Developer Interest definition

Developer Interest means the interest of Developer in the Project created by this Agreement and the rights and obligations of Developer under this Agreement.
View Source
Developer Interest means the Interest or Interests (if there is more than 1 Interest) held by the Developer from time to time which comprises or each of which comprises an undivided part or share in the beneficial interest in the Club Property as provided for in the Constitution and other rights, entitlements and interests as provided for in the Constitution;
View Source
Developer Interest shall not include an interest in a Future Project acquired in connection with the fulfillment of Developer's obligations hereunder.
View Source

Examples of Developer Interest in a sentence

  • The Purchaser(s) shall also pay to the Developer Interest Free Maintenance Security Deposit @20 per sq.ft of the Super Area of the Apartment.

  • Any Wholly-Owned Subsidiary of Borrower (including, without limitation, (i) a Subsidiary of Borrower in which Borrower directly or indirectly owns all of the Equity Interests except for Equity Interests on account of Sub-REIT Preferred Equity, and (ii) a Developer JV and any Subsidiary thereof upon the purchase of the entire Residual Developer Interest in such Developer JV by Borrower or any Wholly-Owned Subsidiary of Borrower, pursuant to the exercise of a Put Option or otherwise).

  • The Land Acquisition Price shall be calculated and updated per the attached Excel Spreadsheet with carry costs (interest) exclusively applied to the following: the Parcel Price, closing costs, real estate taxes, and Developer Interest Payments, if any.

  • Any third-party developer unaffiliated with Borrower which holds a Residual Developer Interest.

  • During the Term, neither Developer nor any of the Royco Group shall, directly or indirectly, undertake the acquisition/ development of, or obtain any interest, whether beneficial or nominal, permanent or temporary, choate or inchoate, in, a Futu▇▇ ▇▇▇ject (a "Developer Interest"); provided, however, the term "Developer Interest" shall not include an interest in a Future Project acquired in connection with the fulfillment of Developer's obligations hereunder.

  • Additionally, without limiting the foregoing, the Borrower will promptly upon becoming aware of same notify the Agent in writing of the occurrence of any breach or default by Borrower, any Guarantor or any of their respective Subsidiaries, any Developer or any other party under any agreement, instrument or document evidencing or relating to any Sub-REIT Preferred Equity, any Residual Developer Interest or any Put Option.

  • Any joint venture entity directly or indirectly owning an Unencumbered Pool Property in which a Developer holds a Residual Developer Interest.

  • Buyers of apartments at Colombo City Centre (CCC) Residences can now enjoy the special benefits of a Zero interest and fees investment scheme which is a Developer Interest Bearer Scheme, following a partnership between the Commercial Bank of Ceylon and the developer of CCC Residences, the Abans Group.

  • The Borrower will, within five (5) Business Days of receiving notice that the holder of a Residual Developer Interest is exercising a Put Option with respect to an Unencumbered Pool Property, give Agent notice of the same, and shall promptly provide Agent with copies of all applicable offer letters, transfer agreements, Organizational Agreements or other documents setting forth the terms of or otherwise evidencing such exercise of the Put Option as may be reasonably requested by Agent.

  • For clarification, the value of each Residual Developer Interest in respect of each applicable Unencumbered Pool Property as of the Closing Date is set forth on the Residual Developer Certificate delivered to Agent on the date of this Agreement.


More Definitions of Developer Interest

Developer Interest means interest accrued on the actual Public Improvement costs paid by the Developer at a per annum rate equal to 6%. Developer Interest shall accrue from the later of x) the Effective Date or y) the date of actual payment by the Developer and shall continue until such time the Developer receives full payment of Project Improvement Contribution Amount, defined below.
View Source
Developer Interest means the interest of the Developer in the Parking System created 394 by this Agreement and the rights and obligations of the Developer under this Agreement.
View Source

Related to Developer Interest

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Water interest means any right to the beneficial use of water, including:

  • Purchaser Interest means, at any time, an undivided percentage ownership interest (computed as set forth below) associated with a designated amount of Capital, selected pursuant to the terms and conditions hereof in (i) each Receivable arising prior to the time of the most recent computation or recomputation of such undivided interest, (ii) all Related Security with respect to each such Receivable, and (iii) all Collections with respect to, and other proceeds of, each such Receivable. Each such undivided percentage interest shall equal: where: C = the Capital of such Purchaser Interest. AR = the Aggregate Reserves. NRB = the Net Receivables Balance. Such undivided percentage ownership interest shall be initially computed on its date of purchase. Thereafter, until the Amortization Date, each Purchaser Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Amortization Date. The variable percentage represented by any Purchaser Interest as computed (or deemed recomputed) as of the close of the business day immediately preceding the Amortization Date shall remain constant at all times thereafter.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Derivative Interest means any derivative securities (as defined under Rule 16a-1 under the Exchange Act) that increase in value as the value of the underlying equity increases, including, but not limited to, a long convertible security, a long call option and a short put option position, in each case, regardless of whether (i) such interest conveys any voting rights in such security, (ii) such interest is required to be, or is capable of being, settled through delivery of such security or (iii) transactions hedging the economic effect of such interest.