BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE Clause Samples
The Beneficial Ownership and Excess Distribution Certificate clause requires parties to formally declare the true beneficial owners of an interest and to certify the receipt or entitlement to any distributions that exceed a specified threshold. In practice, this clause typically obligates an entity or individual to provide documentation or statements confirming who ultimately controls or benefits from the assets, and to disclose any distributions that surpass agreed-upon limits, often for regulatory or tax compliance purposes. Its core function is to ensure transparency in ownership and financial flows, helping to prevent fraud, money laundering, or tax evasion by making ownership and large distributions clear to all relevant parties.
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. SECTION 3.1 Initial Beneficial Ownership 4 SECTION 3.2 Corporate Trust Office 4 SECTION 3.3 The Excess Distribution Certificate 4
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. Section 3.01. Initial Beneficial Ownership
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. Section 3.01. Initial Beneficial Ownership...................................4 Section 3.02. Corporate Trust Office.........................................4 Section 3.03. The Excess Distribution Certificate............................4
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. SECTION 3.1 Initial Beneficial Ownership SECTION 3.2 Intentionally Omitted SECTION 3.3 Intentionally Omitted SECTION 3.4 Intentionally Omitted SECTION 3.5 Intentionally Omitted SECTION 3.6 Intentionally Omitted SECTION 3.7 Intentionally Omitted SECTION 3.8 Corporate Trust Office SECTION 3.9 Intentionally Omitted SECTION 3.10 Intentionally Omitted SECTION 3.11 Intentionally Omitted SECTION 3.12 Intentionally Omitted SECTION 3.13 The Excess Distribution Certificate
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. Initial Beneficial Ownership 5
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE. SECTION 3.1 Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5 and until the issuance of the Excess Distribution Certificate, the Depositor shall be the sole beneficial owner of the Trust.
BENEFICIAL OWNERSHIP AND EXCESS DISTRIBUTION CERTIFICATE