Common use of Earned Interest Clause in Contracts

Earned Interest. Upon execution of this Agreement and payment in full of the Consideration amounts specified in Section 3, HMIT shall have earned 50% of North Bay's undivided interest in the JV Lands.

Earned Interest. Upon execution of this Agreement and payment in full of the Consideration amounts specified in Section 3, HMIT shall have fully earned 50% of North Bay's undivided interest in the JV Lands.