Trust Interest definition
Trust Interest means an account owner's interest in the trust created by a participating trust
Trust Interest means the right to receive, on each Payment Date, distributions of the amounts, if any, released to the Issuer pursuant to Section 8.02(d) of the Indenture or pursuant to Section 2.05 of the Servicing Agreement.
Trust Interest means an account owner's interest in the trust created by a participating trust agreement and held for the benefit of a designated beneficiary."
Examples of Trust Interest in a sentence
For the protection and enforcement of the provisions of this Section, each and every Trust Interest Owner and the Trustee shall be entitled to such relief as can be given either at law or in equity.
The Certificate Administrator is hereby directed to use any and all such information or data provided by the Trustee, the Depositor, the Servicer and the Special Servicer in the preparation of all federal, state or local income, franchise or other tax and information returns and reports for each of the Lower-Tier REMIC and the Upper-Tier REMIC to Trust Interest Owners as required herein.
The Certificate Administrator shall make withdrawals from the Distribution Account to make distributions to the Trust Interest Owners pursuant to Section 4.1. Amounts held in the Distribution Account shall be uninvested.
Trust Interest Owners, by the acceptance of their Certificates or Uncertificated VRR Interest, as applicable, shall be deemed to have agreed to keep this information confidential.
The Certificate Administrator (or a Custodian on its behalf) shall provide copies of the items described in this Section 8.14(a) above upon reasonable written request to the Trust Interest Owners.
More Definitions of Trust Interest
Trust Interest means an account owner's interest in the fund
Trust Interest means an account owner's interest in the trust created by a participation
Trust Interest means the trust interests of the Company as provided for and described in the LLC Agreement.
Trust Interest means a pro rata beneficial interest in the Trust.
Trust Interest means a pro rata beneficial interest in the Trust. Date: Simon Property Group, L.P. National City Center 115 West Washington Street, Suite 15 East Indianapolis, Indiana 46204 Dear Sirs: The undersigned is a holder of 8.00% Cumulative Redeemable Preferred Units (“Preferred Units”) of Simon Property Group, L.P., a Delaware limited liability (the “Operating Partnership”). On the date hereof, the undersigned has presented to the Operating Partnership (number) Preferred Units (the “Tendered Units”) for (a) redemption (the “Redemption”); (b) conversion (the “Conversion”) or (c) repurchase (the “Repurchase”) pursuant to their terms. This letter agreement is being given in satisfaction of a condition to the Redemption, Conversion, or Repurchase, as applicable, of the Tendered Units. The undersigned hereby agrees with the Operating Partnership that, in the event the undersigned receives any payment or distribution with respect to Tendered Units after their Redemption, Conversion, or Repurchase, as applicable, other than a payment or distribution required to be made in connection therewith, the undersigned will promptly remit such payment or distribution back to the Operating Partnership. In furtherance of the foregoing, the undersigned further grants to the Operating Partnership the right to set off against any unpaid amount due to the Operating Partnership under this letter agreement any debt or other obligation of the Operating Partnership owing to the undersigned, including, without limitation, any dividend or other distribution payable to the undersigned by reason of its ownership of Preferred Units or any other securities of the Operating Partnership. This letter agreement shall be construed in accordance with, and governed by, the laws of the State of New York, without regard to conflicts of laws principles. Very truly yours, (Name of Holder of Preferred Units) By: Name: Title: AGREED: SIMON PROPERTY GROUP, L.P. By: Name: Title:
Trust Interest means the registered interest in the Lands and the Title Document as set forth and described in Schedule "A" or such portion thereof as may remain subject to this Agreement at the relevant time. AGREEMENT OF PARTIES Beneficiary appoints Trustee to hold, as bare trustee, the Trust Interest in trust on behalf of Beneficiary as of the Effective Date. As of the Effective Date, Trustee agrees that it holds and shall hold, as bare trustee, the Trust Interest in trust for Beneficiary on the terms and conditions described in this Agreement and Trustee agrees that all benefit and advantage accruing to the Trust Interest shall, if and when received by Trustee, be held by Trustee in trust for Beneficiary. OBLIGATIONS Trustee Does Not Guarantee Title By this Agreement, Trustee does not purport to hold in trust for Beneficiary any better title or interest than Trustee now holds, and Trustee does not, either expressly or by implication, warrant or guarantee title to the interest held for Beneficiary. Trustee Not Obligated to Conduct Operations Trustee shall not, by this Agreement, be obligated to drill any ▇▇▇▇▇, conduct any operations, post any deposits or apply for continuation of the Title Document, nor shall Trustee be required to pay any shut-in royalty or compensatory royalty on Beneficiary's behalf. Trustee to Cooperate With Beneficiary Trustee will cooperate with Beneficiary to provide any authorizations required to enable Beneficiary to make any required applications to regulatory authorities to attempt to retain the Lands under the Title Document. Trustee acknowledges that Beneficiary may drill ▇▇▇▇▇, conduct operations, and may post deposits insofar as they pertain to the Trust Interest in accordance with applicable law and the directions of any governmental authority having jurisdiction over the Trust Interest.
Trust Interest means the Interest held by Trust Members.