51% Interest definition

51% Interest has the meaning set forth in the recitals.
Sample 1
51% Interest means a fifty-one percent (51%) undivided right, title and interest in and to the Property and in all rights of the Optionor with respect thereto;
Sample 1

Examples of 51% Interest in a sentence

  • INTEREST 5.1 Interest on Fixed Rate Notes Each Fixed Rate Note bears interest from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest.

  • This Article applies where a QFC Entity (the “predecessor”) ceases to carry on a Licensed Activity, and another QFC Entity (the “successor”) begins to carry it on, and at that time a Person with a 51% Interest in the predecessor has a 51% Interest in the successor which he continues to hold for at least 6 months from the date the successor begins to carry on the Licensed Activity.

  • If the due date for payment of any amount of principal or interest in respect of any Note is not a Business Day, payment shall not be made of the amount due and credit or transfer instructions shall not be given in respect thereof until the next following Business Day and the Noteholder shall not be entitled to any further interest or other sums in respect of any such postponed payment in accordance with Condition 5.1 (Interest rate).

  • INTEREST 5.1 Interest Accrual Each Note bears interest on its Principal Amount Outstanding from (and including) the Closing Date.

  • Rollover on Maturity Confirmation Letter Details will be provided to 5.1 Interest rates payable on Danske Fixed Term Deposit Accounts are f ixed at the date of receipt of the initial lodgement and thereafter at each Maturity Date.

  • Brian Johnston ----------------- ------------------------ Secretary President STATE OF UTAH ) COUNTY OF SALT LAKE ) On this the 3rd day of November, 1989, before me, Edward Holt the undersigned Notary Public, personally appeared D.

  • INTEREST 5.1 Interest on Fixed Rate Notes Each Fixed Rate Note bears interest on its outstanding nominal amount from (and including) the Interest Commencement Date at the rate(s) per annum equal to the Rate(s) of Interest.Interest will be payable in arrear on the Interest Payment Date(s) in each year up to (and including) the Maturity Date.

  • Interest means interest payable to a MVT Noteholder under Clause 5.1. Interest Payment Date means 30 June and 31 December each year until all MVT Notes have been Redeemed.

  • Subject as provided in Condition 5.1 (Interest Rate), the Interest Calculation Agent will, as soon as practicable after 11:00 a.m. (Amsterdam time) on the second Business Day prior to the start of each Interest Period after the First Call Date, determine the applicable Interest Rate in respect of such Interest Period and shall promptly notify the Issuer and the Fiscal Agent thereof.

  • Acquisition of 51% Interest ConocoPhillips will acquire a 51% interest in the permits by: 1 Seismic back costs US$9.6 million Paying Karoon US$9.6 million in reimbursement of approximately 80% of the costs incurred in carrying out the second year work programme for the permits.

Related to 51% Interest

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

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

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

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

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

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Lower Tier Interest As described in the Preliminary Statement.

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

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

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

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

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Lower-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Lower-Tier REMIC and evidenced by the Class R Certificates.

  • Asset Interest is defined in Section 2.1(b).

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class R-2 Interest The uncertificated Residual Interest in REMIC 2.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Original Class B-3 Fractional Interest As to the first Distribution Date, the percentage obtained by dividing the sum of the Original Class B-4 Principal Balance, the Original Class B-5 Principal Balance and the Original Class B-6 Principal Balance by the sum of the Original Class A Non-PO Principal Balance and the Original Class B Principal Balance. The Original Class B-3 Fractional Interest is specified in Section 11.18.

  • 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.