Beneficial Interest Certificate definition

Beneficial Interest Certificate has the meaning set forth in the Trust Agreement.
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Beneficial Interest Certificate the Beneficial Interest Certificate (as defined in the Trust Agreement) dated the date hereof and executed pursuant to the Trust Agreement. Beneficial Owner ‑ any holder of a Beneficial Interest Certificate. Bora Bora Note ‑ a promissory note in the form attached hereto as Exhibit C whereby the Transferor agrees to pay an aggregate of $259,268,500 as its initial Capital Contribution to the Company, such promissory note to be satisfied upon the assignment of the Bali Note by the Transferor to the Company at the Closing Time but in no event later than 11:59 p.m. on the Effective Date. Business Day ‑ any day other than a Saturday, a Sunday, or a holiday on which national banking associations in the New York, New York or Houston, Texas are authorized or required to be closed. Capital Contribution ‑ with respect to any Member, the amount of money and the net agreed value of any assets (other than money) contributed to the Company by the Member. Any reference in this Agreement to the Capital Contribution of a Member shall include a Capital Contribution of its predecessors in interest. Claim ‑ any and all judgments, claims, causes of action, demands, lawsuits, suits, proceedings, Governmental investigations or audits, losses, assessments, fines, penalties, administrative orders, obligations, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable attorney=s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.
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Beneficial Interest Certificate means one or more trust certificates (together with any replacements thereof) issued by the Trust representing the exclusive, undivided beneficial interest in the Trust, in the form of Exhibit A attached hereto.
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Examples of Beneficial Interest Certificate in a sentence

  • Unless otherwise specified in the relevant Final Terms, the Funding Agreement(s) and corresponding Swap(s), if any, acquired by such Series Trust and the $100 consideration received by such Series Trust on the issuance of the Beneficial Interest Certificate will be the sole assets of each Series Trust.

  • Reference is hereby made to the further provisions of this Beneficial Interest Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

  • Unless this Beneficial Interest Certificate shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Beneficial Interest Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or any other Related Document or be valid for any purpose.

  • The Owner Trustee and the Certificate Registrar and any of their respective agents may treat the Person in whose name this Beneficial Interest Certificate is registered as the owner hereof for all purposes, and none of the Owner Trustee, the Certificate Registrar, or any such agent shall be affected by any notice to the contrary.

  • Any sale or other transfer of this Beneficial Interest Certificate will be subject to the approval of the owner trustee.

  • The Beneficial Interest Certificate shall not represent any beneficial interest in any Series.

  • Each sub-trust agreement also includes an addendum that is a Beneficial Interest Certificate which purports to designate the target corporation as the sole beneficiary of the portfolio of the retail debt specifically allocated to that sub-trust.

  • The holder of this Beneficial Interest Certificate acknowledges and agrees that its rights to receive distributions in respect of this Beneficial Interest Certificate are subordinated to the rights of the Bali Noteholder to the extent described in the Trust Agreement.

  • The Owner Trustee shall, on the date of this Agreement, cause to be signed by an Authorized Officer and deliver for original issue to the Beneficial Owner a Beneficial Interest Certificate having an aggregate Certificate Base Amount of $100.

  • The Owner Trustee and the Certificate Registrar may treat the Person in whose name any Beneficial Interest Certificate is registered as the owner of such Beneficial Interest Certificate for the purpose of receiving payments pursuant to Section 5.01 hereof and for all other purposes whatsoever.


More Definitions of Beneficial Interest Certificate

Beneficial Interest Certificate means the certificate in substantially the form of Exhibit B attached to the Acquired Slot Trust Agreement representing the Beneficial Interest issued by the Slot Trustee.
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Related to Beneficial Interest Certificate

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Digital Certificate means an electronic device used to verify identity or protect electronic messages.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold outside of the United States in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Rule 144A Global Certificate With respect to any Class of Book-Entry Certificates, a single global Certificate, or multiple global Certificates collectively, registered in the name of the Depository or its nominee, in definitive, fully registered form without interest coupons, each of which Certificates bears a Qualified Institutional Buyer CUSIP number and does not bear a Regulation S Legend.

  • Global Certificate Any Private Certificate registered in the name of the Depository or its nominee, beneficial interests in which are reflected on the books of the Depository or on the books of a Person maintaining an account with such Depository (directly or as an indirect participant in accordance with the rules of such depository).

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Investor Certificate means any one of the certificates (including, without limitation, the Bearer Certificates, the Registered Certificates or the Global Certificates) executed by the Transferor and authenticated by the Trustee substantially in the form (or forms in the case of a Series with multiple classes) of the investor certificate attached to the related Supplement.

  • Certificated Note means a Note in registered individual form without interest coupons.

  • Restricted Global Certificate Has the meaning specified in Section 3.01(c).

  • Restricted Certificated Note means a Certificated Note bearing the Private Placement Legend.

  • Transfer Restricted Definitive Notes means Definitive Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Regulation S Certificate means a certificate substantially in the form of Exhibit E hereto.

  • Class ___ Certificate Any one of the Certificates executed and authenticated by the Trustee or Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit hereto.

  • Definitive Capital Securities Certificates means either or both (as the context requires) of (i) Capital Securities Certificates issued as Book-Entry Capital Securities Certificates as provided in Section 5.11, and (ii) Capital Securities Certificates issued in certificated, fully registered form as provided in Section 5.13.

  • Physical Certificate As specified in the Preliminary Statement.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.