Examples of Ownership Interest in a sentence
The City hereby agrees that the Site and the City’s Ownership Interest in all property located thereon on the date of this Lease shall be part of the Lambeau Field Complex, for all of which the City shall be credited with an Equity Contribution of $100 million.
Except with the prior consent of the Board, including a Majority of DFC Managers, the Member may not Transfer its Ownership Interest, in whole or in part.
For the Rent and upon the agreements contained in this Agreement, (i) the City hereby leases the Site to the Team, and the Team hereby leases the Site from the City, and (ii) the District and the City each hereby lease to the Team, and the Team hereby leases from the District and the City, all of the District’s Ownership Interest and the City’s Ownership Interest, respectively, in and to the Lambeau Field Complex.
Neither the City nor the District shall create or permit to exist any lien or encumbrance on its Ownership Interest in Components of the Lambeau Field Complex except for Permitted Encumbrances.
In the event this Lease is terminated pursuant to Section 18.1, the condemnation award with respect to the Lambeau Field Complex shall first be utilized to pay down the Stadium Revenue Bonds with any remainder of the award to be distributed to the District, the City, and to the Team in proportion to the District’s Ownership Interest, the City’s Ownership Interest, and the Team’s Leasehold Improvements Interest, respectively.