Reversionary Interest definition

Reversionary Interest means the right of the depart- ment to assume ownership of a property acquired with a grant under this chapter as specified in the grant contract, and under s.

Reversionary Interest means the right of the department to assume ownership of a property acquired with a grant under this chapter as specified in the grant contract, and under s. 23.096 (5), Stats.

Reversionary Interest reserved pursuant to the conveyance delivered at the First Closing is hereby released and dissolved. Whether or not the Second Closing occurs, the First Tranche shall be owned by Buyer and Seller shall have no right to require Buyer to reconvey the same to Seller, and except as otherwise provided in the Purchase Agreement or the JOA, Buyer shall be solely responsible for costs and liabilities associated with the First Tranche.

Examples of Reversionary Interest in a sentence

• Reversionary Interest: No determination of the underlying fee interest of the vacation area has been made as to title or reversionary interest.

• Reversionary Interest: No determinations of the underlying fee interest of the vacation areas have been made as to title or reversionary interest.

• Reversionary Interest: No determinations of the underlying fee interest of the vacation area has been made as to title or reversionary interest.

• If in connection with any such conveyance or permanent cessation of production pursuant to any Prior Reversionary Interest, Grantor receives compensation attributable to all or any portion of the Net Profits Interest (“Reversionary Compensation”), an amount equal to the Gross Reversionary Compensation shall be considered an Offset Amount for purposes hereof during the Payment Period in which Grantor receives the Reversionary Compensation.

• In the event that any Person notifies Assignor that, pursuant to a Prior Reversionary Interest, Assignor is required to convey any of the Subject Interests to such Person or cease production from any Well, Assignor may provide such conveyance with respect to such Subject Interest or permanently cease Production from any such Well.

More Definitions of Reversionary Interest

Reversionary Interest has the meaning set forth in Section 2.02(c).

Reversionary Interest has the meaning set forth in Section 5.8.

Reversionary Interest has the meaning specified in the definition of Excluded Assets.

Reversionary Interest is defined in Section 2.6(a).

Reversionary Interest is defined in Section 20(b).

Reversionary Interest means 20% of any deferred purchase price, payments, earn-out or similar rights that become due and payable to any of the Subject Companies with respect to the reversionary interest in accordance with paragraph 1 of the SMWI Purchase Agreement.

Reversionary Interest means the City’s reversionary interest in the Sewer Assets established in the Sewer Agreement.