Designated Interests definition

Designated Interests has the meaning set forth in Section 5.27.
Designated Interests shall have the meaning set forth in the Recitals.

Examples of Designated Interests in a sentence

  • Unless Shipper has failed to remedy a material breach of this Agreement, Carrier shall not claim or seek to register a lien, caveat, or encumbrance over any interest of Shipper in the Designated Interests or any Designated Facilities applicable thereto.


More Definitions of Designated Interests

Designated Interests has the meaning set forth in Section 8.8(a).
Designated Interests means, in respect of a Designated Area, all of the Interests of Shipper (or its Affiliates) or the Contract Designated Interests which are located within, upon or under such Designated Area that have been designated by Shipper to one or more Requested Service Hauls in relation to all or a portion of the Monthly Volume Commitment for each such Requested Service Hauls, including those Interests set forth and further described in Paragraph 6 of Schedule “A”, and includes (a) Interests in the Designated Area that Xxxxxxx holds an interest in as of the Effective Date; (b) any Interests acquired by Shipper within the Designated Area following the Effective Date; and (c) Interests in the Designated Area that became (or become) designated subject to the terms of this Agreement as Contract Designated Interests;

Related to Designated Interests

  • Allocated interests means the following interests allocated to each unit:

  • Purchased Interests has the meaning set forth in the Recitals.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Membership Interests has the meaning set forth in the recitals.

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as:

  • Uncertificated Interest With respect to any REMIC I Regular Interest for any Distribution Date, one month's interest at the REMIC I Remittance Rate applicable to such REMIC I Regular Interest for such Distribution Date, accrued on the Uncertificated Balance thereof immediately prior to such Distribution Date. Uncertificated Interest in respect of any REMIC I Regular Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day months. Uncertificated Interest with respect to each Distribution Date, as to any REMIC I Regular Interest, shall be reduced by an amount equal to the sum of (a) the aggregate Prepayment Interest Shortfall, if any, for such Distribution Date to the extent not covered by payments pursuant to Section 3.24 and (b) the aggregate amount of any Relief Act Interest Shortfall, if any allocated, in each case, to such REMIC I Regular Interest pursuant to Section 1.02. In addition, Uncertificated Interest with respect to each Distribution Date, as to any REMIC I Regular Interest shall be reduced by Realized Losses, if any, allocated to such REMIC I Regular Interest pursuant to Section 1.02 and Section 4.04.

  • Designated Investor means an Investor (a) that has been approved in writing as a Designated Investor by Administrative Agent and the Required Lenders, in their sole discretion, and (b) in respect of which there has been delivered to Administrative Agent:

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.