Specified Interest definition

Specified Interest means a vested interest which is—

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Specified Interest means, with respect to any

Specified Interest has, for a Titling Company, the meaning stated in the related Titling Company LLC Agreement.

Examples of Specified Interest in a sentence

• Each party hereto acknowledges and agrees (and each holder or pledgee of the Exchange Note, by virtue of its acceptance of such Exchange Note or pledge thereof acknowledges and agrees) that (a) the Closed-End Collateral Specified Interest is a separate series of the Titling Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.

• The Indenture Trustee, by entering into this Indenture, and each Noteholder and Note Owner, by accepting a Note or an interest or participation in a Note, acknowledge and agree that they have no right, title or interest in or to any other assets of the Titling Companies, including assets allocated to Specified Interests other than the Collateral Specified Interest (“Other Borrower Assets”).

• Each of the Indenture Trustee, by entering into this Indenture, and each Noteholder or Note Owner, by accepting a Note, or, in the case of a Note Owner, a beneficial interest in a Note, hereby covenants and agrees that (a) the Closed-End Collateral Specified Interest is a separate series of the Titling Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.

• No Lease or Leased Vehicle has been allocated to any Specified Interest other than a Collateral Specified Interest.

• The term to which the Specified Interest Currency and Specified Principal Currency are referred collectively.

More Definitions of Specified Interest

Specified Interest means the Transferred Rights (as defined in the Participation Agreement) and, to the extent applicable, the Main Street Term Loan Obligations owing to the SPV or any Governmental Assignee in respect of any Bilateral Facility that has become subject to a Co-Lender Agreement.

Specified Interest has the meaning specified in the Titling Trust Agreement.

Specified Interest has the meaning specified in Section 4.1(a).

Specified Interest is hereby added to Section 9.1 to read as follows: SPECIFIED INTEREST - has the meaning ascribed thereto in the Titling Subsidiary Agreements.

Specified Interest means a separate series of beneficial interest within the Titling Trust, as more specifically described in Section 4.1 of the Titling Trust Agreement.

Specified Interest means, with respect to any en-

Specified Interest when used in the Agreement with respect to SBC shall mean 60% and when used with respect to BellSouth shall mean 40%. The parties hereto agree that BellSouth shall not have any liability for any breach of this Agreement by SBC and SBC shall not have any liability for any breach of this Agreement by BellSouth.