Existing Interest definition

Existing Interest means interest on Loans (under and as defined in the Existing Credit Agreement) and Participation Advances (under and as defined in the Existing Credit Agreement) that are accrued and unpaid as of the Closing Date.
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Existing Interest means Minto’s interest in each multi-residential rental property that Minto continued to own following the IPO Closing;
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Existing Interest has the meaning set forth with respect thereto in the preamble.
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Examples of Existing Interest in a sentence

  • Lands 1 The Parties acknowledge that the Land Council has an Existing Interest granted by the Lands Minister in relation to the Lands to provide access to the land shown in pink hatching on the Northern Boundaries Map and to adjacent LALC Lands.

  • The Lessee and the Existing Interest Holders acknowledge that pursuant to New York Real Property Tax Law Section 406(1), the Existing Interest Holders are exempt from the payment of taxes and assessments imposed upon real property owned by it, and the Lessee and the Existing Interest Holders agree that it is the intention of the parties that the Premises shall not be exempted from the payment of taxes and assessment by New York Real Property Tax Law Section 406(1) during the term of the PILOT Agreement.

  • At or before Construction Closing, the Existing Interest Holders shall pay all fines and penalties for any Violations that are assessed against the Premises prior to the Construction Closing, with reasonable evidence presented to Lessee at Construction Closing of the satisfaction thereof.

  • Lessee shall exercise the right of assignment pursuant to this Section 15 by giving written notice thereof to the Existing Interest Holders (or the County only, as applicable) in accordance with Section 22 below.

  • No member, official, employee, agent, or consultant of either of the Existing Interest Holders or any affiliate thereof shall be personally liable to the Lessee, or any successor in interest or person claiming by, through or under the Lessee, in the event of any default or breach, or for or on account of any amount which may be or become due, or in any claim, cause or obligation whatsoever under the terms of this Agreement.

  • Except as otherwise expressly provided herein, after the Construction Closing, or the earlier termination of the Town Ground Lease, any and all rights and obligations of the Existing Interest Holders hereunder shall be deemed to be rights and obligations of the County only for the remainder of the term of this Agreement.

  • Lessee shall have the right to assign, transfer, sublease, or otherwise dispose of its interests, rights or obligations under this Agreement, without the Existing Interest Holders’ consent, to any entity of which the Lessee, or the managing member of the Lessee is a member, or any entity in which Lessee has a controlling interest or with which Lessee is affiliated.

  • Lessee shall at its own cost and expense, defend any and all suits or actions which may be brought against the Existing Interest Holders or in which the Existing Interest Holders may be impleaded with others upon any of the above-mentioned matters or claims.

  • Any modification to this Agreement prior to the Construction Closing must be in writing and signed by the Existing Interest Holders and the Lessee, and be approved by the Town Board of the Town of Greenburgh and the Westchester County Board of Legislators.

  • At least thirty (30) days prior to the Construction Closing, Lessee shall have the title re-examined by the title company and shall deliver to the Existing Interest Holders’ counsel a copy of said company’s updated report together with a notice of any liens, encumbrances or other defects of title subject to which Lessee is unwilling to accept the leasehold interests contemplated under this Agreement.


More Definitions of Existing Interest

Existing Interest has the meaning set forth in Section 5.18(a).
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Existing Interest means each of the interests set forth in Clause 2.1 (together the Existing Interests).
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Existing Interest means, with respect to the Existing Indebtedness ----------------- and the Prior Agreement, all interest payable in connection therewith that has accrued and remains unpaid as of the Effective Date.
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Existing Interest means all interest in whatever nominal value which the Pledgors hold in the Partnership as at the date hereof, including, for the avoidance of doubt, such interests listed under Clause 2 below. "Future Interest" means all additional interest in the capital of the Partnership in whatever nominal value which the relevant Pledgor may acquire after the execution of this Agreement. "Future Pledgee" means any entity or Person which may become a pledgee hereunder by way of (i) transfer of the Pledges by operation of law following the transfer or assignment (including by way of novation or assumption (Vertragsübernahme)) of any part of the Secured Obligations from any Original Pledgee or Future Pledgee to such future pledgee and/or (ii) accession to this Agreement pursuant to sub-Clause 3.4 hereof as pledgee. "Interest" means jointly the Existing Interest and the Future Interest. "Issuer Documents" means any Letter of Credit, any Letter of Credit application, and any other document, agreement and instrument entered into by an L/C Issuer and Avaya Inc. (or any of its subsidiaries) or in favour of such L/C Issuer and relating to such Letter of Credit.
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Existing Interest means an interest subject to which an airport lease was granted (because of section 26 of the Airports (Transitional) Act 1996);
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Related to Existing Interest

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.

  • Conflicting interest shall have the meaning specified in Section 310(b) of the Trust Indenture Act and the Trustee shall comply with Section 310(b) of the Trust Indenture Act; provided that there shall be excluded from the operation of Section 310(b)(1) of the Trust Indenture Act with respect to the Securities of any series any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. For purposes of the preceding sentence, the optional provision permitted by the second sentence of Section 310(b)(9) of the Trust Indenture Act shall be applicable.

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • 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.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.