Common use of Definition of beneficial owner Clause in Contracts

Definition of beneficial owner. (1) For the purposes of this Agreement, “beneficial owner” shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:

Appears in 20 contracts

Samples: Agreement, Agreement, Agreement

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Definition of beneficial owner. Beneficial Owner means individuals (1natural persons) For who have a) Owning or controlling 25% or more of the purposes of this Agreement, “beneficial owner” shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:entity’s shares and/or voting rights,

Appears in 5 contracts

Samples: www.americanexpress.com, Commercial Services, Commercial Services

Definition of beneficial owner. (1) For the purposes of this Agreement, Agreement “beneficial owner” shall mean any individual who receives an interest payment or any such individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

Definition of beneficial owner. (1) . For the purposes of this Agreement, “Agreement ‘beneficial ownershall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide provides evidence that the interest payment was not received or secured for his or her own benefit. An individual is not deemed to be the beneficial owner when hehe or she:

Appears in 4 contracts

Samples: zugimpex.com, Agreement, Agreement

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Definition of beneficial owner. (1) . For the purposes of this Agreement, “beneficial owner” shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:mean...

Appears in 2 contracts

Samples: www.legislation.gov.uk, www.legislation.gov.uk

Definition of beneficial owner. (1) For the Solely for purposes of determining the definition of the term Beneficial Owner as used in this AgreementTrust, “beneficial owner” such term shall mean include any individual who receives an interest payment corporation, person, other entity or group (other than the Company or any individual for whom an interest payment of its wholly owned subsidiaries, and other than any employee benefit plan maintained by the Company) who is secured, unless such individual can provide evidence a Beneficial Owner as that term is defined in the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:Company's Articles of Incorporation as amended.

Appears in 1 contract

Samples: Management Plans Trust Agreement (First of America Bank Corp /Mi/)

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