Asset Interest definition

Asset Interest is defined in Section 2.1(b).

Asset Interest. An undivided percentage ownership interest, determined from time to time as provided in Section 1.4(b), in (i) all then outstanding Pool Receivables and (ii) all Related Assets.

Asset Interest means an undivided ownership interest determined from time to time as provided in Section 1.04(b) in all Pool Assets.

Examples of Asset Interest in a sentence

• A Participating Public Entity for whom the sum of the values of its initial geographically-assigned Transmission Assets exceeds its Transmission Asset Interest shall prioritize its initially-assigned Transmission Assets for selection by those Participating Public Entities whose sum of the values of their initially-assigned Transmission Assets is less than their Transmission Asset Interest.

• Differences between a Participating Public Entity’s Transmission Asset Interest and the sum of the values of the Transmission Assets initially assigned to the Participating Public Entity shall be trued-up among the Participating Public Entities until each Participating Public Entity’s Transmission Asset Interest is reached.

• Each Participating Public Entity’s Transmission Asset Interest shall be determined by applying its percentage ownership interest as set forth on Schedule E to the Total Transmission Asset Dollar Value.

• Is the current Delinquency Ratio < 8% Yes / No Is the current 3-month rolling average Default Ratio < 25% Yes / No Is the current 3-month rolling average Dilution Ratio < 3.5% Yes / No Is the current 3-month rolling average Loss-to-Liquidation Ratio < 4% Yes / No Is Eligible Asset Interest < 100% Yes / No By signing below, I attest to the accuracy and completeness of the above information.

• No Transfer of an Asset Interest shall relieve the Transferring Party of any obligations accruing prior to such Transfer under this Agreement or the applicable Operating Agreement.

More Definitions of Asset Interest

Asset Interest. The Funding Agents shall hold the Asset Interest on behalf of their related Conduit Investors and Related Alternate Investors in accordance with the related Investor Interest, from time to time. To the extent a Funding Agent holds the Asset Interest on behalf of the Related Alternate Investors, such Funding Agent shall hold the Alternate Investor Percentage of the Asset Interest on behalf of such Alternate Investors pro rata in accordance with their respective outstanding portions of the Net Investment funded by them.

Asset Interest. The Agent shall hold the Asset Interest on behalf of the Conduit Investors and the Alternate Investors, as applicable pro rata in accordance with their respective Investor Percentages.

Asset Interest. “Delinquent Receivable”, “Defaulted Receivable”, “Eligible Receivable”, “Event of Termination”, “Unmatured Event of Termination”, “Required Purchasers”, “Net Portfolio Balance”, “Purchase Termination Date”, “Related Asset”, “Required Reserves”, “Master Servicer Termination Events”, “Unmatured Master Servicer Termination Event”, “Specified Concentration Percentage” (other than any permitted changes contemplated by the definition thereof), or “Yield Period” or any of the definitions used in any such preceding definition, in each case without the prior written consent of each Committed Purchaser and each Purchaser Agent or (vi) release all or any material part of the Asset Interest from the security interest granted by the Seller to the Administrative Agent hereunder without the prior written consent of each Committed Purchaser and each Purchaser Agent; provided, further, that the consent of Seller and Master Servicer shall not be required for the effectiveness of any amendment which modifies on a prospective basis, the representations, warranties, covenants or responsibilities of Master Servicer at any time when Master Servicer is not CHR or an Affiliate of CHR or a successor Master Servicer is designated by Administrative Agent through a Successor Notice. Notwithstanding anything in any Transaction Document to the contrary, none of Seller or Master Servicer shall (and shall not permit Performance Guarantor to) amend, waive or otherwise modify any other Transaction Document, or consent to any such amendment or modification, without the prior written consent of Administrative Agent and the Required Purchasers.

Asset Interest means an undivided percentage ownership interest, determined from time to time as provided in SECTION 1.04(B) of the XXX Purchase Agreement, in (i) all then outstanding Pool Receivables, and (ii) all Related Assets.

Asset Interest has the meaning set forth in Section 1.04(a).

Asset Interest means, with respect to any Airframe or Aircraft Engine that is owned by an Asset Trust, the beneficial ownership interest in such Asset Trust. The acquisition or disposition of all of the Asset Interest with respect to an Asset Trust that holds an Airframe or Aircraft Engine constitutes, respectively, the acquisition or disposition of that Airframe or Aircraft Engine.

Asset Interest. At any time, an undivided variable percentage ownership interest in all Assets. The undivided percentage interest of an Asset Interest shall equal C + C x R ------- AC ---------------------- ADCB where: