Trinidad Interest definition

Trinidad Interest. (a) the capital stock or other equity interests of the Borrower or its Subsidiaries in MCHI, MissChem (Barbados) SRL, MissChem Trinidad Limited, FMCL, and/or any other Person that at any time owns an equity interest in any of the foregoing, and (b) any interest, direct or indirect, of the Borrower or its Subsidiaries in any rights or Property of FMCL, and (c) the equity interests of the Borrower in FMCL LLC.
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Trinidad Interest means (a) the capital stock or other equity interests of the Borrower or its Subsidiaries in Mississippi Chemical Holdings, Inc., a British Virgin Islands corporation, MissChem (Barbados) SRL, a Barbados Society with Restricted Liability, MissChem Trinidad Limited, a Trinidad corporation, Farmland MissChem Limited, a Trinidad corporation, and/or any other Person that at any time owns an equity interest in any of the foregoing, and (b) any interest, direct or indirect, of the Borrower or its Subsidiaries in any rights or Property of Farmland MissChem Limited, a Trinidad corporation.
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Trinidad Interest means (a) the capital stock or other equity interests of the Borrower or its Subsidiaries in MCHI, MissChem (Barbados) SRL, MissChem Trinidad Limited, PLNL, and/or any other Person that at any time owns an equity interest in any of the foregoing, and (b) any interest, direct or indirect, of the Borrower or its Subsidiaries in any rights or Property of PLNL or FMCL LLC not otherwise described in this definition, (c) the equity interests of the Borrower in FMCL LLC and (d) the Offtake Agreement.
Sample 1

Examples of Trinidad Interest in a sentence

  • Notwithstanding anything to the contrary contained herein, the Collateral shall not include the Trinidad Interest or any proceeds thereof.

  • On any date that such amounts are due and payable and have been requisitioned in accordance with SECTION 3.2(b)(iii) (Withdrawals from the Trinidad Revenue Account), the Depositary Bank shall, subject to the last proviso of such SECTION 3.2(b)(iii), withdraw the monies on deposit in the Trinidad Interest Account and remit such monies to the Persons entitled thereto for the payment of such interest.

  • Monies on deposit in the Trinidad Additional Reserve Account shall be used for the payment of principal and interest due on the Trinidad Project Loan and Trinidad Loan (without duplication) in the event that amounts on deposit in the Trinidad Interest Account or Trinidad Principal Account, as applicable, the Debt Service Reserve Account or the Trinidad Distribution Suspense Account are insufficient to make such payments.

  • Finance Parties, the Collateral Agent and the Depositary Bank hereby acknowledge that amounts paid by the Trinidad Finance Parties and transferred to the Trinidad Interest Account pursuant to the terms hereof and applied by the Depositary Bank for payment of interest owed from time to time on the Securities shall reduce the amount of interest owed with respect to the Trinidad Project Note and Trinidad Loan by such amount.

Related to Trinidad Interest

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

  • 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.

  • Month End Interest As defined in each Servicing Agreement.

  • Purchased Interest means, at any time, the undivided percentage ownership interest in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage interest shall be computed as:

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

  • 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.

  • 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.

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

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

  • Asset Interest is defined in Section 2.1(b).

  • Carried Interest means an equity interest in the Partnership issued to a Person without consideration, in the form of cash or tangible property, in an amount proportionately equivalent to that received from the Participants.

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

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • 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.

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Related interests means the interests of a coastal State directly affected or threatened by a wreck, such as:

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

  • Accreted Interest Interest accrued on a Loan that is added to the principal amount of such Loan instead of being paid as it accrues.

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

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