IP Interest definition

IP Interest. An undivided irrevocable right, title or interest in and to, or a valid and enforceable license, permit, certificate, franchise, or other authorization or right to use, the Technology and Intellectual Property Rights necessary to construct, complete, operate, use and maintain the Project through the Maturity Date.
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IP Interest. Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Standard Rate, which amount is specified on Exhibit A as the “Amount Attributable to Interest”. [May not need the remaining text, depending on terms in bank commitment letter] The parties acknowledge that a change in the Second Period Rate will occur on the SP Rate Change Date; accordingly, to the extent that specific amounts are set forth on Exhibit A as the “Amount Attributable to Interest” for the Payment Due Dates following the SP Rate Change Date, such amounts are projections, as opposed to actual amounts.
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IP Interest is defined in the Promissory Note as “Additional Benefit”) shall be acquired as a result of his investment as provided in this Option 1 Investment Schedule.
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Examples of IP Interest in a sentence

  • This Contract does not constitute an indebtedness or obligation of the City and, accordingly: (a) neither the credit nor the taxing power of the City, the State of Indiana, or any political subdivision of either of the foregoing is pledged to the payment of the IP Principal Amount or the IP Interest Amount; and (b) the faith and credit of the City are not pledged to this Contract.

  • The Trustee acknowledges receipt of the Class I-P Interest (which is uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC VI Certificates.

  • Accordingly, at least 30 days prior to the first Payment Due Date following the SP Rate Change Date, Developer shall deliver a written notice to PRF that: (A) sets forth the changed Second Period Rate; and (B) includes an addendum to Exhibit A that sets forth the actual IP Interest Amount and IP Principal Amount payable for the remainder of the Payment Period.

  • On each Distribution Date, all amounts with respect to Prepayment Charges with respect to Loan Group I shall be distributed to the Holders of the Class I-P Interest and the Class I-P Certificates, provided that such distributions shall not be in reduction of the principal balance thereof.

  • On the Distribution Date immediately following the expiration of the latest Prepayment Charge term with respect to Loan Group I as identified on the Mortgage Loan Schedule, any amount on deposit in the Class I-P Certificate Account will be distributed to the Holders of the Class I-P Interest and the Class I-P Certificates in reduction of the Certificate Principal Balance thereof.

  • The installment payments shall consist of IP Interest Amounts and IP Principal Amounts as necessary to fully amortize the Acquisition Property Price over the Payment Period at the Standard Rate.

  • Notwithstanding anything to the contrary set forth herein, none of Developer, the City, or PRF shall: (a) take any action; or (b) fail to take any action; that would result in loss of the exclusion under the Code of the IP Interest Amount from gross income, which IP Interest Amount was the subject of an opinion of Special Tax Counsel to the effect that the IP Interest Amount is excludable from gross income under the Code.

  • IP Interest Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Standard Rate, which amount is specified on Exhibit A as the “Amount Attributable to Interest”.

  • In addition, the Class I-P Interest is entitled to distributions of all Prepayment Charges.

  • As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the Class I-P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC VI”.


More Definitions of IP Interest

IP Interest means, subject to the terms and conditions of the applicable February 2010 Note, the right of a February 2010 Purchaser to receive eight tenths of one percent (0.80%) of the Net Profit (as such term is defined in the February 2010 Notes) from an IP Event.
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Related to IP Interest

  • 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.

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

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

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

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

  • GP Interest means: (i) with respect to any limited partnership, a unit of general partnership interest in such partnership; and (ii) with respect to a McNeil Partnership, the units of general partnership interest held by the general partner of such McNeil Partnership and all of the rights in respect thereof, including not only the general partner's proportionate interest of the profits and losses of that McNeil Partnership based on the general partner's capital contribution but also the rights and other assets (if any) corresponding to such McNeil Partnership which are being contributed to the applicable New GP LLC at the direction of the Company in accordance with Article II 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.

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

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • 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.

  • 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.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Purchased Interest means, at any time, the undivided percentage ownership interest 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 interest shall be computed as:

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

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

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

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

  • 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.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Assigned Interests has the meaning set forth in Section 2 hereof;

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

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