Common use of Beneficiaries Have No Rights or Privileges Clause in Contracts

Beneficiaries Have No Rights or Privileges. as Holders of ---------------------------------------------------------------- Partnership Units14.3 Beneficiaries Have No Rights or Privileges as Holders --------- of Partnership Units. Except as expressly provided in this Agreement or under applicable law, the Beneficiaries shall have no rights or privileges attributable to their former status as holders of Partnership Units.

Appears in 12 contracts

Samples: Liquidating Trust Agreement (American Income Fund I-C LTD Partnership), Liquidating Trust Agreement (American Income Fund I-a LTD Partnership), Liquidating Trust Agreement (Airfund International Limited Partnership)

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Beneficiaries Have No Rights or Privileges. as Holders of ---------------------------------------------------------------- Partnership Units14.3 Beneficiaries Have No Rights or Privileges as Holders --------- of Partnership Units. --------- Except as expressly provided in this Agreement or under applicable law, the Beneficiaries shall have no rights or privileges attributable to their former status as holders of Partnership Units.

Appears in 1 contract

Samples: Liquidating Trust Agreement (PLM Equipment Growth Fund Iii)

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