Asset Certificate definition

Asset Certificate means (1) a certificate, in substantially the form attached as Exhibit A-2 hereto, that is executed and delivered by the Trust under this Agreement evidencing an Asset Interest, (2) a digital certificate issued by the Trust as a CAT evidencing an Asset Interest, and/or (3) an equivalent certificate evidencing an Asset Interest in a form reasonably determined by the Trust Administrator and issued or delivered by the Trust.
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Asset Certificate means a certificate, substantially in the form of Exhibit H, with appropriate insertions, and executed on behalf of the Borrower by a Responsible Officer.
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Asset Certificate means the certificate representing the undivided interest in a specific
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Examples of Asset Certificate in a sentence

  • However, no fractional Dividend Certificates or Asset Certificates will be issued in the distribution, and if a Registered Owner’s pro rata share would entitle it to a fractional Dividend Certificate or Asset Certificate, then the number of Dividend Certificate(s) and the number of Asset Certificate(s) distributed to that Registered Owner each will be rounded down to the nearest whole number.

  • This Asset Certificate shall not be entitled to any benefits under the Trust Agreement or be valid or obligatory for any purpose unless it is executed by the manual or digital signature of a duly authorized signatory of the Trust Administrator and, if a Registrar (other than the Trust Administrator) for the Trust Certificates shall have been appointed, countersigned by the manual signature of a duly authorized officer of the Registrar.

  • The Trust Agreement is hereby incorporated by reference into and made a part of this Asset Certificate as if set forth in full in this place.

  • For Trust Certificates that can together constitute a whole Trust Unit (i.e., for each one (1) Dividend Certificate and one (1) Asset Certificate) held by a Registered Owner as of the Record Date, that Registered Owner would receive such number and type of Spin-Off Securities distributed to the Trust with respect to one (1) Underlying Share (the “Trust Unit Spin Distribution”).

  • Fractional Dividend Certificates or Asset Certificates will be issued in the distribution, and a Registered Owner’s pro rata share, even when it would entitle it to a fractional Dividend Certificate or Asset Certificate, will be distributed to that Registered Owner.

  • For illustrative purposes only, below is a hypothetical example of the calculation of the respective vote fractions, assuming one vote per Underlying Share, the 90-Day VWAP of the Asset Certificate is $350.00 and the 90-Day VWAP of the Dividend Certificate is $50.00: As a result, in this illustrative example, each Asset Certificate would be allocated 0.875 of a vote per certificate, and each Dividend Certificate would be allocated 0.125 of a vote per certificate.

  • This Asset Certificate is issued upon the terms and conditions set forth in the Amended and Restated Agreement and Declaration of Voting Trust, dated as of , 2025 (the “Trust Agreement”), among Permuto Capital LLC, a Delaware limited liability company, as trust administrator (the “Trust Administrator”) and CSC Delaware Trust Company, as Delaware trustee (the “Delaware Trustee”).The Trust Agreement sets forth the rights of Registered Owners and the rights and duties of the Trust Administrator.

  • Accordingly, the minimum amount a holder of Trust Certificates can hold of a Dividend Certificate or an Asset Certificate on the Chia blockchain is 0.001.

  • Asset Certificates held in digital form on the Chia blockchain: Each Registered Owner as of the Record Date of an Asset Certificate will be issued and receive its applicable pro rata share of Family Trust Certificates (consisting of Family Asset Certificates and Family Dividend Certificates) to be equal to the total number of Family Trust Underlying Shares received by the Trust in connection with the Transaction.

  • Assuming the Fractional Vote Share of the Dividend Certificate is 0.125, the Fractional Vote Share of the Asset Certificate is 0.875, and the aggregate votes cast by Trust Certificate holders are as outlined in the table below: ● The Vote Totals for the Dividend Certificates would be “For” 53,750 (430,000 x 0.125), “Against” 12,500 (100,000 x 0.125), and “Abstain” 92 (737 x 0.125, rounded down).