Redeemed Interest definition

Redeemed Interest has the meaning set forth in Section 7.9.E(iii).
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Redeemed Interest shall have the meaning set forth in Section 2.1.
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Redeemed Interest has the meaning specified in Section 5.8(a) hereof.
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Examples of Redeemed Interest in a sentence

  • The distributive share of the Company's income, gain, loss, and deduction with respect to the Redeemed Interest for the taxable year of the Company that includes the Effective Date shall be determined based upon an interim closing of the Company's books as of the close of business on the Effective Date.

  • Redeemed Member has not sold, transferred, conveyed, assigned, pledged or granted any Lien with respect to all or any portion of the Redeemed Interest to any Person or entity other than the Company, as applicable, or entered into any agreement to do any of the foregoing.

  • From time to time, following the Closing, Seller shall execute and deliver, or cause to be executed and delivered, to Purchaser such other instruments of conveyance and transfer as Purchaser may reasonably request to more effectively convey and transfer to, and vest in, Purchaser and to put Purchaser in possession of, any part of the Transferred and Redeemed Interest.

  • LED Effects hereby represents and warrants to LED Holdings that: (i) LED Effects owns the Redeemed Interest; (ii) to LED Effects’ knowledge, there are no liens, adverse claims, charges, pledges or other encumbrances against the Redeemed Interest; and (iii) LED Effects has not previously sold, assigned, transferred, mortgaged, pledged, or granted a lien security interest, or option in the Redeemed Interest.

  • The parties further acknowledge and agree that the redemption of the Redeemed Interest shall be deemed a transaction contemplated by this Agreement.

  • In consideration for the redemption of the Redeemed Interest, the Company has distributed to DMOI cash in the amount of $30,000.

  • The parties, and in particular each of Continuing Partners, agrees that Partnership shall continue and not be dissolved or terminated because of the retirement and redemption of the Redeemed Interest or the withdrawal from Partnership of Withdrawing Partner.

  • Accordingly, no further documentation or action is needed or shall be required in order to make Withdrawing Partner's sale, assignment, transfer, conveyance, and delivery of the Redeemed Interest to Partnership, or its withdrawal from Partnership, effective, but Withdrawing Partner shall execute, acknowledge, and deliver all further documents which Partnership may reasonably deem necessary or appropriate to effect such sale, assignment, transfer, conveyance, and delivery.

  • Pursuant to the Redemption Agreement, the Company will redeem one hundred percent (100%) of Bxxx'x right, title and interest in and to the Company (the "Redeemed Interest"), in exchange for the transfer of a direct fee ownership interest in the Property to Bxxx HNW Waterford, LLC, a Delaware limited liability company and wholly owned subsidiary of Bxxx (the "Bxxx SPE"), and in connection with such redemption, Bxxx will cease to be a Member of the Company (the "Redemption").

  • Withdrawing Partner represents and warrants to Partnership that Withdrawing Partner has full legal right, power, and authority to execute this Agreement and to sell, assign, transfer, convey, and deliver the Redeemed Interest to Partnership as described in paragraph 3(a) and that the Redeemed Interest is free and clear of any and all claims, liens, security interests, and encumbrances whatsoever.


More Definitions of Redeemed Interest

Redeemed Interest has the meaning set forth in the recitals of this Agreement.
Sample 1

Related to Redeemed Interest

  • 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.

  • 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:

  • Vested Interest means a Participant’s nonforfeitable interest in his or her Account, determined in accordance with Article V.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

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

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

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

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

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

  • Allocated interests means the following interests allocated to each unit:

  • Credited Interest means interest on Member contributions to the Plan compounded annually from the end of the Plan Year in which contributions were made to the first day of the calendar month in which a determination thereof is to be made. Provided however, that such compounding shall commence from May 1st, 1972 for determinations being made in respect to contributions made prior to that date. The rate of interest used in compounding Credited Interest in any Plan Year shall be the average of the rate in effect on the first day of each month during the previous Plan Year for non-checking savings accounts administered by the Bank with which the Company transacts the majority of its banking business. Effective January 1, 1988, Credited Interest in respect to a Member's required contributions to the Plan shall be calculated on the basis of the yields of five-year personal fixed term chartered bank deposit rates, as determined from CANSIM B14045, published monthly in the Bank of Canada Review, averaged over a reasonably recent period, such averaging period not to exceed twelve (12) months. Interest shall be credited at the end of each Plan Year. The method of crediting interest for each Plan Year shall be as follows:

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

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

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Net Deferred Interest With respect to each Loan Group and any Distribution Date, the greater of (i) the excess, if any, of the Deferred Interest for the related Due Date over the aggregate amount of any principal prepayments in part or in full received during the related Prepayment Period and (ii) zero.

  • Related interests means the interests of a coastal State directly affected or threatened by a wreck, such as:

  • Contributed Interests has the meaning set forth in the recitals.

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

  • Offered Interest has the meaning set forth in Section 11.2.1.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Asset Interest is defined in Section 2.1(b).