Original Interests definition

Original Interests has the meaning set forth in the recitals to this Agreement.
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Original Interests means all of the Interests held by the Chargor;
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Original Interests means the Interests of the Original Interest Holders solely with respect to the Project prior to the Conversion.
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Examples of Original Interests in a sentence

  • The Parties shall then calculate an amount of cash that shall be paid by CalSTRS to the Original Interest Holders with respect to the Original Interests, or by the Original Interest Holders to CalSTRS with respect to the CNP Additional Interest, as applicable based on the net debits and credits for the reconciliation, such that the Conversion on the Conversion Date will result in the same economic effect as if the Conversion had occurred on the Mezzanine Loan Acquisition Date.


More Definitions of Original Interests

Original Interests means, as of the end of any taxable year, any Percentage Interests attributable to a Limited Partnership Interest originally held by Bal-Penn, Schulweis or Xxxxxx; provided that such term shall not include any Percentage Interest held by TC-Oriole.
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Original Interests has the meaning set forth in the recitals to this Agreement. 7 “Original Member” has the meaning set forth in the recitals to this Agreement. “Paired Interest” means one Class A Unit together with one Class B-2 Common Share. The reference to Class A Units in this definition shall be deemed to include any security, securities or other property of the Company which may be issued in respect of, in exchange for or in substitution of Class A Units by reason of stock or unit split, reverse stock or unit split, stock or unit dividend or distribution, combination, reclassification, reorganization, recapitalization, merger, exchange (other than a Redemption) or other transaction. The reference to Class B-2 Common Shares in this definition shall be deemed to include any security, securities or other property of the Company which may be issued in respect of, in exchange for or in substitution of Class B-2 Common Shares by reason of stock or unit split, reverse stock or unit split, stock or unit dividend or distribution, combination, reclassification, reorganization, recapitalization, merger, exchange or other transaction. Notwithstanding the foregoing, no Class A Unit or Class B-2 Common Share owned by INC or its direct or indirect wholly-owned Subsidiary shall comprise a Paired Interest. “Percentage Interest” means, with respect to each Member, (i) as to Company Common Units, the fraction, expressed as a percentage, the numerator of which is the aggregate number of Company Common Units held by the Member and the denominator of which is the total number of Company Common Units held by all Members, and (ii) as to any other class or series of Company Interests, the fraction, expressed as a percentage, the numerator of which is the aggregate number of Units of that class or series held by the Member and the denominator of which is the total number of Units of that class or series held by all Members. If not otherwise specified, “Percentage Interest” shall be deemed to refer to Company Common Units. “Permitted Transfer” means any of the following:
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Original Interests refers to the interests of Investor and Operator in the Company both (i) as they relate to the City National Plaza Project arising prior to this Amendment (as opposed to the CNP Additional Interest created by this Amendment), and (ii) as they relate to all other assets of the Company.
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Original Interests shall have the meaning ascribed thereto in Section 1 of the Eighth Amendment.
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Original Interests means the interests of Investor and Operator in the Company both (i) as they relate to the CNP Project arising prior to the Eighth Amendment and to the Centerpointe Project arising prior to this Amendment (as opposed to (a) the CNP Additional Interest created by the Eighth Amendment and (b) the Centerpointe Additional Interest created by this Amendment), and (ii) as they relate to all assets of the Company other than the CNP Project and the Centerpointe Project.
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Original Interests has the meaning set forth in the recitals.
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Related to Original Interests

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Capital Interests means any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership.

  • Fractional Interest As defined in Section 5.02(d).

  • 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:

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

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • 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.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

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

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