Limited Owner definition

Limited Owner means any person or entity who becomes a holder of Limited Interests (as defined in Article III) and who is listed as such on the books and records of the Trust, and may include the Managing Owner with respect to the Limited Interests purchased by it.

Limited Owner means any person or entity who is or becomes a Beneficial Owner of Limited Units of a Fund.

Limited Owner means any person entitled to a life estate in any land and includes persons deriving rights through him.

Examples of Limited Owner in a sentence

• The Power of Attorney concurrently granted by each Limited Owner to the Managing Owner shall not authorize the Managing Owner to act on behalf of Limited Owners in any situation in which this Trust Agreement requires the approval of Limited Owners unless such approval has been obtained as required by this Trust Agreement.

• In addition, and subject to the exceptions set forth in the immediately preceding sentence, the Trust shall not make a claim against a Limited Owner with respect to amounts distributed to such Limited Owner or amounts received by such Limited Owner upon redemption unless, under Delaware law, such Limited Owner is liable to repay such amount.

• No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

• Subject to the foregoing, neither the Managing Owner nor any other Covered Person shall be personally liable for the return or repayment of all or any portion of the capital or profits of any Limited Owner or assignee thereof, it being expressly agreed that any such return of capital or profits made pursuant to this Trust Agreement shall be made solely from the assets of the Trust without any rights of contribution from the Managing Owner or any other Covered Person.

• Concurrently with the written acceptance and adoption of the provisions of this Trust Agreement, each Limited Owner shall execute and deliver to the Managing Owner a Power of Attorney as part of the Subscription Agreement, or in such other form as may be prescribed by the Managing Owner.

More Definitions of Limited Owner

Limited Owner means any person or entity who is or becomes a Beneficial Owner of Units other than the Managing Owner.

Limited Owner means a Person holding Limited Units and who is listed as such on the books and records of the Trust and/or the applicable Fund. For the avoidance of doubt, the term “Limited Owner” will include any Affiliate of the Managing Owner in the event that the Affiliate purchases Limited Units.

Limited Owner means a tenant for life of a settled estate in fee simple or a person who has the powers of a tenant for life over such an estate under the Settled Land Acts 1882 to 1890;

Limited Owner means DB Commodity Index Tracking Fund, a Delaware statutory trust.

Limited Owner means a tenant for life of settled land or a person who has the powers of a tenant for life under the Settled Land Acts 1882 to 1890;

Limited Owner means, as applicable, any Fund of PowerShares DB US Dollar Index Trust, a Delaware statutory trust.

Limited Owner means, as applicable, any Fund of PowerShares DB Multi-Sector Commodity Trust, a Delaware statutory trust.