Interest Beneficial Only Sample Clauses

Interest Beneficial Only. The ownership of a beneficial interest in the Trust shall not entitle any Beneficiary to any title in or to the Trust Assets or to any right to call for a partition or division of such assets or to require an accounting, except as specifically provided herein.
AutoNDA by SimpleDocs
Interest Beneficial Only. Ownership of a beneficial interest in the Liquidating Trust shall not entitle any Beneficiary to any title in or to the Liquidating Trust Assets or to any right to call for a partition or division of the Liquidating Trust Assets or to require an accounting.
Interest Beneficial Only. The ownership of a Litigation Trust Interest shall not entitle any Beneficiary to any title in or to the Trust Assets or to any right to call for a partition or division of the Trust Assets or to require an accounting.
Interest Beneficial Only. Except as expressly provided hereunder (including Section 10.1(b)), a Unitholder shall have no title to, right to, possession of, management of or control of the Liquidating Trust or the Liquidating Trust Assets. The ownership of Units in the Liquidating Trust shall not entitle any Unitholder to any tit le in or to the Liquidating Trust Assets or to any right to call for a partition or division of such assets or to require an accounting, except as may be specifically provided herein.
Interest Beneficial Only. Ownership of a beneficial interest in the Litigation Trust shall not entitle any Beneficiary to any title in or to the Litigation Trust Assets or to any right to call for a partition or division of the Litigation Trust Assets or to require an accounting. The interest of a holder of a Litigation Trust Interest is in all respects personal property, and upon the death, insolvency or incapacity of an individual holder of a Litigation Trust Interest, such holder’s interest shall pass to the legal representative of such holder of a Litigation Trust Interest and such death, insolvency or incapacity shall not terminate or affect the validity of this Litigation Trust Agreement. A holder of a Litigation Trust Interest shall have no title to, right to, possession of, management of, or control of, any Litigation Trust Assets except as herein expressly provided. No surviving spouse, heir or devisee of any deceased holder of a Litigation Trust Interest shall have any right of dower, homestead, or inheritance, or of partition, or any other right, statutory or otherwise, in the Litigation Trust Assets, but the whole title to all the Litigation Trust Assets shall be vested in the Litigation Trust and the sole interest of the holders of Litigation Trust Interests shall be the rights and benefits given to such persons under this Litigation Trust Agreement. The record holder of Litigation Trust Interests, as evidenced by the Claims Registry, will be entitled to participate in the rights due to a holder of Litigation Trust Interests hereunder.
Interest Beneficial Only. The ownership of a Beneficial Interest in the Post- Consummation Trust shall not entitle any Post-Consummation Trust Beneficiary to any title in or to the Post-Consummation Trust Assets or the Trust Proceeds or to any right to call for a partition or division of such assets or to require an accounting, except as specifically provided herein.
Interest Beneficial Only. Ownership of a beneficial interest in the Liquidation Trust 427 shall not entitle any Beneficiary to any title in or to the Liquidation Trust Assets or to any right to 428 call for a partition or division of the Liquidation Trust Assets or to require an accounting. 430 Trust shall not be evidenced by any certificated security, or receipt or in any other form or manner 431 whatsoever, except as maintained on the books and records of the Liquidation Trust by the 432 Liquidation Trustee, which may be the Register.
AutoNDA by SimpleDocs
Interest Beneficial Only. Except as provided in Article IX of this Trust Agreement, the ownership of a beneficial interest in the Trust shall not entitle the Beneficiary to any title in or to the Wapiti Trust Assets or to any right to call for a partition or division of the Wapiti Trust Assets or to require an accounting.
Interest Beneficial Only. Ownership of a Wind Down Entity Interest or Lender Wind Down Claim shall not entitle any Beneficiary or Lender Wind Down Claimholder to any title in or to the Post-Effective Date Assets or to any right to call for a partition or division of the Post-Effective Date Assets or to require an accounting.
Interest Beneficial Only. Except as expressly provided hereunder, a Unitholder shall have no title to, right to, possession of, management of or control of the Creditor Trust or the Creditor Trust Assets. The ownership of Units shall not entitle any Unitholder to any title in or to the Creditor Trust Assets or to any right to call for a partition or division of such assets or to require an accounting, except as may be specifically provided herein.
Time is Money Join Law Insider Premium to draft better contracts faster.