Relevant Interest definition
Examples of Relevant Interest in a sentence
For greater certainty, there shall be no obligation on the Servicer to adjust the Guarantor Variable Rate to ensure the Guarantor Obligation Shortfall Test will be met for the Relevant Interest Period.
For purposes of this Letter Agreement, Relevant Interest shall mean interest on the sum of $225,000 accrued over a period commencing from the date following the Previous Delivery Date on which the Aircraft Commitment Fee or any part thereof was actually paid to the Expiry Date, at the average rate over such period of General Electric Capital Corporation Commercial Paper (for 240 to 270 days) as reported from time to time in The Wall Street Journal less 25 basis points (i.e. 0.25% per annum).
In addition, each Beneficial Owner shall be deemed to represent and warrant that by owning from time to time any beneficial interest in any American Depositary Shares issued hereunder that it is a person with Relevant Interest.
Each Owner and Beneficial Owner hereby represents and warrants at all times that their Receipts are not a holding or part of a holding in which a person has a Relevant Interest in Shares in breach of the Constitution.
The Company shall take all reasonable steps to identify the Beneficial Holder who has a Relevant Interest in Shares in breach of the Limitation and shall consult with the Depositary prior to forwarding such Disenfranchisement Notice.