Secure Legal Interest definition

Secure Legal Interest means the Grant Recipient has in respect of the Site:
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Secure Legal Interest means the Relevant Consortium Member has in respect of the Site:
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Secure Legal Interest means the Grant Recipient has in respect of the Properties:
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Examples of Secure Legal Interest in a sentence

  • The parties acknowledge and agree that it is a condition precedent to the Grant Recipient making any claim for Firm Scheme Grant under this Clause 14 (Grant Claim Procedures) that with respect to the relevant Firm Scheme: the Acceptance Date has passed; and the Grant Recipient possesses a Secure Legal Interest and the parties acknowledge and agree that for the purposes of this Clause 14.1.2 (Grant Claim Procedures), a Contractual Interest shall be disregarded and of no effect.

  • The Grant Recipient must have a Secure Legal Interest in the units identified in the Firm Scheme Details.

  • The Grant Recipient possesses or will possess a Secure Legal Interest in each Site.


More Definitions of Secure Legal Interest

Secure Legal Interest means the Grant Recipient has in respect of the Site: freehold title registered with title absolute; leasehold title (where the lease has at least 60 years unexpired duration) registered with title absolute; freehold title registered with possessory title or good leasehold title and in each case defective title indemnity insurance in favour of the Grant Recipient with a limit of indemnity to at least the Total Grant for that Site; or a binding contract with the owner of the legal and beneficial interest in the Site (owning either a freehold interest or leasehold interest of at least sixty (60) years unexpired duration) to secure one of the interests in (a) to (c) and that, securing that interest is conditional only upon matters that are within the direct and unilateral control of the Grant Recipient.
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Secure Legal Interest means the Grant Recipient has in respect of the Site: in the case of a P&D Scheme, a Secure Legal Interest (P&D); and in the case of a L&R Scheme, a Secure Legal Interest (L&R); Secure Legal Interest (L&R) means the Grant Recipient has in respect of the Site: a leasehold title where the lease has less than 60 years unexpired duration, registered with title absolute or registered with good leasehold title and in the latter case defective title indemnity insurance in favour of the Grant Recipient with a limit of indemnity to at least the Firm Scheme Grant for that Site; or a lease of between five and seven years unexpired duration; Secure Legal Interest (P&D) means the Grant Recipient has in respect of the Site: freehold title registered with title absolute; leasehold title (where the lease has at least 60 years unexpired duration) registered with title absolute; freehold title registered with possessory title or leasehold title registered with good leasehold title (where the lease has at least 60 years unexpired duration) and in each case defective title indemnity insurance in favour of the Grant Recipient with a limit of indemnity to at least the Firm Scheme Grant for that Site; or a binding contract with the owner of the legal and beneficial interest in the Site to secure one of the interests in limbs (a) to (c) and that securing that interest is conditional only upon the matters that are within the direct and unilateral control of the Grant Recipient;
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Secure Legal Interest means the Developer or the Landlord has in respect of the Site:
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Secure Legal Interest means the Provider has in respect of the Site:
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Secure Legal Interest means the Provider has or will have in respect of the Eligible Dwelling:
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Secure Legal Interest means the Relevant Consortium Member has in respect of the Site: in the case of a P&D Scheme, a Secure Legal Interest (P&D); and in the case of a L&R Scheme, a Secure Legal Interest (L&R); Secure Legal Interest (L&R) means the Relevant Consortium Member has in respect of the Site: a leasehold title where the lease has less than 60 years unexpired duration, registered with title absolute or registered with good leasehold title and in the latter case defective title indemnity insurance in favour of the Relevant Consortium Member with a limit of indemnity to at least the Firm Scheme Grant for that Site; or a lease of between five and seven years unexpired duration; Secure Legal Interest (P&D) means the Relevant Consortium Member has in respect of the Site: freehold title registered with title absolute; leasehold title (where the lease has at least 60 years unexpired duration) registered with title absolute; freehold title registered with possessory title or leasehold title registered with good leasehold title (where the lease has at least 60 years unexpired duration) and in each case defective title indemnity insurance in favour of the Relevant Consortium Member with a limit of indemnity to at least the Firm Scheme Grant for that Site; or a binding contract with the owner of the legal and beneficial interest in the Site to secure one of the interests in limbs (a) to (c) and that securing that interest is conditional only upon the matters that are within the direct and unilateral control of the Relevant Consortium Member; Security means a mortgage charge pledge lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect (such as a sale or lease and leaseback a blocked account set off or similar "flawed asset" arrangement);
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Related to Secure Legal Interest

  • Financial Interest means either:

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • 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.

  • Capital Interests means any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership.

  • Significant Financial Interest means anything of monetary value, including but not limited to, salary or other payments for services (e.g., consulting fees or honoraria); equity interests (e.g., stocks, stock options or other ownership interests); and intellectual property rights (e.g., patents, copyrights, license agreements, and royalties from such rights). The term does not include:

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.