Carried Interest means an equity interest in the Partnership issued to a Person without consideration, in the form of cash or tangible property, in an amount proportionately equivalent to that received from the Participants.
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.
Undivided Interest means the undivided interest in the Trust evidenced by an Investor Certificate.
L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.
REO Imputed Interest As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month's interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.
Company Interest means the interest of a Member in Profits, Losses and Distributions.
Paired Interest has the meaning set forth in the Exchange Agreement.
Class B Additional Interest shall have the meaning specified in subsection 4.02(b).
Fractional Undivided Interest means the fractional undivided interest in a Trust that is represented by a Certificate relating to such Trust.
Class R-I Interest The uncertificated Residual Interest in REMIC I.
Class R-IV Interest The uncertificated Residual Interest in REMIC IV.
Class R-4 Interest The uncertificated Residual Interest in REMIC 4.
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
Transferred Interests has the meaning set forth in the Recitals.
Class R-3 Interest The uncertificated Residual Interest in REMIC 3.
Offered Interest has the meaning set forth in Section 11.2.1.
Royalty Interest is defined in Section 1.01.
Class C Additional Interest is defined in Section 4.1(c).
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.
Class A Additional Interest shall have the meaning specified in subsection 4.02(a).
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.
Required Interest shall have the meaning specified in the Standard Terms.
Pecuniary Interest means the opportunity, directly or indirectly, to profit or share in any profit derived from a transaction in securities.
Contributed Interests has the meaning set forth in the recitals.
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.