Undivided Ownership Interest definition

Undivided Ownership Interest in the “Existing Units” under and as those terms are defined in the Nuclear Managing Board Agreement, (8) the rights and obligations of the Grantor in its capacity as “Participant” with respect to an “Undivided Ownership Interest” in “Plant Hatch” under and as those terms are defined in the Nuclear Managing Board Agreement, and (9) the rights and obligations of the Grantor in its capacity as “Participant’s Agent” as agent for the other “Participants” in accordance with the “Participation Agreements” under and as those terms are defined in the Nuclear Managing Board Agreement; (10) Grantor’s “Ownership Interest” in the “Existing Units” as those terms are defined in the Operating Agreement; (11) Grantor’s “Undivided Ownership Interest” in the “Existing Units” as those terms are defined in the Nuclear Managing Board Agreement; (12) Grantor’s “Ownership Interest” in “Plant Hatch” as those terms are defined in the Nuclear Managing Board Agreement; and (13) the rights and obligations of the Grantor as “Agent” under the Development Agreement.
Sample 1
Undivided Ownership Interest means the interest each Participant owns as a tenant in common with the other Participants in Each Plant. 1.41 "Willful Misconduct" shall have the meaning assigned in Section 7.2 hereof.
Sample 1
Undivided Ownership Interest means the interest each Participant owns as a tenant in common with the other Participants in Each Plant. As of the Effective Date, the Undivided Ownership Interest of each of the Participants in Plant Hatch and the Existing Units is as follows: Participant Plant Hatch Existing Units GPC 50.1 % 45.7 % OPC 30.0 % 30.0 % MEAG 17.7 % 22.7 % Dalton 2.2 % 1.6 % The Undivided Ownership Interest, if any, of each of the Participants in the Additional Units will be the Weighted Ownership Interest in the Additional Units (as defined in the Additional Units Ownership Agreement) determined from time to time as set forth in the Additional Units Ownership Agreement and the Development Agreement. The Undivided Ownership Interest, if any, of each of the Participants in an Additional Unit will be the Ownership Interest (as defined in the Additional Units Ownership Agreement) in such Additional Unit determined from time to time as set forth in the Additional Units Ownership Agreement and the Development Agreement.
Sample 1

Examples of Undivided Ownership Interest in a sentence

  • Appellants did not appeal the trial court’s order of consolidation.Sub-Class 2: Persons or Entities, other than Defendants, who owned an Undivided Ownership Interest modification in Erie Islands Resorts where annual fees and expense reimbursements were set or “frozen” and who paid a reimbursement, charge or assessment to Defendant(s) in excessof the set, or “frozen”, annual reimbursement expense, charge or assessment, on or after April 9, 1995.

  • The election of Registrant councillors, including the president of the Council, must be by paper ballot or electronic ballot, as determined by the Council.

  • Sub-Class 3: Person or Entities, other than Defendants, who owned an Undivided Ownership Interest “Priority Gold” modification in ErieIslands Resorts.

  • The PSCW had originally approved the venture in its Final Decision, Application of Wisconsin Electric Power Company to Transfer an Undivided Ownership Interest in its Presque Isle Power Plant, Located in the City of Marquette, Marquette Cnty., Mich.

  • If at any time all Participants do not have Undivided Ownership Interests in Each Plant, then action taken (including any votes or reviews) by the Nuclear Managing Board with respect to any such plant shall only be taken by the Participants with an Undivided Ownership Interest in such plant.

  • Exhibit A 29 Legal Description 29 Exhibit B 30 Undivided Ownership Interest 30 Exhibit C 31 Bylaws of Shadowridge Condominium Association, Inc.

  • Consequently, the indicator on that dimension should be more important than indicators that have received less input, as it can help structure the collaboration in one of the most difficult aspects of the collaboration in that municipality.

  • Exhibit A 28 Legal Description 28 Exhibit B 29 Undivided Ownership Interest 29 Exhibit C 30 Bylaws of Springbrook Villas Condominiums Owners Association, Inc.

Related to Undivided Ownership Interest

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

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

  • Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.

  • 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.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • 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.

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

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

  • Voting Interest With respect to any provisions hereof providing for the action, consent or approval of the Holders of all Certificates evidencing specified Voting Interests in the Trust Estate, the Holders of each Class of Certificates will collectively be entitled to the then applicable percentage of the aggregate Voting Interest represented by all Certificates equal to the ratio obtained by dividing the Principal Balance of such Class by the sum of the Class A Principal Balance and the Class B Principal Balance. Each Certificateholder of a Class will have a Voting Interest equal to the product of the Voting Interest to which such Class is collectively entitled and the Percentage Interest in such Class represented by such Holder's Certificates. With respect to any provisions hereof providing for action, consent or approval of each Class of Certificates or specified Classes of Certificates, each Certificateholder of a Class will have a Voting Interest in such Class equal to such Holder's Percentage Interest in such Class.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • 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.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

  • Participating Interest is defined in Section 1.2(d) hereof.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

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

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

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

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

  • 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.

  • Aggregate Voting Interests The aggregate of the Voting Interests of all the Certificates under this Agreement.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

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