Participating Interests definition

Participating Interests means the purchase or acquisition of

Participating Interests means the direct or indirect ownership by an undertaking of 20% or more of the voting rights or capital of another undertaking.

Participating Interests has the meaning set forth in Section 14.1(e).

Examples of Participating Interests in a sentence

• The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement.

• If no proposal attains the support of a simple majority of the Participating Interests, then the proposal receiving the largest aggregate Participating Interest vote shall be adopted.

• If a sufficient vote of the Operating Committee cannot be attained, then the proposal supported by a simple majority of the Participating Interests shall be adopted.

• Except as otherwise specifically provided in the Contract and this Participation Agreement, all costs and expenses incurred by the operator in the conduct of operations hereunder shall be borne by the parties in proportion to their respective Participating Interests set forth in Article 2.

• Stand by costs incurred subsequent to all Parties responding, or expiration of the response time permitted, whichever first occurs, shall be charged to and borne by the Parties proposing the Exclusive Operation in proportion to their Participating Interests, regardless of whether such Exclusive Operation is actually conducted.

More Definitions of Participating Interests

Participating Interests has the meaning set forth in Section 4.1;

Participating Interests means, with respect to the preemptive rights set forth in Section 4.5 or the co-sale rights set forth in Section 9.2.2, in which a class or classes of Units are entitled to participate, that percentage of the total Units in the Company so entitled to participate represented by the ratio of (i) such Member’s Units in the Company so entitled to participate to (ii) the total outstanding Units in the Company so entitled to participate.

Participating Interests mean and include the Canadian Participating Interest and the U.S. Participating Interest.

Participating Interests has the meaning set forth in Recital E.

Participating Interests means the purchase or acquisition of an interest in an existing permanent mortgage loan.

Participating Interests means, in the case of RTANZ, its 79.36 percent participating interest in NZAS and in the Smelter, and, in the case of Sumitomo, its 20.64 percent participating interest in NZAS and in the Smelter, and includes such varied participating interests to which Meridian has given its written consent in accordance with section 4.

Participating Interests means an undivided ownership interest held by PGR, BGL and Government under this Agreement and the Joint Venture Agreement and which entitles the holder to that share of the Joint Venture or the Exploitation Company and the JV Assets thereof and which requires the holder (other than Government) to contribute to that share of the costs and expenses of the development and operations thereof;