision, Statement to Deal with land, and Consent Statement – Designated Interest Holders (for amendment of scheme plan and Schedule of unit entitlement) will be required for this scenarioNote.

• Luckily, the expression above is relatively easy, making it feasible to just calculate the trace by hand.

• The Association shall hereby have a continuing lien against each Lot to secure payment of delinquent assessments (annual assessments, special assessments and specific assessments), as well as interest at the Designated Interest Rate, late charges, and costs of collection, including, without limitation, court costs and attorneys’ fees, and any other fees or charges that are authorized under or pursuant to this Declaration.

• With respect to any assessment or other sum due herein not paid within ten (10) days after the due date, the Association shall have the right to: (i) charge a late fee, in an amount determined by the Board;(ii) charge interest on the amount due at the Designated Interest Rate from the due date until the date the sum is paid; and/or (iii) charge costs and fees related to the collection of the sum due.

• Any reference herein to the satisfaction, repayment, or payment in full of the Secured Obligations shall mean the repayment in full of all of the Secured Obligations other than (x) contingent indemnification obligations not then due and (y) obligations and liabilities under Designated Interest Rate Protection Agreements, Designated Hedge Agreements and Designated Treasury Services Agreements.

• Unsurprisingly, on June 12, 2020, 2 See Exhibit C-001, Put Agreement, Section 7.1, Definition of “Fair Market Value” (“‘Fair Market Value’ means the price at which the Designated Interest (without any discount for Seller’s minority interest in CENG) would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as agreed by the parties or determined through Baseball Arbitration.

• Only GTE employees, agents or contractors be allowed access to the MDF or DSX to terminate facilities, test connectivity, run jumpers and/or hot patch in-service circuits.

More Definitions of Designated Interest

Designated Interest means an allotment interest which has been designated to a defined individual through a valid will or other conveyance.

Designated Interest. Rate." 8% per annum.