Equitable Interest Sample Clauses

Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related Trust.
Equitable Interest permit any person other than the Beneficiaries to have any equitable or beneficial interest in any of its assets or undertakings or any interest, estate, right, title or benefit therein;
Equitable Interest knowingly permit any person other than the Beneficiaries to have any equitable or beneficial interest in any of its assets or undertakings or (to the extent that it is within the control of the Mortgages Trustee) the Trust Property or any interest, estate, right, title or benefit therein;
Equitable Interest permit any person other than itself and the Master Issuer Security Trustee (as to itself and on behalf of the Master Issuer Secured Creditors) to have any equitable or beneficial interest in any of its assets or undertakings or any interest, estate, right, title or benefit therein;
Equitable Interest. 49. The Claimant in her re-amended statement of case has claimed an equitable interest in the property based on her detrimental reliance on the promises of Xx. Xxxx in respect of the lands. This promise, the Claimant claims, was that although Xx. Xxxx was not authorised to sell the lands, she would allow the Claimant to build a house on the property that she could live in as long as she paid the rents of $100 per year.
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to the Group 4 MBS to the Trust, the Issuer intends that the Trust Agreement nevertheless will operate to transfer the entire equitable ownership interest in and to the Group 4 MBS to the Trustee.
Equitable Interest. The SPE will not permit any person to have any equitable or beneficial interest in any of its assets or undertakings or any interest, estate, right, title or benefit therein, except as contemplated in the Transaction Documents.

Related to Equitable Interest

  • VARIABLE INTEREST RATE The interest rate on this Note is subject to change from time to time based on changes in an independent index which is the British Bankers Association (BBA) LIBOR and reported by a major news service selected by Lender (such as Reuters, Bloomberg or Moneyline Telerate). If BBA LIBOR for the one month period is not provided or reported on the first day of a month because, for example, it is a weekend or holiday or for another reason, the One Month Libor Rate shall be established as of the preceding day on which a BBA LIBOR rate is provided for the one month period and reported by the selected news service (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon Borrower’s request. The interest rate change will not occur more often than each first day of each calendar month. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.089% per annum. The interest rate to be applied to the unpaid principal balance of the Note will be at a rate of 0.750 percentage points over the Index, resulting in an initial rate of 3.839% per annum. NOTICE: Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by applicable law.

  • Consolidation of Variable Interest Entities All references herein to consolidated financial statements of the Borrower and its Subsidiaries or to the determination of any amount for the Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein.