Opco Interest definition

Opco Interest means an “Interest” as defined in the Opco Limited Partnership Agreement.
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Opco Interest is defined in Section 4.2(a).
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Opco Interest has the meaning assigned to such term in the recitals.
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Examples of Opco Interest in a sentence

  • Notwithstanding any provision of the West Colton Agreement or the San Antonio Agreement to the contrary, immediately following such admission, Opco shall continue as a member of West Colton and San Antonio with respect to its limited liability company interests therein that do not constitute the Opco Interest, and West Colton and San Antonio are hereby continued without dissolution.

  • Immediately following such contribution of the Opco Interest, Green Plains shall and does hereby continue as a member of Opco, and the General Partner shall and does hereby cease to be a member of Opco and shall thereupon cease to have or exercise any right or power as a member of Opco, and Opco is hereby continued without dissolution.

  • The General Partner hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership the Opco Interest, and the Partnership hereby accepts such Opco Interest in exchange for (a) a continuation of the General Partner’s 2% general partner interest in the Partnership and (b) the issuance to the General Partner of all of the Incentive Distribution Rights, and the Partnership hereby accepts such Opco Interest.

  • Notwithstanding any provisions of the West Colton Agreement or the San Antonio Agreement to the contrary, the Partnership hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to Opco, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Opco Interest.

  • Section 2.9 Distribution of Opco Interest by J-W to Producers LLC.

  • Opco hereby distributes, assigns, transfers, sets over and delivers to USDG, its successors and its assigns, for its and their own use forever, all right, title and interest in the Opco Interest.

  • He thanked staff for answering the phones throughout the district when people call in.

  • Notwithstanding any provisions of the West Colton Agreement or the San Antonio Agreement to the contrary, USDG hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the General Partner, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Opco Interest.

  • Notwithstanding any provision of the limited liability company agreement of Opco (the “Opco LLC Agreement”) to the contrary, the General Partner is hereby admitted to Opco as a member of Opco holding the Opco Interest and hereby agrees that it is bound by the Opco LLC Agreement.

  • Notwithstanding anything in the West Colton Agreement or the San Antonio Agreement to the contrary, as applicable, pursuant to this contribution, (i) Opco is hereby admitted as a member of West Colton and San Antonio with respect to the Opco Interest (ii) the Partnership ceases to be a member of West Colton and San Antonio, and (iii) West Colton and San Antonio hereby each all continue without dissolution with Opco as its sole member.


More Definitions of Opco Interest

Opco Interest means, with respect to any property or interest in property (including, without limitation, the OpCo Collateral), now owned or hereafter acquired or created, of the Parent or any of its Subsidiaries (other than ALER or the Issuer), any lien, claim, encumbrance, security interest or other interest of the OpCo Agent in such property or interests in or to such property.
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Related to Opco Interest

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • 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 IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

  • 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.

  • 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.

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

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

  • Class B Interests As set forth in the Trust Agreement.

  • 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.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

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

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

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

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

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

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

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

  • Profits Interest means an interest in the Company that is intended to be classified as a profits interest within the meaning of Internal Revenue Service Revenue Procedure 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other Law) for U.S. federal income tax purposes, including the Class C Common Incentive Units.

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

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Common Interest means employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • 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.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

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

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.