Purchase of Ownership Interests Sample Clauses

Purchase of Ownership Interests. Each A Percentage Lease ------------------------------- Participant and each B Percentage Lease Participant severally agrees with the Lessor, on the terms and conditions of this Agreement, up to the amount of its A Percentage Lease Participant Commitment or B Percentage Lease Participant Commitment, respectively to purchase A Percentage Lease Ownership Interests and/or B Percentage Lease Ownership Interests, as the case may be, from the Lessor by making Lease Participant Advances to the Lessor during the period from and including the later of (1) the Initial Funding Date or (2) the date such Lease Participant becomes a party to this Agreement as provided in Section 11.06(b), up to and including the Completion Date, in an aggregate amount equal to such Lease Participant's A Percentage Share and/or B Percentage Share, as the case may be, as shown on the most current Ownership Certificate; provided, -------- however, that the aggregate principal amount of all Lease Participant Advances ------- by all Lease Participants under this Section 2.01(a) at any one time outstanding shall not exceed the lesser of (y) 97% of the Facility Cost as incurred or invoiced or (z) the sum of the aggregate A Percentage Lease Participant Commitments plus the aggregate B Percentage Lease Participant Commitments. All Lessor Advances and Lease Participant Advances shall be made so as to satisfy the Required Percentage Composition.
Sample 1
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Purchase of Ownership Interests. Purchases of the Series 2022 Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Series 2022 Bonds on DTC’s records. The ownership interest of each actual purchaser of each Series 2022 Bond (a “Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase, but Beneficial Owners are expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through whom such Beneficial Owners entered into the transaction. Transfers of ownership interests in the Series 2022 Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the Series 2022 Bonds, except as specifically provided in the Indenture in the event that use of the book-entry-only system is discontinued. Payments of Principal, Premium, if any, and Interest. Redemption proceeds, principal, tender price and interest payments on the Series 2022 Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts, upon DTC’s receipt of funds and corresponding detail information from the Trustee on the payable date in accordance with their respective holdings shown on DTC’s records. Payments by Direct and Indirect Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with municipal securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, the Trustee or the Authority, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, principal, and interest payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the Trustee, disbursement of such payments to Direct Participants shall be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners shall be the responsibility of Direct and Indirect Participants.
Sample 1
Purchase of Ownership Interests. Each Lease Participant severally agrees with the Lessor and the Company, on the terms and conditions of this Agreement, up to the amount of its Lease Participant Commitment, to purchase Ownership Interests from the Lessor by making Lease Participant Advances to the Lessor during the period from and including the later of (1) the Initial Funding Date or (2) the date such Lease Participant becomes a party to this Agreement as provided in Section 11.06(b), up to and including the Completion Date, in an aggregate amount equal to such Lease Participant's Percentage Share, as shown on the most current Ownership Certificate; provided, however, that the aggregate principal amount of all Lease Participant Advances by all Lease Participants under this Section 2.01(a) at any one time outstanding shall not exceed the lesser of (y) ninety-seven percent (97%) of the Facility Cost as incurred or invoiced or (z) the sum of the aggregate Lease Participant Commitments. All Lessor Advances and Lease Participant Advances shall be made so as to satisfy the Required Percentage Composition.
Sample 1

Related to Purchase of Ownership Interests

  • Protection of Ownership Interests of Buyer (a) Each Originator agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary, or that Buyer (or its assigns) may reasonably request, to perfect, protect or more fully evidence the interest of Buyer hereunder and the Receivable Interests, or to enable Buyer (or its assigns) to exercise and enforce their rights and remedies hereunder. At any time, Buyer (or its assigns) may, at such Originator's sole cost and expense, direct such Originator to notify the Obligors of Receivables of the ownership interests of Buyer under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to Buyer or its designee.

  • Protection of Ownership Interests of the Purchasers (a) Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take all actions, that may be necessary or desirable, or that the Agent may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests, or to enable the Agent or the Purchasers to exercise and enforce their rights and remedies hereunder. After the occurrence of an Amortization Event, the Agent may, or the Agent may direct Seller or the Servicer to, notify the Obligors of Receivables, at Seller's expense, of the ownership or security interests of the Purchasers under this Agreement and may also direct that payments of all amounts due or that become due under any or all Receivables be made directly to the Agent or its designee. Seller or the Servicer (as applicable) shall, at any Purchaser's request, withhold the identity of such Purchaser in any such notification.

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent or Merger Sub any direct or indirect ownership or incidence of ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to Stockholder, and Parent and Merger Sub shall have no authority to manage, direct, superintend, restrict, regulate, govern, or administer any of the policies or operations of the Company or exercise any power or authority to direct Stockholder in the voting of any of the Shares, except as otherwise provided herein.

  • Ownership Interests The ownership interest of each member of the Company will be expressed in terms of a percentage that is set out in Exhibit A, attached and made part of this Agreement. The total ownership interests of all members will always equal one-hundred percent (100%). The existing members will determine the ownership interest of any new members prior to admission to the Company.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • Assignment of Membership Interests The Assignment of Membership Interests shall have been fully executed and delivered to Purchaser.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.

  • Transfer of Partnership Interests The foregoing power of attorney shall survive the delivery of an instrument of transfer by any Partner of the whole or any portion of or interest in its Partnership Interest, except that (i) where a Partner becomes a Former Partner, or (ii) where a Transferee of such Partnership Interest has been approved as a successor Partner and the Transferor shall thereupon cease being a Partner (all in accordance with this Agreement), then the power of attorney of the Former Partner or the Transferor Partner, as the case may be, shall survive the cessation of Partner status or the delivery of such instrument of transfer, as the case may be, for the sole purpose of enabling the attorneys-in-fact for such Former Partner or the Transferor Partner (or any of them) to execute, swear to, acknowledge and file any and all instruments necessary to effectuate or reflect such cessation, transfer and succession.

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