Subordinated Beneficial Interests definition

Subordinated Beneficial Interests means the Beneficial Interests to be created under the First Trust Agreement other than the Senior Beneficial Interests.
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Subordinated Beneficial Interests means the beneficial interests in the Wind-Down Trust to be received by the Holders of Allowed MGG Subordinated Claims in Class 3 pursuant to the terms of the Plan and the Wind-Down Trust Agreement, which beneficial interests (a) shall be junior in right of payment and priority to the Senior Beneficial Interests and (b) shall have the additional attributes set forth in this Plan and the Wind-Down Trust Agreement. For the avoidance of doubt, the Holders of Subordinated Beneficial Interests will not be entitled to receive or retain any Distributions from the Wind-Down Trust unless and until all Holders of Senior Beneficial Interests entitled to Distributions from the Wind-Down Trust have received Distributions from the Wind-Down Trust in amounts sufficient to repay in full the Allowed amounts of their respected Allowed General Unsecured Claims.
Sample 1

Examples of Subordinated Beneficial Interests in a sentence

  • VWFSJ in its capacity as Subordinated Beneficiary, may also receive dividends on the Subordinated Beneficial Interests, subject to certain conditions.

  • The First Trustee will issue the Senior Beneficial Interests and the Subordinated Beneficial Interests under the First Trust Agreement and VWFSJ will be the initial beneficiary of those Beneficial Interests.

  • In addition, Additional Senior Beneficial Interests and Additional Subordinated Beneficial Interests will be created with respect to the entrustment of Additional Auto Loan Receivables.

  • The Subordinated Beneficial Interests will be held by VWFSJ throughout the Trust Period.

  • Summary of Credit Enhancement Credit Enhancement by the Subordinated Beneficial Interests.

  • All Additional Subordinated Beneficial Interests will be integrated into the Subordinated Beneficial Interests held by the Subordinated Beneficiary upon the creation thereof.

  • The Subordinated Beneficial Interests will be held by MBF throughout the Trust Period.The aggregate Outstanding Principal Balance of the Auto Loan Receivables as of the Cut-off Date was 92,553,201,003 yen.

  • Subject to the terms of this Agreement, thePlan Administrator shall cause the Wind-Down Trust to make Distributions to the Beneficiaries in the manner provided in the Plan and taking into account whether the Beneficiaries are holders of Senior Beneficial Interests or Subordinated Beneficial Interests.

  • Aeon Product Finance entrusts renovation loans, solar loans, and money to Sumitomo Mitsui Trust Bank and receives Class A Senior Beneficial Interests, Class B Senior Beneficial Interests, Mezzanine I-1 Beneficial Interests, Mezzanine I-2 Beneficial Interests, Mezzanine II Beneficial Interests, and Subordinated Beneficial Interests.

  • Your acceptance of these Terms of Business confirms your consent and instructions for us to act in accordance with the terms and spirit of the Protocol.

Related to Subordinated Beneficial Interests

  • 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.

  • 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).

  • 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).

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Class R-II Interest The uncertificated Residual Interest in REMIC II.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.