Future interest definition
Future interest means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation.
Future interest means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
Future interest means an interest that takes effect in possession or enjoyment,
Examples of Future interest in a sentence
The Proposed Seller shall be permitted to conduct market soundings at any time (including following the receipt of a Third Party Offer) with respect to market interest in any Future Interest, but the Proposed Seller shall ensure that no such market soundings involve legally binding terms of, or offers in respect of, any such Future Interest in contravention of this clause 2.11.
More Definitions of Future interest
Future interest means an alternative future interest or a future interest in the form of a class gift.
Future interest means an interest that takes effect in possession or enjoyment, if at all, after the time of its creation.
Future interest means an estate in reversion or remainder or other vested or contingent interest in property which is yet to entitle immediate possession of the property;
Future interest means an interest that takes
Future interest means any interest in real property that becomes effective at a future date as permitted under the Real Property Regulations 2015;
Future interest means an interest that takes effect in
Future interest. Expense shall mean at any time the sum of (a) the consolidated projected interest expense on Consolidated Debt. For purposes of this definition, the projected interest expense with respect to any Debt shall be calculated by multiplying the outstanding principal amount of such Debt at the date of calculation by the annualized interest rate then applicable to such principal amount and subtracting therefrom, for each mandatory reduction of such principal that is scheduled to occur within such four Fiscal Quarters, the corresponding portion of such interest. GAAP shall mean generally accepted accounting principles in the United States of America as in effect from time to time.