Remainder Interest definition

Remainder Interest means ownership interest in property that will be inherited in full or jointly with other remainder interest holders at a life interest holder's death.

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Remainder Interest means land, or an interest or right in land, that is not to be acquired for a project, but that is under the ownership or control of a person who owns or controls a parcel.

Remainder Interest means an interest under which a trust beneficiary will receive property held by a trust outright at some time during the future; relative to a remainder interest:

Examples of Remainder Interest in a sentence

• Sellers hereby covenant and agree to execute and deliver such further instruments, if any, as may be reasonably required by Purchaser to transfer the Remainder Interest to Purchaser and acknowledge and agree that, in connection with the transfer of the Share Consideration to Sellers, Sellers shall become parties to the Stockholders’ Agreement.

• For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Sellers hereby assign, transfer and convey to Purchaser, effective as of the date hereof, all of the right, title and interest of Sellers in and to the Remainder Interest.

• Sellers are willing to transfer the Remainder Interest to Purchaser upon the terms and conditions hereinafter set forth.

• Remainder Interest shall accrue and be paid to the Holders upon the earliest date permitted under this Indenture.

• ALZ, in accordance with her retained powers under the Revocable Trust Agreement, does hereby request and instruct Purchaser: (i) to enter into this Agreement; (iii) to perform the acts required of Purchaser hereunder; and (iii) to retain the Remainder Interest as an asset of the Revocable Trust.

More Definitions of Remainder Interest

Remainder Interest means an interest under which

Remainder Interest means, with respect to a Purchased Loan and its related Transaction that is the subject of a Remainder Interest Transfer Notice, all right, title, interest and obligations that QRS Seller has under, in respect of and in connection with such Purchased Loan pursuant to the Transaction Documents and Purchased Loan Documents, including, without limitation, (i) all obligations to pay any amounts, including future advances of principal, under the Purchased Loan Documents, (ii) all obligations to repurchase such Purchased Loan under the Transaction Documents and to pay the Repurchase Price for such Purchased Loan on the Repurchase Date, (iii) all rights to declare the occurrence of an Early Repurchase Date and to repurchase such Purchased Loan under the Transaction Documents on such Early Repurchase Date pursuant to Section 3(d), (iv) all rights to receive income in respect of such Purchased Loan under Section 5, (v) all obligations to pay (A) Margin Deficit Amounts in respect of such Purchased Loan pursuant to Section 4, (B) Price Differential in respect of such Purchased Loan pursuant to Section 5, (C) Purchase Price Amortization Amount in respect of such Purchased Loan pursuant to Section 3(n), (D) Concentration Limit Amount in respect of such Purchased Loan pursuant to Section 3(o), and (E) all other amounts owing in respect of or in connection with such Purchased Loan, (vi) all rights to request Margin Excess with respect to such Purchased Loan pursuant to Section 4(b) and to request an advance of Future Funding Purchase Price with respect to such Purchased Loan pursuant to Section 3(c), and (vii) all (A) rights to payment, repayment, indemnification, reimbursement and defense accruing to the holder of a Purchased Loan pursuant to the Purchased Loan Documents, (B) security interests, including interests and rights of application with respect to any reserves held pursuant to the Purchased Loan Documents and (C) obligations accruing to the holder of a Purchased Loan (including but not limited to all obligations related to the return of reserve funds) accruing under the Purchased Loan Documents.

Remainder Interest means property which will be inherited in full at a life estate interest holder's death.

Remainder Interest. An estate that will take effect after the termination of a prior interest, such as after a life estate. Restriction: A limitation on the use of real property. Property restrictions fall into two categories- public and private. Zoning ordinances are examples of public type. Land trusts use private restrictions in the form of a covenant that specifies permitted and restricted uses. Restrictive Covenants: Limiting future use of the property through recorded conditions or restrictions. Right-of-First-Refusal: A recorded agreement that requires landowners, if they receive an offer to buy their land, to allow another entity, such as Green Acres, to match the offered price.

Remainder Interest means an interest for which a trust beneficiary will receive the property outright in the future;

Remainder Interest means the entire fee estate in the Property other than the Estate for Years, granted pursuant to deed by Lessee to Islandia Operators LLC, dated as of the Effective Date, the possessory estate under which will commence without further action immediately upon the Estate for Years Expiration Date (subject to this Lease and other Permitted Liens).

Remainder Interest means a future interest whereby 8