Common use of Incidents of Ownership Clause in Contracts

Incidents of Ownership. The Shareholders shall be the Initial Beneficiaries of the Trust created by this Agreement and the Trustees shall retain only such incidents of legal ownership as are necessary to undertake the actions and transactions authorized herein.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Microcap Liquidating Trust), Liquidating Trust Agreement (Microcap Fund Inc), Liquidating Trust Agreement (Petrie Stores Corp)

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Incidents of Ownership. The Shareholders Stockholders shall be the Initial Beneficiaries of the Trust created by this Agreement and the Trustees Trustee shall retain only such incidents of legal ownership as are necessary to undertake the actions and transactions authorized herein.. <PAGE>

Appears in 1 contract

Samples: Liquidating Trust Agreement (Advanced Switching Communications Inc)

Incidents of Ownership. The Shareholders Stockholders and the Optionholders shall be the Initial Beneficiaries of the Trust created by this Agreement and the Trustees Trustee shall retain only such incidents of legal ownership as are necessary to undertake the actions and transactions authorized herein.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Mission West Properties Inc)

Incidents of Ownership. The Shareholders Beneficiaries shall be the Initial initial Beneficiaries of the Trust created by this Agreement and the Trustees shall retain only such incidents of legal ownership as are necessary to undertake the actions and transactions authorized herein.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Inpixon)

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Incidents of Ownership. The Shareholders Stockholders shall be the Initial Beneficiaries of the Trust created by this Agreement and the Trustees shall retain only such incidents of legal ownership as are necessary to undertake the actions and transactions authorized herein.

Appears in 1 contract

Samples: Liquidating Trust Agreement (BPP Liquidating Trust)

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