Remaining Offered Interests definition

Remaining Offered Interests shall have the meaning specified in Section 2.8(d).
Sample 1Sample 2Sample 3
Remaining Offered Interests as used herein shall mean (A) with respect to the Primary Right, the total number of Offered Interests less the number of Offered Interests, if any, which the Company elects to purchase pursuant to Subsection 9.2(b) hereof, in the event the Company elects to purchase some but less than all of the Offered Interests; provided that in the event the Company elects to purchase all of the Offered Interests pursuant to Subsection 9.2(a) hereof, the number of Remaining Offered Interests shall be equal to zero; and (B) with respect to the Secondary Right, the total number of Offered Interests less the number of Offered Interests which the Company elects to purchase pursuant to Subsection 9.2(b) hereof and less the number of Remaining Offered Interests the Members elect to purchase pursuant to their Primary Right.
Sample 1Sample 2

Examples of Remaining Offered Interests in a sentence

  • No Remaining Offered Interests shall be made available for purchase by any non-Member pursuant to the remaining provisions of this Section 7.2.1 unless and until all Super Participating Members shall have had an opportunity to purchase all Remaining Offered Interest in accordance with the provisions of this Section 7.2.1(c).

  • Section 3.5.2 Remaining Offered Interests .......................................................................

  • To the extend the procedure described in the preceding sentence does not result in the purchase of all Remaining Offered Interests, such procedure shall be repeated until there are no Remaining Offered Interests or until the maximum requests specified in the Matching Offer of all of the Super Participating Members have been fulfilled.

Related to Remaining Offered Interests

  • Offered Interests has the meaning set forth in Section 8.5(a).

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

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

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • 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:

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

  • 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.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Unsubscribed Shares means the Rights Offering Shares that have not been duly purchased by the Rights Offering Participants in accordance with the Rights Offering Procedures and the Plan.

  • Proposed Transfer Notice means written notice from a Key Holder setting forth the terms and conditions of a Proposed Key Holder Transfer.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Selling Member has the meaning set forth in Section 10.5(a).

  • Offered Units shall have the meaning set forth in Section 11.1 hereof.

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a Tender in accordance with this Agreement, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully remarketed pursuant to a Remarketing, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully remarketed pursuant to a Remarketing or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Remaining Members has the meaning set forth in Section 11.2.

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

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Offered Securities shall have the meaning specified in Section 5.03(b)(ii)(B).

  • New Securities means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for such equity securities.

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • pre-emptive offer means an offer of equity securities open for acceptance for a period fixed by the Directors to holders (other than the Company) on the register on a record date fixed by the Directors of ordinary shares in proportion to their respective holdings but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to treasury shares, fractional entitlements, record dates or legal, regulatory or practical problems in, or under the laws of, any territory;