Fractional Interest definition

Fractional Interest. As defined in Section 5.02(d).

Fractional Interest means an undivided interest in improved or

Fractional Interest. As to any Distribution Date and each Class of Subordinate Certificates, the fraction (expressed as a percentage), the numerator of which is the aggregate Certificate Principal Balance of such Class and each Class subordinate to such Class, if any, and the denominator of which is the aggregate Scheduled Principal Balance for all Loan Groups.

Examples of Fractional Interest in a sentence

• Contents of Bidding DocumentsITB 7.1For Clarification of bid purposes only, the Purchaser’s address is: Attention: Ms. Estela KarajAddress: Blv.

• Fractional interest or partial holdings are appraised in fee simple for the total property and divided proportionately based on the pro-rated interests.

• Fractional interest means an undivided interest in Indian land owned as tenancy in common by individual Indian or tribal landowners and/or fee owners.

• Fractional interest in property held in joint tenancy with the right of survivorship," whether the fractional interest is unilaterally severable or not, means a fraction, the numerator of which is one and the denominator of which, if the decedent was a joint tenant, is one plus the number of joint tenants who survive the decedent or, if the decedent was not a joint tenant, is the number of joint tenants.[PL 2017, c.

• Fractional interest acquisition program.2214.Establishing fair market value.2215.Acquisition Fund.2216.Trust and restricted land transactions.2217.Reports to Congress.2218.Approval of leases, rights-of-way, and sales of2213.

More Definitions of Fractional Interest

Fractional Interest means an undivided interest in improved or unimproved land, lots or parcels of any size created for the purpose of sale or lease and evidenced by any receipt, certificate, deed or other document conveying the interest. Undivided interests in land, lots or parcels created in the names of a husband and wife as community property, joint tenants or tenants in common, or in the names of other persons who, acting together as part of a single transaction, acquire the interests without a purpose to divide the interests for present or future sale or lease shall be deemed to constitute only one fractional interest.

Fractional Interest. As defined in Section 5.02(d). Group: Either of Group 1 or Group 2.

Fractional Interest. As defined in Section 5.02(d). Holder: A Certificateholder.

Fractional Interest. As to any Certificate of any Class, the product of (a) the Percentage Interest evidenced by such Certificate multiplied by (b) the amount derived from dividing the Principal Balance of such Class by the sum of the Class A Principal Balance, Class M-1 Principal Balance and Class B Principal Balance.

Fractional Interest. As to any Certificate, the product of (a) the ------------------- Percentage Interest evidenced by such Certificate multiplied by (b) the amount derived from dividing the Certificate Balance of the Class represented by such Certificate by the aggregate Certificate Balances of each Class.

Fractional Interest means a fractional ownership interest as tenant in common in an individual lodging unit in a Resort.

Fractional Interest means any undivided fractional ownership of real property which gives each and every fractional owner full rights to unlimited use and possession of the real property subject only to such limitation as the fractional owners may agree to among themselves.