Residual Interest and Transfer of Interests Clause Samples

The "Residual Interest and Transfer of Interests" clause defines how any remaining ownership or financial interest in an asset, entity, or agreement is handled, as well as the rules governing the transfer of such interests to other parties. Typically, this clause outlines who retains rights to residual interests after certain events, such as liquidation or sale, and sets conditions or restrictions on transferring those interests, such as requiring consent from other stakeholders or meeting specific criteria. Its core function is to provide clarity and structure regarding the disposition and transferability of interests, thereby preventing disputes and ensuring all parties understand their rights and obligations.
Residual Interest and Transfer of Interests. 6 Section 3.1. The Residual Interest. 6
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Residual Interest and Transfer of Interests. 6 Section 3.1. The Residual Interest 6 Section 3.2. Registration of Residual Interests; Transfer of the Residual Interest 7 Section 3.3. Capital Accounts 8 Section 3.4. Maintenance of Office or Agency 9 Section 3.5. Distributions to the Holder of the Residual Interest 9 ARTICLE IV APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 9 Section 4.1. Application of Trust Funds 9 Section 4.2. Method of Payment 10
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Residual Interest and Transfer of Interests 
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Related to Residual Interest and Transfer of Interests

  • Trust Certificates and Transfer of Interests Section 3.01

  • Certificates and Transfer of Interests Section 4.01. Initial Ownership 12 Section 4.02. The Certificates 12 Section 4.03. Execution, Authentication and Delivery of Certificates 12 Section 4.04. Registration of Transfer and Exchange of Certificates 12 Section 4.05. Mutilated, Destroyed, Lost or Stolen Certificates 13 Section 4.06. Persons Deemed Owners 14 Section 4.07. Access to List of Certificateholders’ Names and Addresses 14 Section 4.08. Maintenance of Office or Agency 14 Section 4.09. Restrictions on Transfers of Certificates 14

  • Residual Interest Notwithstanding anything to the contrary contained herein, the Company is hereby authorized to retain from amounts otherwise distributable to the Holders of the Class R-2 Residual Interest on any Distribution Date sufficient funds to reimburse the Company for the payment of such tax (to the extent that the Company has not been previously reimbursed therefor).