Portfolio Interest definition

Portfolio Interest. As defined in the Titling Trust Agreement.

Portfolio Interest as defined in Section 871(h) of the Code, or the exemption from withholding for Portfolio Interest set forth in Section 871(h) of the Code is no longer in effect, then so much of the accrued interest as is equal to the amount that the Company is required to withhold under Section 1441(a) of the Code shall not be converted into Conversion Shares pursuant to Section 3.1, and the Company shall withhold such amount in compliance with Section 1441(a) of the Code.

Portfolio Interest a Form W-8, or any subsequent versions thereof or successors thereto and if the Lender delivers a Form W-8, a certificate representing that such Lender is not a bank for purposes of Section 881(c) of the Code, is not a ten percent (10%) shareholder (within the meaning of Section 871(h)(3)(b) of the Code) of the Borrower thereof, and is not a controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code). Each such certificate and form shall be properly completed and duly executed by such Lender claiming complete exemption from a reduced rate of U.S. Withholding Tax on payments by the Borrower under this Agreement and other Lender Agreements. Such Lender agrees to promptly notify the Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction.

Examples of Portfolio Interest in a sentence

• If and as so directed, the calculations of the net asset value per Portfolio Interest and the daily income of each Portfolio shall be made at the time or times described from time to time in the Prospectus.

• The Custodian shall cooperate with and supply necessary information to any organization appointed by the Board of a Portfolio of a Fund to keep the books of account of the Portfolio and compute the net asset value per Portfolio Interest of the outstanding Portfolio Interests or, if directed in writing to do so by the Fund on behalf of the Portfolio, shall itself keep such books of account and compute such net asset value per Portfolio Interest.

• The Custodian shall cooperate with and supply necessary information to any organization appointed by the Board to keep the books of account of the Portfolio and compute the net asset value per Portfolio Interest of the outstanding Portfolio Interests or, if directed in writing to do so by the Fund on behalf of the Portfolio, shall itself keep such books of account and compute such net asset value per Portfolio Interest.

• By accepting this Certificate, the Holder hereof waives any Claim to any assets of the Titling Trustees and to all of the Titling Trust Assets from time to time included within the General Interest and each other Portfolio Interest as General Trust Assets and/or other Portfolio Assets and those proceeds or assets derived from or earned by such General Trust Assets and/or Portfolio Assets.

• Commission Report; (9) Daily Expense Accruals; (10) Daily Interest Accruals; (11) Daily Trial Balance; (12) Portfolio Interest Receivable and Income Reports; (13) Portfolio Dividend Receivable and Income Reports; (14) Listing of Portfolio Holdings - showing cost, market value and percentage of portfolio comprised of each security; and (15) Average Daily Net assets provided on monthly basis.

More Definitions of Portfolio Interest

Portfolio Interest shall have the meaning assigned to the term "Interest" in the Declaration of Trust in effect on the Closing Date.

Portfolio Interest a statement substantially in the form of Exhibit E to the effect that such Lender is eligible for a complete exemption from withholding of U.S. taxes under Section 871(h) or 881(c) of the Code (a “Tax Compliance Certificate”) and a Form W‐8BEN or W‐8BEN‐E, in each case (A) with any required attachments (including, with respect to any Lender that provides a U.S. Internal Revenue Service Form W‐8IMY, any of the forms or other documentation described in clauses (i) and (ii) above for any of the direct or indirect owners of such Lender) and (B) any subsequent versions thereof or successors thereto. In addition, each Lender (including any assignee thereof) that is not a Non‐U.S. Lender shall deliver to the Administrative Borrower and the Administrative Agent two copies of U.S. Internal Revenue Service Form W‐9, properly completed and duly executed and claiming complete exemption, or shall otherwise establish an exemption, from U.S. backup withholding. Such forms shall be delivered by each Lender on or about the date it becomes a party to this Agreement and from time to time thereafter as reasonably requested by Administrative Borrower or the Administrative Agent. In addition, each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Administrative Borrower and the Administrative Agent in writing of its legal inability to do so. Notwithstanding any other provision of this paragraph, a Lender shall not be required to deliver any form pursuant to this paragraph that such Lender is not legally able to USActive 58800445.158806140.10 -61- SK 28388 0001 10656366 v3

Portfolio Interest means the limited partnership interest in the Portfolio Partnership owned by the Seller.

Portfolio Interest a statement substantially in the form of Exhibit E and a Form W-8BEN, or any subsequent versions thereof or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, U.S. federal withholding tax on all payments by the Borrower under this Agreement and the other Loan Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related participation). In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not legally able to deliver.

Portfolio Interest means any real estate asset, security or other interest in UKindustrial real estate acquired by the Group in accordance with the Investment Policy;

Portfolio Interest means a series of beneficial interest in the ------------------ Trust, established pursuant to Section 3.2 of the Trust Agreement, having the separate rights, powers and duties specified in such Agreement and in the related Portfolio Supplement with respect to the Portfolio Assets specified in such Portfolio Supplement as being associated with such series.

Portfolio Interest means with respect to each SME Loan included in the Portfolio, and for each Interest Period, an amount equal to the sum of the product of: