Contributed Interest definition

Contributed Interest shall have the meaning set forth in the Recitals.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Contributed Interest has the meaning assigned to such term in the recitals.

Contributed Interest means an equity interest (whether in shares of capital stock, limited liability company membership interests, partnership interests, trust interests or otherwise) in an entity (whether corporation, limited liability company, partnership, limited partnership, statutory business trust, trust or otherwise) which holds (on a direct or an indirect basis) holds fee simple or leasehold title (in whole or in part) to a Contributed Property.

Examples of Contributed Interest in a sentence

• If such Contributor is a natural person, such Contributor has the legal capacity and authority to execute, deliver and perform its obligations under this Agreement, and no Person has any community property rights, by virtue of marriage or otherwise, with respect to the Contributed Interest.

• To the extent that amounts are so withheld, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the former holder of Contributed Interest in respect of which such deduction and withholding was made.

• After giving effect to the transactions contemplated by this Option Agreement, Optionee will be the sole owner of such Grantor’s Contributed Interest, free and clear of any Encumbrances, and the Contributed Entity will be the sole owner of the Property, free and clear of any Encumbrances other than those Encumbrances set forth on Schedule 3.1.

• The purchase price (the “Purchase Price”) for each Grantor’s Contributed Interest upon the exercise of such Purchase Option shall be an amount of cash (the “Cash Amount”) and an amount of Units (as hereinafter defined), in each case as set forth on Exhibit A attached hereto.

• As a condition to Optionee’s obligation to complete the purchase of such Grantor’s Contributed Interest after the exercise of the Purchase Option, (i) such representations and warranties (as so qualified) must continue to be true as of the date of the Initial Closing and as of the date of the Final Closing and (ii) such Grantor shall have complied with all of the covenants contained herein.

More Definitions of Contributed Interest

Contributed Interest in Section 2.1(b) of the Bresnan Purchase Agreement.

Contributed Interest in Section 2.1(b) of the Falcon Purchase Agreement.

Contributed Interest in the recitals to the Rifk▇▇ ▇▇▇tribution Agreement.

Contributed Interest means the right to receive one hundred percent (100%) of the Royalties.

Contributed Interest means a specified dollar amount of Pool Receivables which equates to a variable undivided percentage interest (less than or equal to 100%) in and to the Pool Receivables, the associated Related Security and Collections and all proceeds of the foregoing equal to the Variable Contributed Percentage.

Contributed Interest has the meaning ascribed to such term in the recitals. “Contributing Indemnified Parties” shall have the meaning ascribed to such term in Section 9.2.

Contributed Interest means any Company Security that is contributed to Pubco in accordance with Section 1.1.