Remaining Interest definition

Remaining Interest means any interest that remains in the Escrow Account after deducting the full amount of the escrow fees and expenses which have been or are due under this Agreement or have been paid hereunder. Any amounts previously paid hereunder will be reimbursed by the Escrow Agent to such party after applying the interest to any escrow fees and expenses that are or will be due under this Agreement as of the Closing Date. The subscription payments returned to each subscriber shall be free and clear of any and all claims of the Company or any of its creditors.

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Remaining Interest shall have the meaning set forth in Section 7.4(d).

Remaining Interest is defined in Section 8.6.

Examples of Remaining Interest in a sentence

• If the aggregate number of membership interests that the Purchasing Members desire to purchase (as evidenced in the written notices delivered to Seller) exceeds the number of Remaining Interests, each Purchasing Member will be entitled to purchase its pro rata share of the Remaining Interest.

• Remaining Interest Remittance Amount ------------------------------------ With respect to any Distribution Date, an amount equal to the sum of any Group I Interest Remittance Amount, Group II-A Interest Remittance Amount and Group II-B Interest Remittance Amount remaining after giving effect to the distributions set forth in clauses (i), (ii) and (iii) of Section 4.02(a).

• The parties hereby agree that any state transfer taxes due upon the conveyance of the Remaining Interest (or any portion thereof) to Elk Creek shall be shared equally between Elk Creek and the ▇▇▇▇▇▇▇▇▇ Entities.

• Remaining Interest Remittance Amount ------------------------------------ With respect to any Distribution Date, an amount equal to the sum of any Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining after giving effect to the distributions set forth in clauses (i) and (ii) of Section 4.02(a).

• Upon the effective date of any purchase of the Remaining Interest pursuant to this Section 5.6, the Preferred Partner’s rights and obligations under this Agreement shall terminate, except as to indemnity rights or obligations of such Preferred Partner under this Agreement attributable to acts or events occurring prior to the effective date of such transfer.

More Definitions of Remaining Interest

Remaining Interest shall have the meaning set forth in Section 2.1 of this Agreement.

Remaining Interest means a Membership Interest equal to the Entire Interest minus the Subject Interest.

Remaining Interest means an undivided ownership interest of the Transferor (but subject to a first priority perfected security interest in favor of the Administrative Agent for the benefit of the LC Issuer and the Purchasers), equal to the Remaining Percentage, in (i) each Receivable arising prior to the time of the most recent computation or recomputation of such undivided interest, (ii) all Related Security with respect to each such Receivable, and (iii) all Collections with respect to, and other proceeds of, each such Receivable.

Remaining Interest has the meaning given in Clause 8.4;

Remaining Interest shall have the meaning set forth in Section 2.3 hereof.

Remaining Interest has the meaning set forth in Section 2.1b.

Remaining Interest is defined in Section 2.4.