Examples of Subsidiary Interests in a sentence
All issued and outstanding Subsidiary Interests have been duly authorized and issued and none of the Subsidiary Interests or other legal, beneficial or economic interests in the Joint Venture Entities or the Subsidiaries are or have ever been certificated.
If following the occurrence and during the continuation of an Event of Default any sums of money or property so paid or distributed in respect of the REO Subsidiary Interests shall be received by a Seller, such Seller shall, until such money or property is paid or delivered to the Buyer, hold such money or property in trust for the Buyer segregated from other funds of the Sellers, as additional security for the Obligations.
After the initial Purchase Date, as part of separate Transactions, a Seller may request and the Buyer will fund, subject to the terms and conditions of this Agreement, an increase in the Purchase Price for the REO Subsidiary Interests based upon the acquisition of additional REO Property by the REO Subsidiary.
The delivery of the UK Subsidiary Interests shall take place upon consummation of the Reconciliation or other Transfer at the location where Closing took place, or at such other place as shall be mutually agreed to by the parties hereto.
On the initial Purchase Date, Buyer will purchase the REO Subsidiary Interests from the applicable Seller in connection with the initial Transaction.