Buyers' Interest definition
Examples of Buyers' Interest in a sentence
The parties further acknowledge that following Closing Buyers will own an approximately 50% interest in the Association (the "Buyer's Interest").
In connection with any such payment of the BPOP Advances by the Association, Buyers shall have the right to retain a percentage of each such payment equal to the Buyer's Interest.
It is agreed that neither the Buyer nor the Seller as participants shall sell, transfer, encumber or assign all or any part of its participation ownership interest in any of the Loans subject to the terms of this Agreement and with respect to which Buyer has participated pursuant to this Agreement except (i) sales or transfers to bona fide third party investors pursuant to arms-length transactions, and (ii) sales which encompass 100% of Buyer's Interest in any such Loans.
Nothing contained in this Section 5.02 or elsewhere in this Agreement shall be construed to permit Seller to resell less than 100% of any Loan, to resell its Interest in any Loan subject to the Buyer's Interest in such Loan or to resell or otherwise transfer its rights, interests, duties and obligations, including, without limitation, its duties and obligations as servicer and lead lender, under this Agreement.
Buyer and Seller agree that they shall cause the Company to discharge any liability for the payment of all sales, use, transfer, vehicle transfer, real property transfer (including any deed recording fee), recording, gains and other similar taxes, if any, payable with respect to Seller's contribution of the Assets to the Company or the sale of the Buyer's Interest to the Buyer.
In the event Buyer notifies Seller of its desire to cause Seller to repurchase Buyer's Interest in the Aircraft as herein described, Seller shall have ninety (90) days after receipt of such notice to cause such repurchase to occur and Buyer agrees that upon any such repurchase Buyer will transfer to Seller good and marketable title to the Interest free and clear of any and all liens or encumbrances caused by Buyer other than mechanics liens to be discharged in the ordinary course of business.
On the Termination Date and on each Business Day thereafter to and including the Final Payment Date, the Servicer shall allocate to the Buyers an amount equal to the product of (x) the Buyers' Interest (as set forth on the Daily Report prepared for such Business Day) multiplied by (y) New Collections.
This deposit shall be placed with paid directly to the following Sellers’ bank account Bank: National Bank of Greece, Address: 2, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇ ▇▇▇▇▇▇▇, Swift: E▇▇▇▇▇▇▇, IBAN No. G▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Beneficiary: Adventure Nine SA and held by them in a join account for the Sellers and the Buyers to be released in accordance with joint written instructions of the Sellers and the Buyers Interest if any, to be credited to the Buyers.
If the Servicer shall fail to promptly calculate the Buyers' Interest as required herein, the Collateral Agent may calculate the Buyers' Interest.
Except to the extent otherwise set forth in Section 4 of this Assignment, Seller warrants Buyers' Interest with full warranty of title, and Seller represents that Buyers' Interest is free of all liens, pledges, mortgages, security interests and other burdens.