Usufructuary definition

Usufructuary means a holder of a right of usufruct on one or more Shares.
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Examples of Usufructuary in a sentence

  • The annual account for heating and hot water includes, to the extent of the actual costs, the items cited in Articles 5 through 7 of the Ordinance on the Lease and Usufructuary Lease of Residential and Business Premises of 9 May 1990 (OBLF).

  • Subject to the terms of the Usufructuary rights, the two rights may be sold together.

  • No License/ No Usufructuary Rights/ No Commitment The disclosure of the Confidential Information to the Research Participant shall in no way be deemed to be a grant of license (express or implied); usufructuary right; proprietary right of any sort; or commitment to a license agreement.

  • CLAUSE 3 In case of the death of the Usufructuary, the Parties agree and acknowledge that the usufruct shall be extinguished and shall in no case devolve on the heirs of the Usufructuary.

  • The Usufructuary shall pay for the registration fees including stamp duties and other expenses related to the registration of this right of usufruct interest.

  • Usufructuary lease agreement is a contractual relationship which is formed by the mutual declaration of intention of the parties and which has legal consequences whilst being a relationship of obligations.

  • CLAUSE 2 The Right of Usufruct of this Agreement shall be created for the lifetime and exist throughout the life of the Usufructuary (the “Term”) without any consideration or remuneration.

  • Usufructuary lease occurs when a thing or a right giv- ing products is transferred to the lessee for the purpose of using, benefiting from the products of and operating the thing or the right.6 This description of usufructuary lease derives from article 3577 of the TCO that regulates the usufructuary lease.

  • As of the Execution Date, Seller is the Usufructuary of four thousand one hundred twenty-two (4.122) ordinary shares that represent 0.65% of the subscribed and outstanding capital of Aeroriente (the “Shares under Usufruct”).

  • An agreement of sale will describe the Sellers as the bare dominium sellers and the Usufructuary sellers.