De Minimis Interest definition

De Minimis Interest means an insubstantial interest, and shall equal a 0.01% interest, except as otherwise set forth in Section 2.3(g) of the Disclosure Memorandum.
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De Minimis Interest means an interest which constitutes less than one percent of the total of any class of outstanding securities of an entity.
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De Minimis Interest means an insignificant interest that would not lead reasonable persons to question a judge’s impartiality. See Sections 3E(1)(c) and 3E(1)(d).
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Examples of De Minimis Interest in a sentence

  • Bank Personnel must also recuse themselves from participating in any Bank matter in which, to their knowledge, they or any member of their Immediate Family has a Financial Interest other than a De Minimis Interest, and they must inform the Chief Compliance Officer of any such recusal.

  • Testimony Confirmed That Gramercy Holds Only A De Minimis Interest In The Bonds, While Generating Fees Based On Its Own Invented Valuations35.

  • However, the prohibition under Rule 8(b)(ii)(2) does not apply to the acquisition or divestment of a De Minimis Interest in a publicly traded Relevant Entity, provided that, in respect of acquisitions or divestments of a De Minimis Interest in a publicly traded Banking Counterparty, the Chief Compliance Officer has provided a prior authorisation for any such acquisition or divestment.

  • The prohibition under Rule 8(b) covers any Financial Interest in the securities of all borrowers, lenders or suppliers of the Bank whether or not Board Officials are personally involved in such transactions or relationships in the performance of their official duties, other than a De Minimis Interest in a publicly held entity.

  • Board Officials must also recuse themselves from participating in any Bank matter in which, to their knowledge, they or any member of their Immediate Family has a Financial Interest other than a De Minimis Interest, and they must inform the Chief Compliance Officer of any such recusal.

  • Sustainability-Linked Bonds (SLBs) With De Minimis Interest Rate Adjustments Interested parties believe paragraph 6d also would inappropriately capture certain bonds with an interest coupon rate linked to sustainability goals.


More Definitions of De Minimis Interest

De Minimis Interest means that which constitutes (1) less than one percent of the total of any class of outstanding securities of an entity; and (2) an investment representing such a percentage of the Bank Personnel’s assets that it could not reasonably be seen as influential to his/her decision-making, or as a source of a Conflict of Interest.
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Related to De Minimis Interest

  • business interest ’ means —

  • Company Interest means the interest of a Member in Profits, Losses and Distributions.

  • Excess Interest With respect to each ARD Mortgage Loan, additional interest accrued on such ARD Mortgage Loan after the Anticipated Repayment Date allocable to the difference between the Revised Rate and the Mortgage Rate, plus any compound interest thereon, to the extent permitted by applicable law and the related Loan Documents. The Excess Interest on any ARD Mortgage Loan shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

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

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

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

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

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Pecuniary Interest means the opportunity, directly or indirectly, to profit or share in any profit derived from a transaction in securities.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Residual Ownership Interest Any record or beneficial interest in the Class R Certificates.

  • 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.

  • Percentage Interest As to any Certificate, the percentage interest evidenced thereby in distributions required to be made on the related Class, such percentage interest being set forth on the face thereof or equal to the percentage obtained by dividing the Denomination of such Certificate by the aggregate of the Denominations of all Certificates of the same Class.

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

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • 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.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Lower Tier Interest As described in the Preliminary Statement.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

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

  • Profits Interest means an interest in the Company that is intended to be classified as a profits interest within the meaning of Internal Revenue Service Revenue Procedure 93-27 and 2001-43 (or the corresponding requirements of any subsequent guidance promulgated by the Internal Revenue Service or other Law) for U.S. federal income tax purposes, including the Class C Common Incentive Units.