Permitted Interest definition

Permitted Interest an interest in any class of shares or other securities of any company which are traded on a recognised investment exchange which amount to not more than 3% of such class of issued shares or securities and an interest in any units of any authorised unit trust.

Permitted Interest. Rate or Currency Protection Agreement" of any Person -------------------------------------------------------- means any Interest Rate or Currency Protection Agreement entered into with one or more financial institutions in the ordinary course of business that is designed to protect such Person against fluctuations in interest rates or currency exchange rates with respect to Indebtedness Incurred and which shall have a notional amount no greater than the payments due with respect to the Indebtedness being hedged thereby and not for purposes of speculation.

Permitted Interest means (a) mechanics’, carriers’, repairmans’, materialmen’s and similar Security Interests not yet due and payable; (b) Security Interests for Taxes not yet due and payable or which are being contested in good faith and for which appropriate reserves have been established and are reflected on the Financial Statements; (c) purchase money Security Interests and Security Interests securing rental payments under capital lease arrangements; and (d) in the case of owned or leased real property, covenants, conditions, restrictions, easements, survey exceptions, imperfections of title and other similar matters which do not materially detract from the value of, or materially interfere with the present or presently contemplated use of, the property subject thereto or affected thereby.

Examples of Permitted Interest in a sentence

• The Partnership, and the General Partner on behalf of the Partnership, may enter into and perform each of the Loan Documents, the Contingent Interest Promissory Note, the Permitted Interest Rate Xxxxxx, the Investment Advisory Agreement and any documents contemplated thereby or related thereto and any amendments thereto, without any further act, vote or approval of any Person, including any Partner, notwithstanding any other provision of this Agreement.

• The Borrower will not, and will not permit any of its Subsidiaries to, enter into any Hedge Agreement, other than Permitted Interest Rate Xxxxxx.

• Upon the termination of the commitment of the Lender under Section 2.01(a) to make Loans and the indefeasible payment in full in Cash of all of the Secured Obligations and any other obligations and liabilities of the Borrower and the Guarantors to any Permitted Hedge Counterparty under any Permitted Interest Rate Hedge, this Loan Agreement shall terminate (other than any provisions hereof expressly stated to survive termination).

• Except for Permitted Transfers, Permitted Encumbrances and Permitted Interest Encumbrances, no Shareholder shall Transfer or create an Encumbrance on all or any part of its Percentage Interest.

• Except for Permitted Transfers, Permitted Encumbrances, and Permitted Interest Encumbrances, no Member shall Transfer or create an Encumbrance on all or any part of its Interest.

More Definitions of Permitted Interest

Permitted Interest means any Securitization Lien or other Lien that arises in relation to any securitization or other structured finance transaction where:

Permitted Interest means a right to obtain an ownership interest, right to control, or share profits or revenues in a Cannabis License pursuant to a Permitted Interest Agreement where the holder of such Permitted Interest is a person who is a lawful United States citizen whose right to ownership in the Cannabis License is contingent on the Permitted Interest Holder’s qualification and approval by the OCR. A Permitted Interest is a Financial Interest;

Permitted Interest. Rate or Currency Protection Agreement"................................................15 "Permitted Investment"....................................................................................15 "Permitted Liens".........................................................................................16 "Person"..................................................................................................17 "Predecessor Security"....................................................................................17 "Preferred Shares"........................................................................................17 "Project".................................................................................................17 "Qualifying Construction Loan"............................................................................17 "Qualifying Project"......................................................................................17 "Rating Agencies".........................................................................................17 "Rating Categories".......................................................................................18 "Redeemable Stock"........................................................................................18

Permitted Interest in respect of the Equipment or the Third-Party Hire Agreement, means:

Permitted Interest means ownership by Purchasers (or Permitted Transferees) of at least 33 1/3% of the aggregate number of shares of Common Stock theretofore actually issued to Purchasers (or Permitted Transferees) pursuant to Sections 2.01 and 2.03 of this Agreement (as may be adjusted for any dividends payable in shares of Common Stock or any stock split or reverse stock split, combination, consolidation or reclassification of the Common Stock), but excluding any shares of Common Stock issued to Purchasers (or Permitted Transferees) upon exercise of the preemptive rights set forth in Section 4.12.

Permitted Interest means the ownership of (a) shares of stock listed on the New York Stock Exchange, the American Stock Exchange, or any other recognized stock exchange, so long as the amount of such stock of any one issuer is less than 5 percent of the outstanding voting shares; (b) shares of mutual funds; (c) an interest in a blind trust; or (d) any debt instruments of publicly held companies.

Permitted Interest has the meaning given in Clause 5.1 (Directors’ Interests);