Common use of The Beneficiaries Clause in Contracts

The Beneficiaries. The Beneficiaries of the Trust are the holders of record of shares of common stock of Grantor as of ______________, 2004 and their permitted successors and assigns. The beneficial interest of a Beneficiary shall be transferable only pursuant to the provisions of Section 6.2. Each Beneficiary shall be deemed to hold the number of units of beneficial ownership (“Units”) equal to the number of issued and outstanding shares of common stock of Grantor held of record as of ____________by that Beneficiary.

The Beneficiaries. The Beneficiaries of the Trust are the holders of record of shares of common stock of Grantor as of ______________April 15, 2004 and their permitted successors and assigns. The beneficial interest of a Beneficiary shall be transferable only pursuant to the provisions of Section 6.2. Each Beneficiary shall be deemed to hold the number of units of beneficial ownership (“Units”) equal to the number of issued and outstanding shares of common stock of Grantor held of record as of ____________April 15, 2004 by that Beneficiary.

The Beneficiaries. The Beneficiaries of the Trust are the holders of record of shares of common stock of Grantor as of ______________September 30, 2004 and their permitted successors and assigns. The beneficial interest of a Beneficiary shall be transferable only pursuant to the provisions of Section 6.2. Each Beneficiary shall be deemed to hold the number of units of beneficial ownership (“"Units”") equal to the number of issued and outstanding shares of common stock of Grantor held of record as of ____________September 30, 2004 by that Beneficiary.

The Beneficiaries. The Beneficiaries of the Trust are the holders of record of shares of common stock of Grantor as of ______________September 30, 2004 and their permitted successors and assigns. The beneficial interest of a Beneficiary shall be transferable only pursuant to the provisions of Section 6.2. Each Beneficiary shall be deemed to hold the number of units of beneficial ownership (“Units”) equal to the number of issued and outstanding shares of common stock of Grantor held of record as of ____________September 30, 2004 by that Beneficiary.