Series Interest definition

Series Interest shall have the meaning set forth in Section 4.1(a) of the Titling Trust Agreement.

Series Interest has the meaning set forth in the Titling Company Agreement.

Series Interest has the meaning specified in Section 4.1(a).

Examples of Series Interest in a sentence

• Any Paying Agent shall have the revocable power to withdraw funds from the Series Distribution Accounts, the Series Interest Funding Accounts and the Series Principal Funding Accounts for the purpose of making the distributions referred to above.

• For example, New York, an investment company can be formed as a Series LLC where each investment the company operates is associated with a separate Series Interest.

• The Trustee shall establish within the Debt Service Fund pursuant to a Supplemental Indenture, a Series Principal Account, a Series Interest Account and, if applicable, a Series Sinking Fund Account for each Series of Bonds and a Series Capitalized Interest Account, which accounts shall be separate and apart from all other Funds and Accounts established under the Indenture and from all other moneys of the Trustee.

• The Trustee at all times shall make available to any Paying Agent the funds in the Series Principal Account and the Series Interest Account of the Debt Service Fund to pay the principal of the applicable Series of Bonds as they mature upon surrender thereof and the interest on the applicable Series of Bonds as it becomes payable, respectively.

More Definitions of Series Interest

Series Interest means, with respect to a Member, such Member’s equity interest in the assets and liabilities of a particular Series (and not any interest such Member may have as the holder of debt).

Series Interest means a separate series of limited liability company interests in the Titling Company established and formed pursuant to the Titling Company Agreement, as supplemented by a Series Supplement.

Series Interest is defined in Section 4.1 of the Pooling Agreement.

Series Interest means, with respect to a Series, the limited liability company interest of a Member at any particular time, including the right of such Member to any and all benefits to which such Member may be entitled as provided in this Agreement, the relevant Series Operating Agreement and in the Act, together with the obligations of such Member to comply with all the terms and provisions of this Agreement, the relevant Series Operating Agreement and the Act.

Series Interest is defined in SECTION 4.1 of the Pooling Agreement.

Series Interest means an interest in a Series issued by the Company that evidences the Company’s rights, powers and duties with respect to such Series pursuant to this Agreement and the Delaware Act.

Series Interest. With respect to any Member: (a) that Member’s status as a Member of a Series; (b) that Member’s share of the income, gain, loss, deduction and credits of, and the right to receive distributions from, such Series; (c) any Priority Interest to which such Member is entitled; (d) all other rights, benefits and privileges enjoyed by that Member (under the Act, this Agreement or otherwise) in its capacity as a Member of such Series, including that Member’s rights, if any, to vote, designate any Representative(s) or Administrator(s), consent and approve and otherwise to participate in the management of such Series, including any right to do so through the Board of Managers or any Administrative Committee; and (e) all obligations, duties and liabilities imposed on that Member (under the Act, this Agreement or otherwise) in its capacity as a Member of such Series, including any obligations to make Series Capital Contributions with respect to such Series.