Common use of Definition of Beneficiary Clause in Contracts

Definition of Beneficiary. The term “Beneficiary,” as used in this Agreement, shall mean a holder of record on the books of the Voting Trust of Trust Interests (as defined below) granted hereunder (whether held by initial deposit or by subsequent transfer in accordance with this Agreement), and shall be construed to mean and include not only such holders and owners acting in their own right, but also any person, association or corporation possessing Trust Interests in a representative or fiduciary capacity.

Appears in 5 contracts

Samples: Skechers Voting Trust Agreement, Voting Trust Agreement, Skechers Voting Trust Agreement (Schwartzberg Gil)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.