TIC Interest definition

TIC Interest means a tenant in common interest.
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TIC Interest means that certain tenant-in-common interest in the TIC Property owned by Sunny Ridge MHP LLC, a Florida limited liability company.
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TIC Interest means the undivided interest of a TIC in real property.
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Examples of TIC Interest in a sentence

  • Other income reflects management fees earned for managing the TIC Interest.

  • Private PlacementsYearPrivate Placements, Total Issuance CostsPublic Offerings, Total Issuance CostsPrivate Placements, TIC Interest RatePublic Offerings, TIC Interest Rate2012$116,020$369,5985.63%2.52%2013$122,250$334,9734.62%2.97%2014$94,062$430,7406.12%2.85%2015$85,347$392,4956.03%3.09%2016$100,178$412,8715.81%2.74%(Source: CDIAC, http://www.treasurer.ca.gov/cdiac/debt.asp)Table 3a.

  • From the date hereof through the Closing, except as specifically contemplated by this Agreement, Seller shall not, without the prior written consent of Purchaser, (i) sell, transfer (or agree to sell or transfer) or otherwise dispose of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) all or any portion of the TIC Interest or the Property or (ii) mortgage, assign, pledge or otherwise encumber in any manner the TIC Interest or the Property.

  • The purchase price to be paid by Purchaser to Seller for the TIC Interest is $[ ] (the “Purchase Price”) on the Closing Date, subject to any adjustments arising from the Prorations (as defined in Section 1.4 hereof).

  • Seller does not own any interest in the Property other than through the TIC Interest.

  • PAC shall agree with AHC and the AHC Exchange Entities prior to the Closing on the valuations of the X1 Conveyed TIC Interests, the X2 Conveyed TIC Interest, the CB Greece Conveyed LLC Interest and the Orchard Park Conveyed LLC Interest being purchased and the allocations of values to individual assets comprising the Interests for federal income tax purposes.

  • Forest City agrees to (a) enter into a nonrecourse promissory note in that amount and secured by its TIC Interest, and to execute any collateral agreements or documents that are reasonably necessary or customarily appropriate in connection with such portion of the New Loan in form and substance reasonably acceptable to Forest City and (b) enter into that certain Tenancy In Common Agreement in the form of Exhibit "M" attached hereto and made a part hereof.

  • If any of the covenants contained in Section 11 hereof or if any of the rights or remedies enumerated in Section 11 hereof, or any part of any of them, is hereafter construed to be invalid or unenforceable, the same shall not affect the remainder of the covenant or covenants or rights or remedies which shall be given full effect without regard to the invalid portions.

  • The value of the Apollo TIC Interest so merged shall be subject to the Apollo Percentage Interest of the Remaining Pay-Off Amount (it being understood and agreed that Acquirer shall replace after Closing the Existing Loan with the New Loan in an amount at least equal to $60,000,000).

  • On the Effective Date, all options to purchase any TIC Interest pursuant to any one or more tenant in common agreements, master lease agreements, sponsor purchase option agreements, or similar agreements, are terminated and released, other than any options expressly reserved or created elsewhere in the Plan.


More Definitions of TIC Interest

TIC Interest means the following undivided interests in the Crescent Property: (a) an undivided 89.53% interest owned by SYN-Ridge, LLC; and (b) an undivided 10.47% interest owned by SAH Ridge, LLC.
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TIC Interest means the Company's undivided 60.0% tenant-in-common interest in the Property.
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TIC Interest shall have the meaning set forth in the preambles to this Agreement.
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Related to TIC Interest

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • LLC Interest means a membership interest or similar interest in a limited liability company.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Subsidiary REMIC Interest Any one of the Subsidiary REMIC Interests or the SR-A-R Interest.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Water interest means any right to the beneficial use of water, including:

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Partnership Interest means an interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • Public interest means that which is beneficial to the public as a whole, including but not limited to increasing competition among abstractors, encouraging the use of title guaranties throughout the state, making title guaranties more competitive than out-of-state title insurance, increasing the division’s market share, improving the quality of land titles, protecting consumers, and encouraging maximum participation by participating abstractors and participating attorneys physically located in all 99 counties. “Waiver” or “variance” means an action by the division which suspends in whole or in part the requirement of the use of a current tract index described in Iowa Code Supplement section 16.91(5) as

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class CE Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.