sectional title unit means a unit defined in section 1 of the Sectional Titles Act;
Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.
Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.
Transferred Interests has the meaning set forth in the Recitals.
Membership Interests has the meaning set forth in the recitals.
Class Title means the designation given under these rules to a class and to each position allocated to such class.
sectional title scheme means a scheme defined in section 1 of the Sectional Titles Act;
Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].
Purchased Interests has the meaning set forth in the Recitals.
Seller’s Share of any amount means the greater of: (a) $0 and (b) such amount minus the product of (i) such amount multiplied by (ii) the Purchased Interest.
Company IP Rights means (a) any and all Intellectual Property used in the conduct of the business of the Company or any of its Subsidiaries as currently conducted, and (b) any and all other Intellectual Property owned by the Company or any of its Subsidiaries.
Company-Owned IP Rights means Company IP Rights that are owned by the Company or any of its Subsidiaries.
Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.
Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.
LLC Interests shall have the meaning given to such term in Section 5.1.3.
Common Interests of any Person means Capital Interests in such Person that do not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to Capital Interests of any other class in such Person.
Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.
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.
Owned Property has the meaning set forth in Section 4.10(a).
Mining Rights means all interests in the surface of any lands, the minerals in (or that may be extracted from) any lands, all royalty agreements, water rights, patented and unpatented mining and millsite claims, fee interests, mineral leases, mining licenses, profits-a-prendre, joint ventures and other leases, rights-of-way, inurements, licenses and other rights and interests used by or necessary to mining and related processing operations.
Existing Title Policy means, the existing title insurance policy for the Property.
Transferred Property shall have the meaning specified in Section 2.1(a) hereof.
Assessable property means property that is liable to assessment under this By-law;
Company Shares has the meaning set forth in the Recitals.