Trust Interests Sample Clauses
The 'Trust Interests' clause defines the rights, benefits, and obligations associated with a party's stake or participation in a trust. It typically outlines what constitutes a trust interest, how such interests may be transferred, inherited, or otherwise dealt with, and any restrictions or conditions that apply. For example, it may specify whether beneficiaries can sell their interests or if approval is required for such transfers. The core function of this clause is to clarify ownership and control over trust assets, thereby preventing disputes and ensuring proper administration of the trust.
Trust Interests. Shares deposited hereunder shall be held in the Voting Trust for the account of the Beneficiary depositing such Shares. Certificates representing a Beneficiary’s interest in such Shares or in the Voting Trust will not be issued. For purposes of this Agreement, the beneficial interests of a Beneficiary in Shares held by the Voting Trust for the account of such Beneficiary shall be referred to as such Beneficiary’s “Trust Interests.”
Trust Interests. Issue or register the transfer of any of its Certificates to any Person other than a Secured Party.
Trust Interests. The trust certificate of the Borrower delivered to Borrower Parent is a validly issued and fully paid and nonassessable beneficial interest in the Borrower entitled to the benefits provided by the Trust Agreement. No Person other than Borrower Parent holds any beneficial interest in the Trust. There are no outstanding warrants, options or other rights to purchase or issue any trust certificates of the Borrower or any interest in Borrower.
Trust Interests. The term “Trust Interests” as used in this Voting Trust Agreement, shall mean the beneficial trust interests of a Beneficiary in the Company Shares contributed by such Beneficiary to the Voting Trust for the benefit of such Beneficiary.
Trust Interests. Seller shall deliver the original Trust Certificate and all applicable transfer documents in blank to the Buyer.
Trust Interests. The Trust Interests constitute all the issued and outstanding trust interests of all classes of the Trust Subsidiary and are certificated.
Trust Interests. The Trust may but shall not be obligated to propose from time to time such amendment to any registration statement as in the light of future developments may, in the opinion of the Trust's counsel, be necessary or advisable. If the Trust shall not propose such amendment and/or supplement within fifteen days after receipt by the Trust of a written request from EVD to do so, EVD may, at its option, terminate this Agreement. The Trust shall not file any amendment to any registration statement without giving EVD reasonable notice thereof in advance; provided, however, that nothing contained in this Agreement shall in any way limit the Trust's right to file at any time such amendment to any registration statement as the Trust may deem advisable, such right being in all respects absolute and unconditional.
Trust Interests. Trust Shares contributed pursuant to this Voting Trust Agreement shall be held in the Voting Trust for the account of the Beneficiary of such Trust Interests representing such Trust Shares and subject to this Voting Trust Agreement and the applicable provisions of the Shareholders’ Agreement.
Trust Interests. (a) The interests of the CKX Stockholders as beneficiaries of the Trust (the “Trust Interests”) have been created pursuant to this Agreement.
(b) The Trust Interests shall not be represented by any certificates and shall inure to the benefits of the CKX Stockholders and their successors and assigns.
(c) The CKX Stockholders shall not have any right to participate in the management of the Trust.
(d) Under no circumstances shall the CKX Stockholders be entitled to any shares of FX Luxury Stock prior to the declaration of effectiveness of a registration statement for such shares.
Trust Interests. Terms related to the beneficial interests in the Litigation Trust, such as transferability, sub-classification and cancellation will be addressed in the Global Plan or the applicable trust agreement.