Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by Executive's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Executive should die while any amounts are still payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive's devisee, legatee, or other designee or, if there be no such designee, to Executive's estate.
Beneficial Interests. (a) The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership’s list of Partnership Unit holders as of the Record Date (the "List"). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in the Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Trust.
(b) In the case of the Partnership Unit holders, customary institutional book-entry or other records or any other evidence of ownership satisfactory to the Trustee will be deemed to evidence the Beneficial Interest in the Trust of each such Beneficiary.
(c) If any conflicting claims or demands are made or asserted with respect to the ownership of any Trust Units, or if there should be any disagreement between the transferees, assignees, heirs, representatives or legatees succeeding to all or part of the interest of any Beneficiary resulting in adverse claims or demands being made in connection with such Trust Units, then, in any of such events, the Trustee shall be entitled, at its sole election, to refuse to comply with any such conflicting claims or demands. In so refusing, the Trustee may elect to make no payment or distribution with respect to such Trust Units, or to make such payment to a court of competent jurisdiction or an escrow agent, and in so doing the Trustee shall not be or become liable to any of such parties for their failure or refusal to comply with any of such conflicting claims or demands, nor shall the Trustee be liable for interest on any funds which it may so withhold. The Trustee shall be entitled to refrain and refuse to act until either (i) the rights of the adverse claimants have been adjudicated by a final judgment of a court of competent jurisdiction, (ii) all differences have been adjusted by valid written agreement between all of such parties, and the Trustee shall have been furnished with an executed counterpart of such agreement, or (iii) there is furnished to the Trustee a surety bond or other security satisfactory to the Trustee, as it shall deem appropriate, to fully indemnify it as between all conflicting claims or demands.
Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate.
Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company's successors and assigns and (b) the Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee shall die while any amounts are still payable to his hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.
Beneficial Interests. The Beneficial Interest of each Initial Beneficiary hereof shall be determined by the Partnership in accordance with a certified copy of the Partnership's list of Partnership Unit holders as of the Record Date (the "List"). The Partnership will deliver the certified copy of the List to the Trustee within a reasonable time after the Record Date specifying the Beneficial Interests of each Initial Beneficiary in such Partnership. For ease of administration, the List shall express the Beneficial Interest of each Initial Beneficiary in terms of units and it is intended that each unit shall represent one Trust Unit in the Partnership's Trust.
Beneficial Interests. Subject to the provisions herein, beneficial interests in a Global Security may be transferred in any manner consistent with the Applicable Procedures.
Beneficial Interests. A. Beneficial Interests in a trust, relating to, inter alia, a MxXxxxxxx Xxxxxxx MD-82 aircraft bearing MSN 49151, pursuant to a Trust Agreement dated as of September 12, 2001, as amended, by and among Investor Asset Holding Corp., as Owner Trustee and the following Assignors as Owner Participants in the percentages set forth below: American Income Fund I-C: 11.872% --------------------------- American Income Fund I-D: 14.391% --------------------------- American Income Fund I-E: 9.714% --------------------------- Airfund International: 49.17% ---------------------- Airfund II International: 14.853% --------------------------
B. Beneficial Interests in a trust, relating to, inter alia, a Boeing 737-2H4 aircraft bearing serial number 21722, pursuant to a Trust Agreement dated as of December 30, 1991, as amended, by and among Wxxxx Fargo Bank Northwest, National Association (f/k/a First Security Bank of Utah, National Association), as Owner Trustee and the following Assignors as Owner Participants in the percentages set forth below: American Income Fund I-C: 14.35% --------------------------- American Income Fund I-D: 17.39% --------------------------- American Income Fund I-E: 11.74% --------------------------- Airfund International: 43.41% ---------------------- Airfund II International: 13.11% --------------------------
C. Beneficial Interests in a trust, relating to, inter alia, a Boeing 737-200A aircraft bearing MSN 21721 pursuant to a Trust Agreement dated as of December 30, 1991, as amended, by and among Wxxxx Fargo Bank Northwest, National Association, as Owner Trustee and the following Assignors as Owner Participants in the percentages set forth below: American Income Fund I-C: 14.35% --------------------------- American Income Fund I-D: 17.39% --------------------------- American Income Fund I-E: 11.74% --------------------------- Airfund International: 43.41% ---------------------- Airfund II International: 13.11% --------------------------
D. Beneficial Interests in a trust, relating to certain equipment pursuant to a certain Trust Agreement dated as of December 13, 1989, as amended, by and among Wxxxx Fargo Bank Northwest, National Association and Investors Asset Holding Corp., as Trustees and the following Assignors as Owner Participants in the percentages set forth below: American Income Partners V-A: 14.93333% ------------------------------- American Income Partners V-B: 40.00000% ------------------------------- American Income Partners V-C: ...
Beneficial Interests. 5 Section 3.1. Initial Ownership............................................. 5 Section 3.2. Seller Interest............................................... 5 Section 3.3. Form of Seller Interest...................................... 5 Section 3.4. Restrictions on Transfer; Issuance of Supplemental Certificates..................................... 5
Beneficial Interests. This Separation Agreement shall inure to the benefit of and be enforceable by Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Executive should die while any amounts are still payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Separation Agreement to Executive’s estate. This Separation Agreement shall be inure to the benefit of the Company, its successors and permitted assigns.
Beneficial Interests. No member or delegate to the Congress of the United States shall be admitted to any share or part of this Contract or to any benefit arising therefrom.
