Assignment of Beneficial Interest definition

Assignment of Beneficial Interest. With respect to each Mortgage Loan secured by an interest in an Illinois Land Trust, an instrument executed by all of the beneficiaries of such Illinois Land Trust and by any Person having any interest in such Illinois Land Trust or the power to direct the trustee under such Illinois Land Trust, which assigns and transfers to the respective Depositor as a secured party, all of the beneficiaries' rights, powers, privileges and beneficial interest in such Illinois Land Trust.
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Assignment of Beneficial Interest means an assignment of ownership interest in a Genesis Entity from a BI Seller to a Purchaser substantially in the form of Exhibit X-0, X-0 or A-3, as applicable, hereto or in the Agreed Form.
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Assignment of Beneficial Interest means the instrument pursuant to which a BI Seller conveys right, title and interest to the beneficial interest of a LIFT Entity to a Purchaser, the form of which is attached as Exhibit A hereto. "ASSIGNMENT OF LEASE" means, for any Aircraft, a lease assignment and assumption agreement in the Agreed Form between the Purchaser or New Lessor thereof and the Seller thereof to be entered into between such Seller or an Affiliate of such Seller ("Existing Lessor"), such Purchaser and/or New Lessor and the relevant Lessee, under which the relevant Lease will be assigned, assumed and/or amended so that such Purchaser or New Lessor (as appropriate) will be substituted as lessor of such Aircraft in place of Existing Lessor.
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Examples of Assignment of Beneficial Interest in a sentence

  • Assignment of Beneficial Interest in Trust created under Chapter 689, F.S.: Effective July 3, 1979, any document which conveys any beneficial interest in a trust agreement is subject to tax, and the tax is to be paid upon execution of the document.

  • The application is currently in Powerbuilder 5.0.04 and Crystal Reports 7 which sits on a SQL Server 200 database.

  • Transfer an Assignment of Beneficial Interest (ownership, stock, etc.)A Change of Permit application is required if the change to beneficial interest is within 10% to 49%, which does NOT result in the transferee holding 50% or more beneficial interest in the license.

  • Forty-five of the studies had a cross-sectional design, and eleven were RCTs. There were also one longitudinal study and one study with mixed method.

  • GVS recorded a Notice of Assignment of Beneficial Interest in the Trust Deed and filed a new financing statement.

  • Upon any occurrence that could impact servicing functions, including but not limited to, Assignment of Beneficial Interest, modification of Loan terms, Client must notify Servicer immediately of such occurrence and provide copies of relevant documents before servicing functions will be performed, continued, or funds distributed.

  • Upon satisfaction of the conditions in Section 11(b), on the Closing Date, the Lessee shall deliver to the Owner Trustee the Xxxx of Sale, the Deed and the Assignment of Beneficial Interest.

  • Exceptions for a [Facsimile] Collateral Assignment of Beneficial Interest for Illinois Land Trust loans are acceptable.

  • He concludes that the only basis for an indemnification claim would be in the event of a breach of warranty contained in the Assignment of Beneficial Interest and there was no such breach, adding that even if there were a breach Kavanagh would not be entitled to administrative claim because such an expenses would be neither reasonable and necessary nor beneficial to the bankruptcy estate.

  • At the time of the Assignment of Beneficial Interest, the parties discussed the eventual transfer of the remaining 90% interest in the property from plaintiffs to defendant.¶ 19 Tie testified that she and Ma eventually agreed to sell their remaining interest to defendant.


More Definitions of Assignment of Beneficial Interest

Assignment of Beneficial Interest means an assignment of beneficial interest pursuant to which the applicable Seller assigns, transfers and conveys to the Purchaser all of such Seller’s beneficial right, title and interest in and to the Canadian Owned Real Property for which legal title is held by 6068057 Canada or 0827965 B.C., in such form as may be reasonably agreed upon by the parties in writing.
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Assignment of Beneficial Interest means an assignment of beneficial interest in the form set out at Schedule 1 of this Deed, duly completed.
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Assignment of Beneficial Interest. The term "Assignment of Beneficial Interest" shall mean that certain instrument in the form identified as "Exhibit A" to the Trust Agreement.
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Assignment of Beneficial Interest means that certain instrument in the form identified as "Exhibit A" to the Trust Agreement.
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Related to Assignment of Beneficial Interest

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Assignment of Benefits means an arrangement whereby the Plan Participant assigns their right to seek and receive payment of eligible Plan benefits, in strict accordance with the terms of this Plan Document, to a Provider. If a provider accepts said arrangement, Providers’ rights to receive Plan benefits are equal to those of a Plan Participant, and are limited by the terms of this Plan Document. A Provider that accepts this arrangement indicates acceptance of an “Assignment of Benefits” as consideration in full for services, supplies, and/or treatment rendered.

  • Certificate of Beneficial Ownership means, for each Borrower, a certificate in form and substance acceptable to Agent (as amended or modified by Agent from time to time in its sole discretion), certifying, among other things, the Beneficial Owner of such Borrower.

  • Transfer Restricted Definitive Notes means Definitive Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • IAI Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional Accredited Investors.

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Regulation S Certificate means a certificate substantially in the form of Exhibit E hereto.

  • Form of Assignment and Transfer means the “Form of Assignment and Transfer” attached as Attachment 3 to the Form of Note attached hereto as Exhibit A.

  • Certificated Note means a Note in registered individual form without interest coupons.

  • Offshore Global Note means a Global Note representing Notes issued and sold pursuant to Regulation S.

  • Global Note shall have the meaning specified in Section 2.05(b).

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • U.S. Global Note means a Global Note that bears the Restricted Legend representing Notes issued and sold pursuant to Rule 144A.

  • Registered Global Note means a Global Note, if issued by TCCI, being in the form or substantially in the form set out in Schedule 1 to the TCCI Note Agency Agreement (or in such other form as may be agreed between TCCI, the TCCI Registrar, the TCCI Transfer Agent and the relevant Purchaser(s)), or if issued by TMCC, being in the form or substantially in the form set out in Schedule 1 to the TMCC Note Agency Agreement (or such other form as may be agreed between TMCC, the TMCC Registrar, the TMCC Transfer Agent and the relevant Purchaser(s));

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Transfer Restricted Global Notes means Global Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Rule 144A Global Note has the meaning assigned to it in Section 2.1(d).

  • Unrestricted Definitive Note means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend.

  • Restricted Definitive Note means a Definitive Note bearing the Private Placement Legend.

  • Regulation S Temporary Global Note means a temporary Global Note in the form of Exhibit A2 hereto deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes initially sold in reliance on Rule 903 of Regulation S.

  • Regulation S Global Note means a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as appropriate.

  • Transferor Certificate As defined in Section 5.02(b).