Conveyed Interest definition

Conveyed Interest the Unguaranteed Interest plus the amount by which the interest collected by the Servicer on the principal portion of the Guaranteed Interest of each SBA Lender Loan in the Loan Pool exceeds the sum of (a) the interest payable to the Registered Holder, (b) the fees payable to SBA and FTA, (c) the Servicing Fee and (d) the Premium Protection Fee.

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Conveyed Interest means, after giving effect to the Mercuria Assignment, all of Seller’s right, title and interest.

Conveyed Interest the sum of (i) that portion of the SBA Lender Loans not guaranteed by the SBA pursuant to SBA Rules and Regulations and not constituting the Required Holdback Amount and the FTA’s Fee and (ii) the Excess Spread (the terms “FTA’s Fee”, “Required Holdback Amount” and “Excess Spread” have the respective meanings as defined in the Pooling and Servicing Agreement).

Examples of Conveyed Interest in a sentence

• If SBA receives any amount in respect of the Conveyed Interest, SBA will remit the sum to Trustee for the credit of the SBA Lender, provided that in no event will SBA have any obligation to pay any amount not owed by SBA under SBA Rules and Regulations.

• Notwithstanding anything to the contrary in this Article XI, the aggregate Title Carry Reduction Amounts attributable to the effects of all Title Defects upon any Title Defect Property shall not exceed the Allocated Carry of the Conveyed Interest attributable to such Title Defect Property.

• The obligation and ability of each party to effect the assignment of the Conveyed Interest contemplated by this Agreement is subject to [Identify any conditions precedent to the transfer – e.

• Contemporaneously with the assignment of the Conveyed Interest described in paragraph 1 of this Agreement, [Ashford Prime OP/Ashford Prime TRS] shall be admitted to the [Partnership as a substitute Limited Partner of the Partnership][Company as a Member of the Company] without any further action by any Person.

• The Conveyed Interest in any Option Lease that Buyer elects to purchase as provided in this Section 5.7(a) shall be referred to hereunder as a “New Lease”.

More Definitions of Conveyed Interest

Conveyed Interest means, after giving effect to the Mercuria Assignment, all of Seller’s right, title and interest. “Conveyed Hydrocarbons” has the meaning assigned to it in Section 2.1(d).

Conveyed Interest means each Participation Interest, together with the Requisite Percentage of the following: (a) the Related Security for the related Receivables; (b) all Collections with respect to the related Receivables (provided that the Conveyed Interest shall only include Recoveries allocated to the Conveyed Interests as described in the following sentence), (c) without limiting the generality of the foregoing or the following, all of Bank’s rights to receive payments from any Merchant on account of in-store payments and other amounts received by such Merchant in payment of such Receivables and (d) all proceeds of the foregoing. For administrative convenience, Recoveries, if any, will be allocated to the Conveyed Interests on a daily basis in an amount equal to the product of (i) the Sold Percentage and (ii) the amount of Recoveries received with respect to all Receivables.

Conveyed Interest the Unguaranteed Interest of each SBA Lender Loan.

Conveyed Interest the Unguaranteed Interest plus the amount by which the interest collected by the Servicer on the principal portion of the Guaranteed Interest of

Conveyed Interest means each Participation Interest, together with the Requisite Percentage of the following: (a) the Related Security for the related Receivables; (b) all Collections with respect to the related Receivables (provided that the Conveyed Interest shall only include Recoveries allocated to the Conveyed Interests as described in the following sentence), (c) without limiting the generality of the foregoing or the following, all of Bank’s rights to receive payments from any Merchant on account of in-store payments and other amounts received by such Merchant in payment of such Receivables and (d) all proceeds of the foregoing. For administrative convenience, Recoveries, if any, will be allocated to the Conveyed Interests on a daily basis in an amount equal to the product of (i) the Sold Percentage and (ii) the amount of Recoveries received with respect to all Receivables. Schedule 1-2

Conveyed Interest shall have the meaning given in the Conveyance.

Conveyed Interest has the meaning set forth in Section 1.1.