Fractional Interests definition

Fractional Interests means a fractional interest consisting of an ownership interest as tenant in common in an individual lodging unit in a Resort.
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Fractional Interests. AWT shall not be required to issue certificates representing fractions of Warrant Shares but shall pay cash in lieu of such fractional shares; provided that holders of Warrants may elect to purchase full shares of Class A Common Stock by delivering an appropriate amount of cash.
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Fractional Interests has the meaning given to such term in Section 9.11 of this Proposal;
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Examples of Fractional Interests in a sentence

  • Any Event of Default by Borrower under the Loan Documents shall constitute an Event of Default under all Fractional Interests held by all Lenders.

  • Each Lender acknowledges that in the event of a Transfer of the Security Property, Servicer shall, in most circumstances, form a Transfer Entity to take title to the Security Property in accordance with Article 4 and Lenders will be required to assign their Fractional Interests to the Transfer Entity in exchange for a beneficial interest in the Transfer Entity equal to their Fractional Interest.

  • Additionally, in the event of a Transfer, the Lenders shall hold either a direct interest or a beneficial interest in the Security Property in accordance with their Fractional Interests.

  • Fractional Interests are being offered and sold without registration under the Securities Act of 1933, as amended, and in reliance upon the exemption from such registration requirements for intrastate offerings.

  • The Participating Tribe will identify those Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list by , 20 (“Tribal Priority Fractional Interests”).

  • It also provides a common understanding between the Buy-Back Program and the Participating Tribe regarding important goals, objectives, activities, products, services, and associated timetables necessary to acquire as many of the Fractional Interests as possible through collaborative implementation efforts.

  • It also provides a common understanding between the Buy-Back Program and the Participating Tribe regarding important goals, objectives, activities, products, services, and associated timetables necessary to acquire as many of the Fractional Interests as possible through cooperative implementation efforts.

  • Unless Lenders holding more than fifty percent (50%) of the Fractional Interests should object in writing and appoint another party, then, following the occurrence of a Transfer, Servicer shall be the Lenders’ exclusive property manager to manage the Property in a manner customary for property managers of properties similar to the Property.

  • The Participating Tribe may identify those Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list (“Tribal Priority Fractional Interests”).

  • The Participating Tribe may identify those Fractionated Tracts or Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list (“Tribal Priority Fractional Interests”) by no later than [DATE].


More Definitions of Fractional Interests

Fractional Interests. To be cashed-out upon exercise.
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Related to Fractional Interests

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

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Fractional Undivided Interest Means the fractional undivided interest in the Trust that is evidenced by a Certificate.

  • Paired Interest has the meaning set forth in the Exchange Agreement.

  • Acquired Interests has the meaning set forth in the Recitals.

  • Prospective International Interest means an interest that is intended to be created or provided for in an object as an international interest in the future, upon the occurrence of a stated event (which may include the debtor’s acquisition of an interest in the object), whether or not the occurrence of the event is certain;

  • Book-Entry Interest means a beneficial interest in a Global Certificate, ownership and transfers of which shall be maintained and made through book entries by a Clearing Agency as described in Section 9.4.

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • 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.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Transferred Interests has the meaning set forth in the Recitals.