Reserved interest definition

Reserved interest means an interest in real property retained by a party from a conveyance of the title to that property.
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Reserved interest means an interest in real property retained by a party from a conveyance of the title to that property. Resource values means any of the various commodity values or non-commodity values, such as wildlife habitat and aesthetics, contained within land interests, surface and subsurface. Secretary means the Secretary of Agriculture or the individual to whom responsibility has been delegated. Segregation means the removal for a limited period, subject to valid existing rights, of a specified area of the Federal lands from appropriation under the public land laws and mineral laws, pursuant to the authority of the Secretary of the Interior to allow for the orderly administration of the Federal lands. Statement of value means a written report prepared by a qualified appraiser in conformance with the minimum standards of the Uniform Standards of Professional Appraisal Practice that states the appraiser's conclusion(s) of value. § 254.3
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Reserved interest means an overriding royalty, a production payment, a royalty or any other form of interest that does not bear its proportionate share of the obligations and liabilities of the cost of production.
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Examples of Reserved interest in a sentence

  • Reserved interest means an interest in real property retained by a party from a conveyance of the title to that property.


More Definitions of Reserved interest

Reserved interest means all duties, obligations and liabilities of a Person, including payment and indemnity obligations, with respect to the Pledged Equity and Properties.
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Reserved interest means on Leases included in Exhibit A(i) of the PSA, an overriding royalty interest in and to each Lease reserved by ZAZA’s predecessor in interest pursuant to the Purchase and Sale Agreement by and between Blackstone Oil & Gas, LLC, et al. as Sellers and ZAZA as Buyer, being an overriding royalty interest equal to the positive difference between (a) 25% of 8/8* and (b) the lessor’s royalty burden; and as to any Additional Interest acquired by either Party pursuant to Article IV, an overriding royalty interest equal to the positive difference between (a) twenty-five percent (25%) of 8/8ths and (b) the lessor’s royalty burden, determined on a lease by lease basis; in no event, however, to ever be less than three percent (3%) of 8/8ths such that the Parties will acquire a maximum of seventy-five percent (75%) net revenue interest, but no less than a seventy-two percent (72%) net revenue interest in the additional Leases acquired in accordance with Section 3.2.
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Reserved interest means an interest in real property retained by a party from
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Related to Reserved 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:

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

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • 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

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

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

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

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • 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;

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

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

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

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Affiliated interest means a person or corporation as defined in RCW 80.16.010.