overriding interest definition

overriding interest means all the encumbrances, in interests, rights and powers capable of overriding first registration or subsequent registration or an allocation, without itself being registered;
overriding interest means, subject to sections 6(4) and 9(4) of this Act, in relation to any interest in land, the right or interest over it of—
overriding interest means an interest referred to in section 28(1);

More Definitions of overriding interest

overriding interest. (凌駕性權益) means an interest referred to in section 28(1); “owner” (擁有人) means—
overriding interest means all the encumbrances, in interests, rights and pow- ers capable of overriding first registration or subsequent registration or an allo-
overriding interest. (凌駕性權益) means an interest referred to in section 24(1);
overriding interest. (凌駕性權益) means an interest referred to in section 24(1); "owner" (擁有㆟), in relation to---
overriding interest means an interest referred to in subsection 73(1);

Related to overriding interest

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Overriding Royalty Interest means an interest in the natural gas and oil produced under a Lease, or the proceeds from the sale thereof, carved out of the Working Interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Net Profits Interest means a non-operating interest that creates a share in gross production from another (operating or non-operating) interest in oil and natural gas properties. The share is determined by net profits from the sale of production and customarily provides for the deduction of capital and operating costs from the proceeds of the sale of production. The owner of a net profits interest is customarily liable for the payment of capital and operating costs only to the extent that revenue is sufficient to pay such costs but not otherwise.

  • 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.

  • Participating Interest is defined in Section 1.2(d) hereof.