Prohibited Interest definition

Prohibited Interest means Interest that the Issuer is prohibited from paying in accordance with Condition 7(a);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Prohibited Interest means (a) in the case of an MBS Trust with respect to which one or more REMIC elections have been or will be made, a residual interest in one or more of the related underlying REMICs and (b) in the case of an MBS Trust with respect to which no REMIC elections have been or will be made, a security issued by such MBS Trust that is not classified, for United States federal income tax purposes, as indebtedness of the MBS Trust.

Prohibited Interest means an interest in a contract with the Government or a state-owned enterprise, the acquisition of which by a specified person in public life is prohibited by rules made under section 22;

Examples of Prohibited Interest in a sentence

• Consultant Associates shall not acquire any such Prohibited Interest within the Term of this Agreement, or for twelve months after the expiration of this Agreement, except with the written permission of City.

• If the relevant Chargor gives the Chargees a notice in the form of Schedule 3, each Prohibited Interest described in the notice will automatically and immediately become part of the Charged Property of that Chargor without the necessity for any further act by the Chargor.

• Neither Consultant, nor Consultant's immediate family members, nor Consultant's employees or agents (Consultant Associates) presently have any interest, directly or indirectly, whatsoever in any property which may be the subject matter of the Defined Services, or in any property within 2 radial miles from the exterior boundaries of any property which may be the subject matter of the Defined Services, (Prohibited Interest), other than as listed in Exhibit A, Paragraph 14.

• Contractor has executed the Affidavit of No Prohibited Interest and has filed the same with either the City’s Purchasing Department and/or City Secretary.

• Consultant agrees that Consultant Associates shall not acquire any such Prohibited Interest within the term of this Agreement, or for 12 months after the expiration of this Agreement.

More Definitions of Prohibited Interest

Prohibited Interest means an asset or interest described in Schedule 6 unless and until the relevant Chargor gives a notice in accordance with clause 1.8 in relation to that asset or interest.

Prohibited Interest has the meaning given to that term in the Electricity Act.

Prohibited Interest has the meaning given to that term in the Electricity Act (as modified by the draft regulations set out in schedule 5).

Prohibited Interest has the meaning set forth in Section 2.09(a).

Prohibited Interest means— 27

Prohibited Interest shall have the meaning set forth in Section 6.01(d).

Prohibited Interest means an interest in a contract with the Government, the acquisition of which by a member of the House of Assembly or the Senate is prohibited under rules made pursuant to section 84(2);