Seller’s Interest definition

Seller’s Interest means, at any time, a “seller’s interest” as defined in, and calculated in accordance with, Regulation RR.

Seller’s Interest means, as of any date of determination, the result of (a) the sum of the aggregate amount of Principal Receivables and the principal amount of any Participations held by the Issuer as of such date of determination, plus (b) the aggregate amount of Principal Collections on deposit in the Collection Account as of such date of determination, minus (c) the aggregate of the principal balances of all outstanding Notes issued by the Issuer as of such date of determination.

Seller’s Interest shall have the meaning specified in Section 4.01.

Examples of Seller’s Interest in a sentence

• The Issuer shall cause the Master Servicer to include the amount of the Seller’s Interest as of the Seller’s Interest Measurement Date on each investor certificateholder’s monthly statement delivered pursuant to the Series 2007-CC Supplement.

• The Issuer shall cause the Master Servicer to include the amount of the Seller’s Interest as of the Seller’s Interest Measurement Date on each investor certificateholder's monthly statement delivered pursuant to the Series 2007-CC Supplement.

• If the Seller’s Interest is less than 5% as of any Seller’s Interest Measurement Date, the Administrator shall then deliver to the Indenture Trustee, in conformity with Section 5(c)(4)(ii) of the risk retention rules promulgated under Regulation RR, a statement no later than one month after such Seller’s Interest Measurement Date as to whether the Seller’s Interest in respect of the Issuer as of the Seller’s Interest Measurement Date occurring on such Payment Date is equal to at least 5%.

• On the Effective Date, Seller shall sell, assign, and transfer to Buyer all of the Seller’s Interest in the Company, and Buyer shall purchase, acquire, and accept the Seller’s Interest from Seller, all upon the terms and conditions set forth in this Agreement.

• If the Purchaser has elected to have the Seller convey the Seller’s Interest to a designee or nominee of the Purchaser, the Company shall thereafter continue.

More Definitions of Seller’s Interest

Seller’s Interest means the interests owned or controlled by Seller set forth in Exhibit "B" in and to the Subject Leases (which if not stated in Exhibit "B" shall be deemed an 100 percent working interest), and any and all additional right, title, interest or claim of every kind and character of Seller in the Subject Leases, the area shown on Exhibit "A," and the production therefrom, together with any pool, communitized area or unit, and all interests in any xxxxx, whether now existing or drilled hereafter, on or completed within any such Subject Lease, or within any such pool, communitized area or unit, including those described in Exhibit "B," even though Seller's Interest may be incorrectly or incompletely stated, all as the same shall be enlarged by the discharge of any burdens or by the removal of any charges or encumbrances to which any of same may be subject as of the Effective Date, and any and all replacements, renewals and extensions or amendments of any of the same.

Seller’s Interest means the aggregate total of the Seller’s Percentages.

Seller’s Interest is defined in the Pooling and Servicing Agreement.

Seller’s Interest an amount equal to the subordinated participating interest in the Purchased Receivables purchased by the Seller (i) pursuant to subsection 2.4(a) and subject to the terms of subsection 2.4(b), (ii) pursuant to subsection 2.5(a) and subject to the terms of subsection 2.5(b) and (iii) after the occurrence of a Rating Event or Discount Event, pursuant to subsection 2.6(b) and subject to the terms of subsection 2.6(c).

Seller’s Interest means, as of any date of determination, the excess of (a) the Net Pool Balance as of such date of determination over (b) the Aggregate Adjusted Note Balance as of such date of determination.

Seller’s Interest means all of Seller's right, interest, title and estate, whether absolute or contingent, legal or beneficial.

Seller’s Interest means, on or prior to the 1995 Trust Termination Date, the Master Trust Seller’s Interest as defined in the 1995 Pooling and Servicing Agreement and, after the 1995 Trust Termination Date, the Seller’s Interest as defined in the Pooling and Servicing Agreement.