Secure Legal Interest Sample Clauses

Secure Legal Interest. 2.1 The Grant Recipient must, subject to paragraphs 2.2 and 2.3, have a Completed Interest in each Named Project before the Acquisition Tranche Grant may be claimed under Condition 10.1. 2.2 In exceptional circumstances the GLA may (in its absolute discretion) provide the Grant Recipient with a Drawdown Confirmation to permit the Grant Recipient to submit a claim for Acquisition Tranche Grant despite the Grant Recipient holding a Contractual Interest. 2.3 In permitting the Grant Recipient to hold a Contractual Interest at the point of claim for Acquisition Tranche Grant, the GLA may impose such Drawdown Conditions as it (in its absolute discretion) considers to be appropriate and require such Drawdown Conditions to be complied with within such timescales as may be determined by the GLA. 2.4 Other than where the GLA has provided the Drawdown Confirmation, the Grant Recipient must (at the point that it submits a claim for any Tranche pursuant to Condition 10) possess a Completed Interest and must represent and warrant to the GLA that it is either registered or has applied to register as the proprietor of the relevant Site at the Land Registry.
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Secure Legal Interest. 2.1 The Grant Recipient must, subject to paragraphs 2.2 and 2.3, have a Secure Legal Interest in each Named Project before Named Project Grant may be claimed under Condition 10.1 as follows: 2.1.1 New Build Projects require a Secure Legal Interest (Long Term); and 2.1.2 Acquisition (No Work Required) Projects, Acquisition (Work Required) Projects and Social Housing Remodelling or Refurbishment Projects may have either Secure Legal Interest (Long Term) or a Secure Legal Interest (Short Term). 2.2 Every Named Project must have a Secure Legal Interest which allows the Grant Recipient to achieve the Minimum Period of Use for each RSAP Dwelling comprised in the Named Project. 2.3 Where the GLA provides the Drawdown Confirmation, the Grant Recipient's Secure Legal Interest may be a Contractual Interest at the time that First Tranche Grant is claimed, provided that any Drawdown Conditions are complied with within the timescales required by the GLA. 2.4 At the time that the Second Tranche Grant is claimed the Grant Recipient must possess a Completed Interest and must represent and warrant to the GLA that it is either registered or has applied to register as the proprietor of the relevant Site at the Land Registry (other than where the Grant Recipient has a Non Registrable Lease).
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Secure Legal Interest. The Grant Recipient must, subject to paragraphs 2.2 and 2.3, have a Completed Interest in each Named Project before the Acquisition Tranche Grant may be claimed under Condition 10.1.
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Secure Legal Interest. 2.1 The length and nature of Secure Legal Interest that the Grant Recipient must possess will depend on the type of Named Project it Delivers. At the point of submission of a proposed Named Project pursuant to Condition 7.2.2(a) the Grant Recipient must represent and warrant that in respect of any: 2.1.1 New Build Projects it possesses or will possess a Secure Legal Interest (Long Term); and 2.1.2 Acquisition (No Work Required) Projects, Acquisition (Work Required) Projects or Social Housing Remodelling or Refurbishment Projects it possesses or will possess either Secure Legal Interest (Long Term) or a Secure Legal Interest (Short Term). 2.2 Every Named Project must have a Secure Legal Interest which allows the Grant Recipient to achieve the Minimum Period of Use for each SHAP Dwelling comprised in the Named Project. 2.3 The Grant Recipient must, subject to paragraphs 2.4 and 2.5, have a Completed Interest in each Named Project before the Acquisition Tranche Grant may be claimed under Condition 10.1. 2.4 In exceptional circumstances the GLA may (in its absolute discretion) provide the Grant Recipient with a Drawdown Confirmation to permit the Grant Recipient to submit a claim for Acquisition Tranche Grant despite the Grant Recipient holding a Contractual Interest. 2.5 In permitting the Grant Recipient to hold a Contractual Interest at the point of claim for Acquisition Tranche Grant, the GLA may impose such Drawdown Conditions as it (in its absolute discretion) considers to be appropriate and require such Drawdown Conditions to be complied with within such timescales as may be determined by the GLA. 2.6 Other than where the GLA has provided the Drawdown Confirmation, the Grant Recipient must (at the point that it submits a claim for any Tranche pursuant to Condition 10) possess a Completed Interest and must represent and warrant to the GLA that it is either registered or has applied to register as the proprietor of the relevant Site at the Land Registry (other than where the Grant Recipient has a Non Registrable Lease).
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Related to Secure Legal Interest

  • Payment of normal interest Subject to the provisions of this Agreement, interest on the Loan in respect of each Interest Period shall be paid by the Borrower on the last day of that Interest Period.

  • Special Interest If (i) any Registration Statement required by this Agreement is not filed with the Commission on or prior to the applicable Filing Deadline, (ii) any such Registration Statement has not been declared effective by the Commission on or prior to the applicable Effectiveness Deadline, (iii) the Exchange Offer has not been Consummated on or prior to the Consummation Deadline or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose without being succeeded by a post-effective amendment to such Registration Statement that cures such failure and that is itself declared effective promptly (each such event referred to in clauses (i) through (iv), a “Registration Default”), then the Company hereby agrees to pay to each Holder of Transfer Restricted Securities affected thereby, as liquidated damages for such Registration Default, special interest (“Special Interest”), in addition to the Base Interest, which Special Interest shall accrue at a per annum rate of 0.25% for the first 90-day period immediately following the occurrence of such Registration Default, at a per annum rate of 0.50% for the second 90-day period following the occurrence of such Registration Default, at a per annum rate of 0.75% for the third 90-day period following the occurrence of such Registration Default and at a per annum rate of 1.0% thereafter for any remaining time period until all Registration Defaults have been cured; provided that the Company shall in no event be required to pay Special Interest for more than one Registration Default at any given time. Notwithstanding anything to the contrary set forth herein, (1) upon filing of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (i) above, (2) upon the effectiveness of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (ii) above, (3) upon Consummation of the Exchange Offer, in the case of (iii) above, or (4) upon the filing of a post-effective amendment to the Registration Statement or an additional Registration Statement that causes the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement) to again be declared effective or made usable in the case of (iv) above, the Special Interest payable with respect to the Transfer Restricted Securities as a result of such clause (i), (ii), (iii) or (iv), as applicable, shall cease. All accrued Special Interest shall be paid to the Holders entitled thereto, in the manner provided for the payment of interest in the Indenture, on each Interest Payment Date, as more fully set forth in the Indenture and the Notes. Notwithstanding the fact that any securities for which Special Interest is due cease to be Transfer Restricted Securities, all obligations of the Company to pay Special Interest with respect to such securities shall survive until such time as such obligations with respect to such securities shall have been satisfied in full. Notwithstanding anything contained herein or in the Indenture to the contrary, the payment of Special Interest shall be the only remedy available to Holders for any Registration Default.

  • Ethics Matters; No Financial Interest Contractor and its employees, agents, representatives and subcontractors have read and understand University’s Conflicts of Interest Policy available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/policy/policies/int160.html, University’s Standards of Conduct Guide available at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/systemcompliance/, and applicable state ethics laws and rules available at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇/▇▇▇▇▇▇. Neither Contractor nor its employees, agents, representatives or subcontractors will assist or cause University employees to violate University’s Conflicts of Interest Policy, provisions described by University’s Standards of Conduct Guide, or applicable state ethics laws or rules. Contractor represents and warrants that no member of the Board has a direct or indirect financial interest in the transaction that is the subject of this Agreement.

  • Fractional Interest The Original Class B-1 Fractional Interest is 2.14098292%.

  • Additional Interests If any Pledgor shall at any time acquire or hold any additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly completed and executed by such Pledgor and (iii) any other document required in connection with such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the requirements of this Section 21 concurrently with the acquisition of any such Additional Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving Credit Agreement applies, within the time period specified in such Section or elsewhere in the Revolving Credit Agreement with respect to such Additional Interests; provided, however, that the failure to comply with the provisions of this Section 21 shall not impair the Lien on Additional Interests conferred hereunder.