TIC Interest definition

TIC Interest means a tenant in common interest.
Sample 1Sample 2
TIC Interest means that certain tenant-in-common interest in the TIC Property owned by Sunny Ridge MHP LLC, a Florida limited liability company.
Sample 1
TIC Interest means the Company's undivided 60.0% tenant-in-common interest in the Property.
Sample 1

Examples of TIC Interest in a sentence

  • However, the Company became the manager of 5042 Real Estate Investment LLC which acquired 42.93% of the TIC Interest and the remaining 7.07% was acquired by a related party to senior management of the Company.

  • As part of the transaction, the Company no longer has an equity interest in the TIC Interest.

  • The Parties acknowledge that, to the extent required, the consent of the holder of the Existing Loan to the Redemption and the transfer of the TIC Interest has been obtained by the Company.

  • Assignee hereby accepts the assignment of the Lease TIC Interest and the Security Deposits subject to the terms and conditions hereof, and from and after the date hereof, Assignee hereby assumes and shall be jointly and severally liable with Assignor in accordance with the terms of that certain Tenancy In Common Agreement between the parties of even date herewith for those obligations imposed on the lessor or landlord under the Lease, which obligations first arise or accrue after the date hereof.

  • Wingfoot shall convey Wingfoot’s TIC Interest, and shall cause that portion of Wingfoot’s TIC Interest conveyed to a third-party, if any, to be conveyed to Greeley, free and clear of all liens and encumbrances except for Permitted Exceptions, by executing the forms attached hereto as Exhibit Q (the “Tenancy in Common Conveyance Documents”).

  • Seller does not own any interest in the Property other than through the TIC Interest.

  • At the Closing, AHC Exchange Entity II will have good and marketable title to the X2 Conveyed TIC Interest, free and clear of all liens, encumbrances, charges and other claims but subject in each case to the applicable Liens and Leases.

  • At the Closing, the Company shall pay Bxxxx, Figa & Will, P.C., the legal fees and expenses incurred by the Purchaser in connection with the Transaction Documents.

  • To the extent that any such costs and expenses are not taken into account in calculating the TIC Interest to be conveyed to the BRGF SPE pursuant to this Agreement or otherwise reimbursed by the Company as part of the transfer of the TIC Interest, such costs and expenses shall be payable after the closing of the transfer of the TIC Interest promptly upon receipt by the Company of a written statement from BRGF setting forth in reasonable detail the costs and expenses to be paid pursuant to this Section 9.

  • Within two (2) business days after the date of this Agreement, Seller shall cause to be delivered to Purchaser a preliminary title report for title insurance on the TIC Interest or the TIC Interest in the Land, issued by Title Company ("Title Report"), together with copies of all items shown as exceptions to title therein.


More Definitions of TIC Interest

TIC Interest means the undivided interest of a TIC in real property.
Sample 1
TIC Interest means the following undivided interests in the Crescent Property: (a) an undivided 89.53% interest owned by SYN-Ridge, LLC; and (b) an undivided 10.47% interest owned by SAH Ridge, LLC.
Sample 1
TIC Interest shall have the meaning set forth in the preambles to this Agreement.
Sample 1

Related to TIC Interest

  • 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.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

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

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • 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.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

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

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

  • Water interest means any right to the beneficial use of water, including:

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Public interest means that which is beneficial to the public as a whole, including but not limited to increasing competition among abstractors, encouraging the use of title guaranties throughout the state, making title guaranties more competitive than out-of-state title insurance, increasing the division’s market share, improving the quality of land titles, protecting consumers, and encouraging maximum participation by participating abstractors and participating attorneys physically located in all 99 counties. “Waiver” or “variance” means an action by the division which suspends in whole or in part the requirement of the use of a current tract index described in Iowa Code Supplement section 16.91(5) as

  • 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 R-III Interest The uncertificated Residual Interest in REMIC III.

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

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

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

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.