Legal Ownership of Trust Estate. The legal ownership of the Trust Estate and the right to conduct the business of the Trust are vested exclusively in the Trustee, and the Unit Holders shall have no interest therein other than the beneficial interest in the Trust conferred by their Units created hereunder, and subject to the provisions of Section 9.02, they shall have no right to compel any partition, division, or distribution of the Trust or any of the Trust Estate.
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Samples: Trust Agreement (Global Resource CORP), Trust Agreement (Global Resource CORP), Trust Agreement (Global Resource CORP)
Legal Ownership of Trust Estate. The legal ownership of the Trust Estate and the right to conduct the business of the Trust are vested exclusively in the TrusteeTrustees (subject to Section 3.2(t)), and the Unit Holders Shareholders shall have no interest therein other than the beneficial interest in the Trust conferred by their Units created hereunder, Shares issued hereunder and subject to the provisions of Section 9.02, they shall have no right to compel any partition, division, dividend or distribution of the Trust or any of the Trust Estate.
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Samples: Agreement and Plan of Merger (American Realty Trust Inc), Standstill Agreement (American Realty Trust Inc)
Legal Ownership of Trust Estate. The legal ownership of the Trust Estate and the right to conduct the business of the Trust are vested exclusively in the TrusteeTrustees (subject to Section 2.10(s), and the Unit Holders Shareholders shall have no interest therein (other than the beneficial interest in the Trust conferred by their Units created Shares issued hereunder, ) and subject to the provisions of Section 9.02, they shall have no right to compel any partition, division, dividend or distribution of the Trust or any of the Trust Estate.
Appears in 1 contract
Samples: Universal Health Realty Income Trust
Legal Ownership of Trust Estate. The legal ownership of the Trust Estate and the right to conduct the business of the Trust are vested exclusively in the TrusteeTrustees, and the Unit Holders Shareholders shall have no interest therein other than the beneficial interest in the Trust conferred by their Units created hereunderShares issued hereunder and, and subject to the provisions of Section 9.028.2, they shall have no right to compel any partition, division, dividend or distribution of the Trust or any of the Trust Estate.
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Samples: Mortgage & Realty Trust
Legal Ownership of Trust Estate. The legal ownership of the Trust Estate and the right to conduct the business of the Trust are vested exclusively in the Trustee, and the Unit Holders shall have no interest therein other than the beneficial interest in the Trust conferred by their Units created hereunder, hereunder and subject to the provisions of Section 9.02, they shall have no right to compel any partition, division, or distribution of the Trust or any of the Trust Estate.
Appears in 1 contract
