Remainder Interests definition

Remainder Interests means a collective reference to the Remainders (as such term is defined in the Purchase Agreement (Remainder Interests)) and all other rights transferred by the Sellers under the Purchase Agreement (Remainder Interests).

Remainder Interests has the meaning set forth in Section 4.2(d).

Examples of Remainder Interests in a sentence

• Remainder Interests – remainder interests are those that do not take effect until after some event that is beyond your control, such as the death of another person.

• Remainder Interests - remainder interests are those that do not take effect until after some event that is beyond your control, such as the death of another person.

• Remainder Interests — remainder interests are those that do not take effect until after some event that is beyond your control, such as the death of another person.

• The Borrower owns (or shall, as of the making of the Advance, own) all Remainder Interests with respect to the Mortgaged Properties and own one hundred percent (100.0%) of the beneficial interests under the Trust Documents.

• The Borrower has no rights or interests in any real or personal property except its Remainder Interests in the Mortgaged Properties, its beneficial interests under the Trust Documents and property appurtenant to either.

• The Borrower's Remainder Interests in the Mortgaged Properties represent all real property interests of the Borrower.

• Seller and Purchaser or Purchaser's designee shall take all action necessary or appropriate to admit Purchaser as a substituted member in Pennsy Newco with respect to the Remainder Interests and as an assignee with respect to the Remainder Economic Interests.

• The Borrower or Successor Borrower, as applicable, shall be the owner of the Defeasance Collateral Account and shall report all income accrued on the Defeasance Collateral for federal, state and local income tax purposes in its income tax return.

• MLP GP hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to MLP, its successors and assigns, for its and their own use forever, all right, title and interest in and to the Remainder Interests, as a capital contribution, in exchange for the issuance by MLP to MLP GP of [ ] Common Units, and MLP hereby accepts the Remainder Interests as a contribution to the capital of MLP.

• MLP GP hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to MLP, its successors and assigns, for its and their own use forever, all right, title and interest in and to the Remainder Interests, as a capital contribution, in exchange for the issuance by MLP to MLP GP of 121,698 Common Units and 27,727,411 Subordinated Units and the right to receive $665 million, and MLP hereby accepts the Remainder Interests as a contribution to the capital of MLP.