Required Interest Sample Clauses

Required Interest. Except as otherwise expressly provided for in this Agreement, all matters to be voted on pursuant to this Agreement shall require the vote of Unitholders holding the Required Interest, which vote shall only be valid and binding if a notice of the meeting at which such vote is taken is given in accordance with Section 3.2(e).
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Required Interest. Required Interest means the vote or consent of greater than fifty percent (>50%) of the Class B Units, Class A Units or Managers, as applicable.
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Required Interest. REQUIRED INTEREST" shall mean the stockholders of the Company, including FSEP IV, who, at any given time, own of record and beneficially more than 50% of the then issued and outstanding Shares; provided, that FSEP IV shall no longer be included within the "Required Interest" once FSEP IV's percentage ownership in the Company (calculated on the fully diluted basis) drops below 20%.
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Required Interest. Required principal . Deposits for taxes and insurances . All other fees, charges or penalties Payment will be applied within 24 hours of receipt. Same day processing for payments received prior to 3:30 P.M. (EST) unless specified by New Century through processing stops placed on MSP Servicing System. . Payments received on Comerica Business Days which fall on the 16th and last day of the month will be processed until 9:00 P.M. (EST). . Reversal of payments due to insufficient funds. Reversals will be completed within 24 hours of notice. Same day reversal for notice received prior to 3:00 P.M. (EST). Notification to New Century by next business day. Investor Reporting ------------------ . Monthly remittances to New Century within eighteen (18) calendar days following the last business day of each month. Remittances shall be payable by wire and shall be net of Comerica's compensation, outstanding advances and reimbursements. . Monthly reports will be provided to New Century, along with Investor, through the Alltel Servicing System. Contracts identified as Actual/Actual and New Century's Warehouse 1 of 4 Investor (Inv. 555) will generate hard copy reports using the Actual/Actual remittance logic with the following reports included:
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Required Interest. Investing Members owning in the aggregate, more than a seventy-five percent (75%)
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Related to Required Interest

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • Imputed Interest The principles of Sections 1272, 1274, or 483 of the Code, as applicable, and the principles of any similar provision of U.S. state and local law, will apply to cause a portion of any Net Tax Benefit payable by the Corporation to a Member under this Agreement to be treated as imputed interest (“Imputed Interest”). For the avoidance of doubt, the deduction for the amount of Imputed Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be excluded in determining the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Fractional Interest The Original Class B-1 Fractional Interest is 2.00418254%.

  • Alternative to Interest Amount The provisions of Paragraph 6(d)(ii) will apply.

  • Fractional Interests In computing adjustments under this Section 4, fractional interests in Common Stock shall be taken into account to the nearest one one-hundredth (1/100th) of a share.

  • Transfer of Interest Amount The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b); provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B.

  • Additional Interests If any Pledgor shall at any time acquire or hold any additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly completed and executed by such Pledgor and (iii) any other document required in connection with such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the requirements of this Section 21 concurrently with the acquisition of any such Additional Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving Credit Agreement applies, within the time period specified in such Section or elsewhere in the Revolving Credit Agreement with respect to such Additional Interests; provided, however, that the failure to comply with the provisions of this Section 21 shall not impair the Lien on Additional Interests conferred hereunder.

  • Additional Interest Notice In the event that the Company is required to pay Additional Interest to Holders of Notes pursuant to the Registration Rights Agreement, the Company will provide written notice (“Additional Interest Notice”) to the Trustee of its obligation to pay Additional Interest no later than 15 days prior to the proposed payment date for the Additional Interest, and the Additional Interest Notice shall set forth the amount of Additional Interest to be paid by the Company on such payment date. The Trustee shall not at any time be under any duty or responsibility to any Holder of Notes to determine the Additional Interest, or with respect to the nature, extent, or calculation of the amount of Additional Interest owed, or with respect to the method employed in such calculation of the Additional Interest.

  • Beneficial Interest The interest of the beneficiaries hereunder shall be divided into an unlimited number of transferable shares of beneficial interest, par value $.001 per share. All Shares issued in accordance with the terms hereof, including, without limitation, Shares issued in connection with a dividend in Shares or a split of Shares, shall be fully paid and, except as provided in the last sentence of Section 3.8, nonassessable when the consideration determined by the Trustees (if any) therefor shall have been received by the Trust.

  • Elimination of Fractional Interests The Company shall not be required to issue certificates representing fractions of Shares upon the exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may be, to the nearest whole number of Shares or other securities, properties or rights.

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