Outstanding Interests Clause Samples
The Outstanding Interests clause defines the rights or claims that remain unresolved or unpaid under an agreement. Typically, this clause specifies how any remaining balances, such as unpaid fees, accrued interest, or other financial obligations, will be handled after the main obligations of the contract have been fulfilled or upon termination. Its core practical function is to ensure that all parties are aware of and address any lingering financial responsibilities, thereby preventing disputes over unsettled amounts after the contract concludes.
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Outstanding Interests. All of the outstanding membership interests in the Mississippi Guarantor have been duly authorized and are validly issued.
Outstanding Interests. All of the outstanding membership interests in Colorado Guarantor have been duly authorized and are validly issued.
Outstanding Interests. The Capital Stock listed on Schedule 3 constitutes (i) 100% of the Capital Stock of all Domestic Subsidiaries and (ii) 65% of the Capital Stock of all Foreign Subsidiaries directly owned by any Pledgor.
Outstanding Interests. There are no outstanding registered or unregistered charges or interests likely to defeat the title or interest of Westpac NZ as holder of the security described in the Documents or securities previously given in the priority required by the Banks, if any.
Outstanding Interests. The Securities comprise all of the outstanding debt, equity and other interests in the Company or its assets that are owned or possessed, directly or indirectly, by Sellers.
Outstanding Interests. All of the outstanding membership interests in the Nevada Guarantor have been duly authorized and are validly issued.
Outstanding Interests. The Membership Interests to be transferred to Canbiola hereby represent 100% of the issued and outstanding equity of Pure Health. Each of the Pure Health Members owns its portion of the Membership Interests free and clear of all liens and has the absolute right to transfer the same. There are no options, warrants, calls, convertible notes, agreements or other rights to purchase or otherwise acquire from Pure Health at any time, or upon the happening of any stated event, any share of the capital interests of Pure Health.
Outstanding Interests. No membership interest or unit of membership interest in the Company is held by any person other than Seller. Seller owns all the Units free and clear of all restrictions, other than those imposed by federal or state securities law.
Outstanding Interests. To Seller's knowledge, there are no outstanding subscriptions, options, warrants, contracts, commitments, convertible securities or other agreements or arrangements of any character or nature whatsoever under which SDG or Seller is or may become obligated to issue, assign or transfer any ownership interest in SDG, except as provided in the Partnership Agreement.
Outstanding Interests. The royalties and payments herein specified are intended to be paid for a 100% ownership of the oil and gas. If Lessor owns less than 100% interest in the oil and gas, the royalty and payments shall be reduced to equal the interest of Lessor (i.e., if Lessor owns only a 50% interest in the oil and gas, then the royalty and payments shall automatically be reduced to 50% of the amounts herein specified).