TIC Interest definition

TIC Interest means a tenant in common interest.
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TIC Interest shall have the meaning set forth in the preambles to this Agreement.
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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

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.

  • Private PlacementsYearPrivate Placements, Total Issuance CostsPublic Offerings, Total Issuance CostsPrivate Placements, TIC Interest RatePublic Offerings, TIC Interest Rate2012$116,020$369,5985.63%2.52%2013$122,250$334,9734.62%2.97%2014$94,062$430,7406.12%2.85%2015$85,347$392,4956.03%3.09%2016$100,178$412,8715.81%2.74%(Source: CDIAC, http://www.treasurer.ca.gov/cdiac/debt.asp)Table 3a.

  • Other income reflects management fees earned for managing the TIC Interest.

  • Seller is the sole record and beneficial owner of the TIC Interest.

  • Although Herald is the entity to which both Petitioner’s TIC Interest and SLG’s TIC Interest were to be conveyed, under the TIC Contribution Agreement only the conveyance by Petitioner (and not the conveyance by SLG) had to satisfy certain title requirements.

  • Any other items of revenue, operating expenses or other items which are customarily prorated between a transferor and transferee of real estate in the county in which the Property is located shall be prorated at the Closing, in each case to the extent Seller is entitled to or responsible for any such item by virtue of the TIC Interest.

  • 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.

  • BRGF SPE and the Company agree to execute any reasonably necessary amendments to the Property Management Agreement and the Development Agreement as may be requested by any of the parties thereto, to reflect the transfer of the TIC Interest and the assumption of the Property Management Agreement and the Development Agreement by BRGF SPE.

  • Screens to the front section should be maintained at a lower height and should be clear to reduce the impact on the streetscene.


More Definitions of TIC Interest

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

  • 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.

  • 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:

  • 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.

  • 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.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.