Series Ownership Interest definition

Series Ownership Interest means any Series (as such term is defined in the Pooling and Servicing Agreement);
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Series Ownership Interest means, with respect to any Series, the Ownership Interest to be purchased by the Trust with the sale proceeds of the Notes issued to fund such Series.
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Series Ownership Interest has the meaning ascribed to such term in Section 3.2(a).
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Examples of Series Ownership Interest in a sentence

  • In respect of each Series Ownership Interest acquired by the Trust pursuant to the Pooling and Servicing Agreement and the related Series Purchase Agreement, the Trust shall not give any notice or Co- Owner Direction contemplated by the Pooling and Servicing Agreement or the related Series Purchase Agreement, except where it has been directed to do so in writing by the Indenture Trustee, or it is required to do so pursuant to the terms of a Programme Agreement, including any Related Supplement.

  • The Invested Amount As indicated above, the Trust’s proportionate interest in the Account Assets under any Series Ownership Interest will be calculated by reference to the Invested Amount of the related Series.

  • Series Ownership Interests Description Each Series Ownership Interest includes an undivided co-ownership interest in the Account Assets.

  • As the purchaser of a Series Ownership Interest, the Trust will be entitled to receive a portion of the Collections, and will bear a share of the Written-Off Amounts, as more particularly described below.

  • In respect of each Series Ownership Interest acquired by the Trust pursuant to the Pooling and Servicing Agreement and the related Series Purchase Agreement, the Trust shall not give any notice or Co-Owner Direction contemplated by the Pooling and Servicing Agreement or the related Series Purchase Agreement, except where it has been directed to do so in writing by the Indenture Trustee, or it is required to do so pursuant to the terms of a Programme Agreement, including any Related Supplement.

  • Subject to the payment of certain priority amounts, the Series Senior notes have recourse on a priority basis to the related Series Ownership Interest.

Related to Series Ownership Interest

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • 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.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

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

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

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

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

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

  • 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 LP Units means the Class A limited partnership units of the Partnership.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Class B Interests As set forth in the Trust Agreement.

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