Trust Beneficial Interest definition

Trust Beneficial Interest has the meaning set forth in the Trust Agreement.
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Trust Beneficial Interest means the undivided beneficial interest in the assets held in the Trust, having such rights as provided for herein.
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Trust Beneficial Interest means the undivided beneficial interest in the assets held in the Trust, having such rights as provided for in the Trust Agreement.
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Examples of Trust Beneficial Interest in a sentence

  • Purchase Price payment date and method of paymentOn the Closing Date, the purchase price for the TBI (the “ Purchase Price”) will be paid to MHSC or BNPP in accordance with the method set forth in the Trust Beneficial Interest Sale and Purchase Agreement.

  • In other words, given that the Trust Beneficial Interest and ABL in Trust 2 is backed by principal and interest payments on ABL 1, R&I has confirmed that the principal of Trust Beneficial Interest and ABL in Trust 2 would be paid in full by the Trust 2 termination date and that interest would be paid on a timely basis.

  • Given that there are no principal distributions on ABL 1 during the Trust 1 Revolving Period, the Trust Beneficial Interest 2 and ABL 2 will not receive any principal during the revolving period.

  • Based on a comprehensive evaluation of the risk factor analysis and cash flow tests, R&I has assigned the target R&I Rating mentioned earlier to the Trust Beneficial Interest in Trust 2 and ABL (ABL2).

  • Other than the Trust Beneficial Interest and Real Estate listed in the table under the title “3.

  • Purchase Price payment date and method of paymentOn the Closing Date, the purchase price for the TBI (the “ Purchase Price”) will be paid to Nikko or BNPP in accordance with the method set forth in the Trust Beneficial Interest Sale and Purchase Agreement.

  • Miller produced and had the Stevenses sign a purchase contract, a limited power of attorney, a trust agreement, a deed conveying their property to a trustee, and a “Land Trust Beneficial Interest Assignment,” assigning their interests to Diversified.

  • Seller of the Trust Beneficial Interest of the Second TrustMerrill Lynch Japan Securities Co., Ltd.

  • The Liquidating Trustees will also annually send to each holder of a Liquidating Trust Beneficial Interest a separate statement setting forth the holder’s share of items of income, gain, loss, deduction or credit and will instruct all such holders to report such items on their United States federal income tax returns or to forward the appropriate information to their respective beneficial holders with instructions to report such items on their United States federal income tax returns.

  • Upon payment to the Holders of the Litigation Trust Interests of the aggregate Litigation Trust Beneficial Interest Principal Amount together with the Claims Return, any right, title and interest of the Litigation Trust with respect to the Litigation Trust Assets will automatically terminate and any such remaining Litigation Trust Assets will revert to the Reorganized Debtor and shall be Exit Facility Collateral if the Exit Facility should remain outstanding.


More Definitions of Trust Beneficial Interest

Trust Beneficial Interest means either a Transferor Beneficial Interest or a Supplemental Beneficial Interest.
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Trust Beneficial Interest means the Pro Rata interests in the Liquidating Trust of the
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Trust Beneficial Interest means the Agent-Trust Beneficial Interest and the Statutory Trust Beneficial Interest as defined in Section I of this Memorandum;
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Related to Trust Beneficial Interest

  • 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.

  • 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).

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • 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).

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

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • IAI Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional Accredited Investors.

  • 144A Global Security means a permanent Global Security in the form of the Security attached hereto as Exhibit A-1, and that is deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act.

  • 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.

  • Book-Entry Interest means a beneficial interest in a Global Certificate, ownership and transfers of which shall be maintained and made through book entries by a Clearing Agency as described in Section 9.4.

  • 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.

  • Registered Global Note means a Global Note, if issued by TCCI, being in the form or substantially in the form set out in Schedule 1 to the TCCI Note Agency Agreement (or in such other form as may be agreed between TCCI, the TCCI Registrar, the TCCI Transfer Agent and the relevant Purchaser(s)), or if issued by TMCC, being in the form or substantially in the form set out in Schedule 1 to the TMCC Note Agency Agreement (or such other form as may be agreed between TMCC, the TMCC Registrar, the TMCC Transfer Agent and the relevant Purchaser(s));

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

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

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • Rule 144A Global Security has the meaning specified in Section 2.1(a) of Appendix A.

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Rule 144A Global Note has the meaning assigned to it in Section 2.1(d).

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

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

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.