Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's list of Partnership Unit holders as of the Record Date (the "List"). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in such Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Appears in 11 contracts
Samples: Liquidating Trust Agreement (American Income Partners v D LTD Partnership), Liquidating Trust Agreement (American Income Fund I-D LTD Partnership), Liquidating Trust Agreement (Airfund International Limited Partnership)
Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's ’s list of Partnership Unit holders as of the Record Date (the "List"). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in such the Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Appears in 10 contracts
Samples: Liquidating Trust Agreement (PLM Equipment Growth Fund), Liquidating Trust Agreement (PLM Equipment Growth Fund Ii), Liquidating Trust Agreement (PLM Equipment Growth Fund Iv)
Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's ’s list of Partnership Unit holders as of the Record Date (the "“List"”). The Partnership will deliver the certified copy of the List to the Managing Trustee within a reasonable time promptly after the Record Date specifying the Partnership Units of each Partner in the Partnership. Each Partnership Unit owned by a Partner shall be converted into Beneficial Interests of each Initial Beneficiary in such Partnershipthe Trust. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Appears in 5 contracts
Samples: Liquidating Trust Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Liquidating Trust Agreement (Icon Income Fund Eight B Lp), Liquidating Trust Agreement (Behringer Harvard Mid Term Value Enhancement Fund I Lp)
Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's ’s list of Partnership Unit holders as of the Record Date (the "“List"”). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in such the Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Appears in 3 contracts
Samples: Liquidating Trust Agreement (PLM Equipment Growth Fund Vi), Liquidating Trust Agreement (PLM Equipment Growth & Income Fund Vii), Liquidating Trust Agreement (PLM Equipment Growth Fund V)
Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's list of Partnership Unit holders as of the Record Date (the "List"). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in such the Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Appears in 3 contracts
Samples: Liquidating Trust Agreement (PLM Equipment Growth Fund Iii), Liquidating Trust Agreement (PLM Equipment Growth Fund Iii), Liquidating Trust Agreement (PLM Equipment Growth Fund Iii)
