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.
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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.
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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.

  • 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.

  • Buyer may elect to purchase the Conveyed Interest in and to each such Option Lease by written notification of such election delivered to Seller within five (5) Business Days after receiving written notice of the acquisition from Seller.

  • 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”.

  • 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.g.

  • The consideration payable under this Agreement for any particular Conveyed Interest for purposes of preferential purchase right notices shall be the Allocated Value of such Conveyed Interest.

  • If the Parties elect to have Seller retain any Title Defect Property pursuant to Section 11.2(d)(i)(B), the Closing Cash Consideration shall be reduced by the Allocated Value of the Conveyed Interest attributable to such Title Defect Property, the Carried Cost Obligation shall be reduced by the Allocated Carry of the Conveyed Interest attributable to such Title Defect Property, and the Title Defect Amount relating to such Conveyed Interest will not be counted towards the Title Deductible.

  • No Trust Unitholder approval shall be required for any release, sale or conveyance of a Conveyed Interest under Section 3.02(c), Section 3.07 or Section 9.03, as applicable.

  • Any 39 preferential purchase right must be exercised subject to all terms and conditions set forth in this Agreement, including the successful closing of this Agreement pursuant to Article IX and the obligation to bear the Allocated Carry for such Conveyed Interest based upon the terms of the Joint Development Agreement.

  • Buyer agrees that all funds, proceeds and other property received by Seller on account of the Conveyed Interest as well as other assets owned by Seller but not required to be contributed to Buyer pursuant to the Joint Venture Agreement (all such funds, proceeds and other property as described in this sentence to be referred to as the “Conveyed Interest Proceeds”) may be distributed to Seller’s members and other persons without any claim whatsoever by Buyer as to such Conveyed Interest Proceeds.


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).
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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
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Conveyed Interest the Unguaranteed Interest of each SBA Lender Loan.
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Conveyed Interest has the meaning set forth in Section 1.1.
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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).
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Conveyed Interest shall have the meaning given in the Conveyance.
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Related to Conveyed Interest

  • Purchased Interest means, at any time, the undivided percentage ownership interest in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage interest shall be computed as:

  • 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.

  • Assigned Interests has the meaning set forth in Section 2 hereof; and

  • Transferred Interests has the meaning set forth in the Recitals.

  • Assigned Interest means all of Assignor's (in its capacity as a "Lender") rights and obligations under the Credit Agreement in respect of the Commitment of the Assignor in the principal amount equal to $____________, and to make Loans under the Commitment and any right to receive payments for the Loans outstanding under the Commitment assigned hereby of $____________ (the "Loan Balance"), plus the interest and fees which will accrue from and after the Assignment Date.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Conveyed Property means the Initial Conveyed Property and the Subsequent Conveyed Property.

  • Contributed Interests has the meaning set forth in the recitals.

  • Offered Interest has the meaning set forth in Section 11.2.1.

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

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Offered Interests has the meaning set forth in Section 8.5(a).

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Retained Interest The meaning set forth in the Trust Agreement.

  • Other Conveyed Property means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i).

  • related interest means (1) a company (other than an insured bank or a foreign bank) that is controlled by an executive officer, director, or principal shareholder or (2) a political or campaign committee that is controlled by or the funds or services of which will benefit an executive officer, director, or principal shareholder. See Section 215.11(a)(2) of

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Assumed Interest Amount With respect to any Distribution Date and Class of Subordinated Certificates, one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the applicable Assumed Balance immediately prior to that Distribution Date.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Imputed Interest means any interest imputed under Section 1272, 1274 or 483 or other provision of the Code and any similar provision of state and local tax law with respect to the Corporate Taxpayer’s payment obligations under this Agreement.

  • Subject Interest has the meaning assigned to such term in the recitals.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.