Allocated interests definition

Allocated interests means the following interests allocated to each unit:

Allocated interests means the undivided interest in the common elements, the common expense liability, and votes in the association allocated to each unit.

Allocated interests means the following interests allocated to each unit: (i) in a condominium, the undivided interest in the common elements, the common expense liability, and votes in the association; (ii) in a cooperative, the common expense liability and the ownership interest and votes in the association; and (iii) in a planned community, the common expense liability and votes in the association.

Examples of Allocated interests in a sentence

• Commencing on the third anniversary of the Service Commencement Date (as defined in the CA) of the I-95 Project and on each succeeding three-year anniversary thereof, or at either Party’s good-faith request, CBE and 95 Express shall in good faith seek to revise the Allocated Interests to more accurately reflect the actual use by each of the Beltway Project and the I-95 Project of the Shared Facilities and Shared Services during the succeeding three-year period.

• Any such grant shall be on arms-length terms, and any consideration paid by the grantee shall be shared by CBE and 95 Express proportionately in accordance with their respective Allocated Interests.

• Assessments to pay a judgment against an Association pursuant to RCW 64.34.368(1) shall be made only against the Units owned by Members in such Association at the time the judgment was entered in proportion to their respective Allocated Interests at the time the judgment was entered.

• Exhibit A Initial Allocated Interests CBE 50 percent 95 Express 50 percent The Initial Allocation Interest has been determined based on the ratio of forecast vehicle gantry passages (toll transactions) for both the Beltway Project (CBE) and the I-95 Project (95 Express).

• The foregoing notwithstanding, for the purposes of determining certain Common Expense allocations that relate solely to one of the Components, the Allocated Interests assigned to the Commercial Units shall be eighty-five percent (85%) for Unit 101 and fifteen percent (15%) for Unit 102, and the Allocated Interests assigned to each of the Residential Units shall be one forty-second (1/42).

More Definitions of Allocated interests

Allocated interests means the following interests allocated

Allocated interests means the common expense liability and votes in the association allocated to each lot.

Allocated interests means the undivided interest in the

Allocated interests means the undivided interests in the common elements, the common expense liability and votes in the association allocated to each unit;[PL 1981, c. 699 (NEW).]

Allocated interests means the undivided interests in the

Allocated interests means the following interests allocated to each unit: (i) In a condominium, the

Allocated interests means the undivided interest in the Common Elements and the Common Expenses Liability and the votes in the Association allocated to each of the Units in the Resort. The formulas used to establish the Allocated Interests are described in Section 4. The Allocated Interests for each Unit are set forth in attached Exhibit B.